Alpha Pro Tech (NYSE:APT) Coverage Initiated at StockNews.com

Investment analysts at StockNews.com started coverage on shares of Alpha Pro Tech (NYSE:APT) in a note issued to investors on Thursday. The firm set a “buy” rating on the stock.

Alpha Pro Tech Stock Down 1.3 %

Shares of APT opened at $5.29 on Thursday. Alpha Pro Tech has a twelve month low of $4.64 and a twelve month high of $6.92. The company has a market capitalization of $58.18 million, a P/E ratio of 14.30 and a beta of -0.73. The firm has a 50 day moving average of $5.36 and a 200 day moving average of $5.61.

Institutional Inflows and Outflows

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

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.