In a recent transaction, David R. Garcia, a director at Alpha Pro Tech Ltd (NYSEAMERICAN:APT), sold 5,000 shares of the company's common stock, netting a total of $27,400. The shares were sold at a price of $5.48 each, according to a Form 4 document filed with the Securities and Exchange Commission.
The transaction took place on September 16, 2024, and was disclosed in the filing dated September 18, 2024. Following the sale, Garcia's direct ownership in the company decreased to 9,413 shares of common stock.
On the same day, Garcia also exercised options to acquire an additional 5,000 shares of Alpha Pro Tech's common stock at a price of $3.42 per share, amounting to a total transaction value of $17,100. This transaction increased his direct ownership before the subsequent sale.
Alpha Pro Tech Ltd, known for its orthopedic, prosthetic, and surgical appliances and supplies, is incorporated in Delaware and operates under the trading symbol APT.
Investors often monitor insider transactions as they can provide insights into a company's financial health and future prospects. The sale by Garcia represents a notable change in his investment position in Alpha Pro Tech, although it is not immediately clear what motivated the transaction.
The Form 4 filing provides transparency into the trading activities of company insiders, ensuring that the public is informed about potential changes in insider confidence and ownership stakes.
InvestingPro Insights
As investors digest the recent insider transactions at Alpha Pro Tech Ltd, it's worth considering the company's financial performance to better understand its position in the market. According to InvestingPro data, Alpha Pro Tech has reported a revenue of $61.09 million over the last twelve months as of Q2 2024, marking a growth of 7.44%. The company's gross profit in the same period stood at $24 million, translating to a gross profit margin of 39.29%, which indicates a solid ability to retain earnings after the cost of goods sold.
Furthermore, an InvestingPro Tip highlights that Alpha Pro Tech has liquid assets that exceed its short-term obligations. This financial stability is a positive sign for investors, as it suggests the company can easily meet its immediate liabilities. An additional InvestingPro Tip reveals that Alpha Pro Tech operates with a moderate level of debt, which can be a balancing factor in the company's overall risk profile.
These insights are particularly relevant given the recent insider sale, as they provide a broader context for evaluating the company's economic standing. For those interested in a deeper analysis, InvestingPro offers additional tips on Alpha Pro Tech, which can be found at https://www.investing.com/pro/ APT. Currently, the platform lists a total of six InvestingPro Tips that can further inform investment decisions regarding the company.
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