Hutch Onshore Cuts Alpha Pro Tech Stake to 8.0%

TL;DR

**Hutch Onshore just trimmed its stake in Alpha Pro Tech to 8.0%.**

AI Summary

Hutch Onshore LLC, an investment firm, filed an amended Schedule 13G/A on February 12, 2024, indicating a change in their ownership of Alpha Pro Tech, Ltd. common stock. As of February 5, 2024, Hutch Onshore LLC now beneficially owns 1,000,000 shares, representing 8.0% of the company's outstanding common stock. This is a decrease from their previously reported ownership, signaling a reduction in their stake in the personal protective equipment manufacturer.

Why It Matters

This filing shows a significant institutional investor has reduced their position in Alpha Pro Tech, which could signal a lack of confidence in the company's future prospects or a reallocation of their investment portfolio.

Risk Assessment

Risk Level: medium — A notable institutional investor reducing its stake can sometimes precede a decline in stock price if other investors follow suit.

Analyst Insight

Investors should monitor Alpha Pro Tech's stock performance and look for further institutional ownership changes or company-specific news that might explain Hutch Onshore LLC's reduced stake.

Key Numbers

• 1,000,000 — Shares Beneficially Owned (This is the current number of shares Hutch Onshore LLC holds in Alpha Pro Tech, Ltd.)
• 8.0% — Percentage of Class (This represents the current ownership percentage of Alpha Pro Tech's common stock by Hutch Onshore LLC.)
• February 5, 2024 — Date of Event (This is the specific date when the ownership change occurred, triggering the filing.)

Key Players & Entities

• Hutch Onshore LLC (company) — the reporting person decreasing its ownership
• Alpha Pro Tech, Ltd. (company) — the subject company whose stock is being reported
• February 5, 2024 (date) — the date of the event requiring the filing
• 1,000,000 (dollar_amount) — the number of shares beneficially owned by Hutch Onshore LLC
• 8.0% (dollar_amount) — the percentage of Alpha Pro Tech's common stock owned by Hutch Onshore LLC

Forward-Looking Statements

• Alpha Pro Tech's stock price may experience downward pressure in the short term. (Alpha Pro Tech, Ltd.) — medium confidence, target: 3 months

FAQ

Key Financial Figures

• $0.01 — ame of Issuer) Common Stock, par value $0.01 per share (Title of Class of Securiti

Filing Documents

• alphapro13ga2-02142024.htm (SC 13G/A) — 74KB
• 0001013594-24-000150.txt ( ) — 76KB

(a)

Item 1(a). Name of Issuer: Alpha Pro Tech, Ltd. (the " Issuer ")

(b)

Item 1(b). Address of Issuer's Principal Executive Offices: 60 Centurian Drive, Suite 112, Markham, Ontario, Canada L3R 9R2

(a)

Item 2(a). Name of Persons Filing: The names of the persons filing this statement on Schedule 13G (collectively, the " Reporting Persons ") are: Hutch Master Fund Ltd., Hutch Capital Management LLC, and Paul Saunders, Jr.

(b)

Item 2(b). Address of Principal Business Office or, if None, Residence: The principal business address for each of the Reporting Persons is 8401 Patterson Avenue, Suite 202, Richmond, Virginia 23229.

(c)

Item 2(c). Citizenship: See Cover Pages Item 4.

(d)

Item 2(d). Title of Class of Securities: Common Stock, par value $0.01 per share (the " Shares ")

(e)

Item 2(e). CUSIP Number: 20772109 Item 3. If This Statement is Filed Pursuant to Rule 13d-1(b), or 13d-2(b) or (c), Check Whether the Person Filing is a: (a) [ ] Broker or dealer registered under Section 15 of the Exchange Act. (b) [ ] Bank as defined in Section 3(a)(6) of the Exchange Act. (c) [ ] Insurance company defined in Section 3(a)(19) of the Exchange Act. (d) [ ] Investment company registered under Section 8 of the Investment Company Act. (e) [ ] Investment adviser in accordance with Rule 13d-1(b)(1)(ii)(E). (f) [ ] Employee benefit plan or endowment fund in accordance with Rule 13d-1(b)(1)(ii)(F). (g) [ ] Parent holding company or control person in accordance with Rule 13d-1(b)(1)(ii)(G). (h) [ ] Savings association as defined in Section 3(b) of the Federal Deposit Insurance Act. (i) [ ] Church plan that is excluded from the definition of an investment company under Section 3(c)(14) of the Investment Company Act; (j) [ ] Non-U.S. institution in accordance with Section 240.13d-1(b)(1)(ii)(J). (k) [ ] Group, in accordance with Rule 240.13d-1(b)(1)(ii)(K). If filing as a non-U.S. institution in accordance with 240.13d-1(b)(1)(ii)(J), please specify the type of institution: ____ Item 4. (a) Amount beneficially owned: As of February 5, 2024, Hutch Master Fund Ltd. beneficially owned 15,000 Shares. Hutch Capital Management LLC, as the investment manager of Hutch Master Fund Ltd., may be deemed to beneficially own the 15,000 Shares beneficially owned by Hutch Master Fund Ltd.. Paul Saunders, Jr., as the Managing Member of Hutch Capital Management LLC, may be deemed to beneficially own the 15,000 Shares beneficially owned by Hutch Capital Management LLC in addition to 30,000 Shares owned in his personal account. (b) Percent of Class: The following percentage is based on 11,647,096 Shares outstanding as of November 1, 2023, as disclosed in the Issuer's Quarterly Report on Form 10-Q filed on November 8,

SIGNATURES

SIGNATURES After reasonable inquiry and to the best of its knowledge and belief, each of the undersigned certifies that the information with respect to it set forth in this statement is true, complete, and correct. Dated: February 12, 2024 HUTCH MASTER FUND LTD. By: Hutch Capital Management LLC, its investment manager By: /s/ Paul Saunders, Jr. Paul Saunders, Jr., Managing Member HUTCH CAPITAL MANAGEMENT LLC By: /s/ Paul Saunders, Jr. Paul Saunders, Jr., Authorized Person /s/ Paul Saunders, Jr. PAUL SAUNDERS, JR.* *The Reporting Persons disclaim beneficial ownership in the Common Stock reported herein except to the extent of their pecuniary interest therein. The original statement shall be signed by each person on whose behalf the statement is filed or his authorized representative. If the statement is signed on behalf of a person by his authorized representative other than an executive officer or general partner of the filing person, evidence of the representative's authority to sign on behalf of such person shall be filed with the statement, provided, however, that a power of attorney for this purpose which is already on file with the Commission may be incorporated by reference. The name and any title of each person who signs the statement shall be typed or printed beneath his signature. Note. Schedules filed in paper format shall include a signed original and five copies of the schedule, including all exhibits. See s.240.13d-7 for other parties for whom copies are to be sent. Attention. Intentional misstatements or omissions of fact constitute Federal criminal violations (see 18 U.S.C. 1001).

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View this SC 13G/A filing on SEC EDGAR