Alpha Pro Tech, Ltd. (NYSEAMERICAN:APT) Director Purchases $41,370.30 in Stock

Alpha Pro Tech, Ltd. (NYSEAMERICAN:APT) Director Charles D. Montgomery bought 10,690 shares of the stock in a transaction dated Tuesday, December 12th. The stock was acquired at an average price of $3.87 per share, with a total value of $41,370.30. Following the completion of the purchase, the director now owns 2,575 shares of the company’s stock, valued at approximately $9,965.25. The acquisition was disclosed in a filing with the SEC, which is available through this link.

Alpha Pro Tech, Ltd. (NYSEAMERICAN:APT) remained flat at $$4.00 during trading on Friday. 38,475 shares of the stock were exchanged, compared to its average volume of 17,267. Alpha Pro Tech, Ltd. has a 52-week low of $2.55 and a 52-week high of $4.25. The firm has a market cap of $60.62, a P/E ratio of 18.18 and a beta of 1.12.

Alpha Pro Tech declared that its Board of Directors has initiated a share buyback program on Friday, December 22nd that authorizes the company to buyback $2.00 million in outstanding shares. This buyback authorization authorizes the company to buy shares of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its shares are undervalued.

A hedge fund recently raised its stake in Alpha Pro Tech stock. Dimensional Fund Advisors LP boosted its position in Alpha Pro Tech, Ltd. (NYSEAMERICAN:APT) by 14.7% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 204,156 shares of the company’s stock after buying an additional 26,169 shares during the quarter. Dimensional Fund Advisors LP owned approximately 1.35% of Alpha Pro Tech worth $786,000 as of its most recent filing with the SEC.

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Alpha Pro Tech Company Profile

ALPHA PRO TECH, LTD. (Alpha Pro Tech) is in the business of protecting people, products and environments. The Company is engaged in developing, manufacturing and marketing a line of disposable protective apparel and infection control products for the cleanroom, industrial, pharmaceutical, medical and dental markets through its subsidiary, Alpha Pro Tech, Inc Its products are grouped into three segments: Building Supply, which consists of construction weatherization products, such as housewrap and synthetic roof underlayment, as well as other woven material; Disposable Protective Apparel, which consists of disposable protective apparel, such as shoecovers, bouffant caps, gowns, coveralls, lab coats, frocks and other miscellaneous products, and Infection Control, which consists of face masks and eye shields.

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