In 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. ##
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Article submitted by Matthew J. Silver to Daily Business News-MHProNews.