Alpha Pro Tech (NYSE:APT) Now Covered by StockNews.com

StockNews.com assumed coverage on shares of Alpha Pro Tech (NYSE:APT) in a report issued on Wednesday. The firm issued a buy rating on the stock.

Alpha Pro Tech Price Performance

Shares of APT stock opened at $5.28 on Wednesday. The firm has a 50-day moving average of $5.45 and a 200-day moving average of $5.61. Alpha Pro Tech has a one year low of $4.64 and a one year high of $6.92. The company has a market cap of $58.07 million, a P/E ratio of 14.27 and a beta of -0.73.

Hedge Funds Weigh In On Alpha Pro Tech

Several institutional investors and hedge funds have recently bought and sold shares of APT. Inspire Advisors LLC bought a new position in Alpha Pro Tech during the third quarter worth about $326,000. Dimensional Fund Advisors LP boosted its holdings in Alpha Pro Tech by 37.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 125,018 shares of the company’s stock worth $688,000 after buying an additional 33,782 shares during the period. Acadian Asset Management LLC grew its stake in Alpha Pro Tech by 32.9% in the 2nd quarter. Acadian Asset Management LLC now owns 159,825 shares of the company’s stock valued at $877,000 after buying an additional 39,529 shares in the last quarter. Needham Investment Management LLC raised its holdings in Alpha Pro Tech by 1.2% during the 3rd quarter. Needham Investment Management LLC now owns 610,000 shares of the company’s stock valued at $3,477,000 after acquiring an additional 7,500 shares during the period. Finally, Renaissance Technologies LLC lifted its position in shares of Alpha Pro Tech by 1.3% during the second quarter. Renaissance Technologies LLC now owns 632,375 shares of the company’s stock worth $3,478,000 after acquiring an additional 8,316 shares in the last quarter. 22.69% of the stock is owned by institutional investors.

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.