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

Stock analysts at StockNews.com began coverage on shares of Alpha Pro Tech (NYSE:APT) in a report issued on Wednesday. The brokerage set a “buy” rating on the stock.

Alpha Pro Tech Stock Down 3.4 %

APT opened at $5.10 on Wednesday. The company has a market cap of $56.09 million, a P/E ratio of 13.78 and a beta of -0.73. The firm’s 50-day moving average price is $5.42 and its 200-day moving average price is $5.60. Alpha Pro Tech has a 52-week low of $4.64 and a 52-week high of $6.92.

Institutional Investors Weigh In On Alpha Pro Tech

A number of large investors have recently made changes to their positions in APT. Inspire Advisors LLC purchased a new stake in Alpha Pro Tech during the 3rd quarter valued at about $326,000. Dimensional Fund Advisors LP boosted its position 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 valued at $688,000 after buying an additional 33,782 shares during the last quarter. Acadian Asset Management LLC increased its holdings 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 buying an additional 39,529 shares during the period. Needham Investment Management LLC increased its stake in shares of Alpha Pro Tech by 1.2% in the third quarter. Needham Investment Management LLC now owns 610,000 shares of the company’s stock worth $3,477,000 after acquiring an additional 7,500 shares during the period. Finally, Renaissance Technologies LLC raised its stake 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 last quarter. 22.69% of the stock is owned by hedge funds and other 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.