Insider Selling: Alpha Pro Tech (NYSE:APT) Director Sells 9,413 Shares of Stock

Key Points

• Director James Buchan of Alpha Pro Tech sold 9,413 shares at an average price of $4.86, amounting to a total of $45,747.18, which represents a 66.51% decrease in his position.
• After the sale, Buchan retains 4,740 shares valued at $23,036.40, indicating significant insider activity within the company.
• The stock is currently trading at $4.89, with recent trading volume exceeding its average, and a market cap of $51.21 million.

Alpha Pro Tech, Ltd. (NYSE:APT - Get Free Report) Director James Buchan sold 9,413 shares of the stock in a transaction that occurred on Tuesday, September 9th. The shares were sold at an average price of $4.86, for a total transaction of $45,747.18. Following the completion of the sale, the director directly owned 4,740 shares of the company's stock, valued at $23,036.40. This trade represents a 66.51% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Alpha Pro Tech Trading Up 1.0%

NYSE:APT traded up $0.05 during trading hours on Thursday, hitting $4.89. The stock had a trading volume of 32,519 shares, compared to its average volume of 27,231. Alpha Pro Tech, Ltd. has a 1-year low of $4.06 and a 1-year high of $6.20. The business has a 50 day simple moving average of $4.77 and a two-hundred day simple moving average of $4.73. The company has a market cap of $51.21 million, a PE ratio of 13.22 and a beta of 0.41.

Institutional Trading of Alpha Pro Tech

A number of hedge funds have recently made changes to their positions in the stock. Linden Thomas Advisory Services LLC increased its stake in Alpha Pro Tech by 17.1% during the first quarter. Linden Thomas Advisory Services LLC now owns 187,610 shares of the company's stock valued at $938,000 after purchasing an additional 27,457 shares during the last quarter. Jane Street Group LLC bought a new position in Alpha Pro Tech in the first quarter worth about $117,000. James Investment Research Inc. bought a new position in Alpha Pro Tech in the second quarter worth about $52,000. Inspire Advisors LLC bought a new position in Alpha Pro Tech in the second quarter worth about $274,000. Finally, NewEdge Advisors LLC bought a new position in Alpha Pro Tech in the second quarter worth about $74,000. Institutional investors and hedge funds own 22.69% of the company's stock.

Analyst Upgrades and Downgrades

Separately, Wall Street Zen initiated coverage on shares of Alpha Pro Tech in a research report on Thursday, May 15th. They set a "buy" rating for the company.

About Alpha Pro Tech

Alpha Pro Tech, Ltd., together with its subsidiaries, develops, manufactures, and markets a range of disposable protective apparel, infection control, and building supply products in the United States and internationally. The company operates through Disposable Protective Apparel and Building Supply segments.

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