Alpha Pro Tech (NYSE:APT) Stock Price Down 2.2% - Time to Sell?

Key Points

• Alpha Pro Tech shares fell 2.2% to $5.44, with trading volume 28% above the average. The company has a $55.5 million market capitalization and trades at a price-to-earnings ratio of 14.70.
• Two directors sold shares at an average price of $5.04, including one sale that reduced Charles Montgomery’s position by 46.47%. Insiders still own 16.20% of the company.
• BlackRock initiated a position by purchasing 278,687 shares worth approximately $1.57 million, while institutional investors and hedge funds collectively own 22.69% of Alpha Pro Tech.

Alpha Pro Tech, Ltd. (NYSE:APT - Get Free Report) was down 2.2% on Wednesday. The company traded as low as $5.41 and last traded at $5.44. 76,775 shares traded hands during trading, an increase of 28% from the average daily volume of 59,796 shares. The stock had previously closed at $5.56.

Alpha Pro Tech Price Performance

The company has a market capitalization of $55.52 million, a price-to-earnings ratio of 14.70 and a beta of 0.86. The stock has a 50-day moving average price of $5.38 and a 200-day moving average price of $5.28.

Insider Buying and Selling

In related news, Director Donna Millar sold 6,971 shares of the business's stock in a transaction that occurred on Monday, September 28th. The stock was sold at an average price of $5.04, for a total transaction of $35,133.84. Following the transaction, the director directly owned 1,284,603 shares of the company's stock, valued at approximately $6,474,399.12. The trade was a 0.54% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Charles Montgomery sold 21,943 shares of the stock in a transaction on Monday, September 28th. The shares were sold at an average price of $5.04, for a total value of $110,592.72. Following the completion of the sale, the director owned 25,281 shares in the company, valued at approximately $127,416.24. This trade represents a 46.47% decrease in their position. The disclosure for this sale is available in the SEC filing. 16.20% of the stock is currently owned by insiders.

Institutional Trading of Alpha Pro Tech

An institutional investor recently bought a new position in Alpha Pro Tech stock. BlackRock Inc. purchased a new stake in Alpha Pro Tech, Ltd. (NYSE:APT - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 278,687 shares of the company's stock, valued at approximately $1,566,000. BlackRock Inc. owned about 2.73% of Alpha Pro Tech as of its most recent filing with the Securities and Exchange Commission. Institutional investors and hedge funds own 22.69% of the company's stock.

Alpha Pro Tech Company Profile

Alpha Pro Tech, Ltd. develops, manufactures and markets disposable protective apparel, infection-control products and building-supply products. Its offerings are designed for use in healthcare, industrial, construction and other professional environments where protection, hygiene and moisture management are important.

The company's protective and infection-control products include face masks, bouffant caps, shoe covers, gowns, coveralls, lab coats and other disposable garments and accessories.

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