Acadian Asset Management LLC Grows Stake in Alpha Pro Tech, Ltd. (NYSE:APT)

Acadian Asset Management LLC grew its stake in Alpha Pro Tech, Ltd. (NYSE:APT) by 32.9% during the second quarter, HoldingsChannel reports. The fund owned 159,825 shares of the company’s stock after acquiring an additional 39,529 shares during the quarter. Acadian Asset Management LLC’s holdings in Alpha Pro Tech were worth $877,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in APT. Hillsdale Investment Management Inc. purchased a new position in shares of Alpha Pro Tech in the 1st quarter valued at $91,000. O Shaughnessy Asset Management LLC increased its holdings in shares of Alpha Pro Tech by 226.4% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 90,015 shares of the company’s stock valued at $562,000 after acquiring an additional 62,437 shares during the period. Finally, Linden Thomas Advisory Services LLC increased its holdings in shares of Alpha Pro Tech by 2.2% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 163,644 shares of the company’s stock valued at $900,000 after acquiring an additional 3,511 shares during the period. 22.69% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com upgraded Alpha Pro Tech from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 14th.

Alpha Pro Tech Price Performance

Shares of APT stock opened at $5.43 on Tuesday. The stock’s fifty day moving average price is $5.81 and its 200 day moving average price is $5.73. Alpha Pro Tech, Ltd. has a 1-year low of $3.93 and a 1-year high of $6.92. The company has a market cap of $63.47 million, a price-to-earnings ratio of 15.08 and a beta of -0.74.

Alpha Pro Tech (NYSE:APT) last issued its quarterly earnings results on Wednesday, August 7th. The company reported $0.15 earnings per share for the quarter. Alpha Pro Tech had a return on equity of 7.64% and a net margin of 7.71%. The business had revenue of $16.29 million for the quarter.

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.