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Gendell Unloads More Patrick Stock for $1.48 Million

bull    marketsigns  creditIn a pattern that MHPronews has reported at least five times going back to Nov. 7, 2014, dakotafinancialnews reports Patrick Industries (NASDAQ:PATK) major stockholder Jeffrey Gendell has unloaded another mass of stock, this time 37,901 shares in a transaction dated Friday, July 17, 2015.

According to the Securities and Exchange (SEC) filing, required by law for owners of more than ten percent of a company’s shares, Gendell sold the shares at an average price of $39.23 each, for a net yield of $1,486,856.23.

A component supplier to the manufactured home and recreational vehicle industries, Patrick has a 52-week high of $43.25 and a 52-week low of $23.16. MHProNews includes Patrick in its daily stock report of companies tied to the MH industry. The stock closed today at $38.65, -0.77 percent. ##

(Image credit: marketsigns)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily Business News-MHProNews.

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