Renaissance Technologies Discloses Passive Stake in Alpha Pro Tech
Ticker: APT · Form: SC 13G · Filed: Feb 13, 2024 · CIK: 884269
| Field | Detail |
|---|---|
| Company | Alpha Pro Tech LTD (APT) |
| Form Type | SC 13G |
| Filed Date | Feb 13, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, passive-investment, hedge-fund, SC-13G
TL;DR
**Renaissance Technologies just bought into Alpha Pro Tech, signaling institutional interest.**
AI Summary
Renaissance Technologies LLC, a prominent quantitative hedge fund, filed an SC 13G on February 13, 2024, disclosing a passive ownership stake in Alpha Pro Tech, Ltd. (APT). This filing indicates that Renaissance Technologies held a position as of December 31, 2023, and the event requiring this filing occurred on January 27, 2023. This matters to investors because it reveals a significant institutional investor's interest in APT, potentially signaling a vote of confidence in the company's future prospects, which could influence other investors.
Why It Matters
A major quantitative hedge fund, Renaissance Technologies, has taken a position in Alpha Pro Tech, which could be seen as a positive signal by the market.
Risk Assessment
Risk Level: low — This filing is a passive disclosure of ownership and does not indicate any immediate risks or changes to company operations.
Analyst Insight
An investor might consider researching Alpha Pro Tech's fundamentals and recent performance to understand why a sophisticated fund like Renaissance Technologies would take a position, but should not solely rely on this filing as a buy signal.
Key Players & Entities
- Renaissance Technologies LLC (company) — filer of the SC 13G, reporting beneficial ownership
- Alpha Pro Tech, Ltd. (company) — the subject company in which shares are owned
- January 27, 2023 (date) — date of the event requiring the filing
- February 13, 2024 (date) — date the SC 13G was filed
- December 31, 2023 (date) — fiscal year end for the subject company and filer
Forward-Looking Statements
- Other institutional investors may take a closer look at Alpha Pro Tech due to Renaissance Technologies' disclosed stake. (Alpha Pro Tech, Ltd.) — medium confidence, target: Within 3-6 months
FAQ
What type of filing is this document?
This document is an SC 13G filing, specifically filed under Rule 13d-1(b), indicating a passive beneficial ownership stake.
Who is the subject company of this filing?
The subject company is Alpha Pro Tech, Ltd., with CIK 0000884269 and CUSIP 020772109.
Who is the entity filing this SC 13G?
The entity filing this SC 13G is Renaissance Technologies LLC, with CIK 0001037389.
What is the 'Date of Event Which Requires Filing of this Statement'?
The 'Date of Event Which Requires Filing of this Statement' is January 27, 2023.
What is the par value of Alpha Pro Tech, Ltd.'s Common Stock mentioned in the filing?
The par value of Alpha Pro Tech, Ltd.'s Common Stock is $0.01.
Filing Details
This Form SC 13G (Form SC 13G) was filed with the SEC on February 13, 2024 regarding ALPHA PRO TECH LTD (APT).