Gendell Unloads more Patrick Stock

patrick_ind_logoIn a disclosure filed with the Securities and Exchange Commission (SEC), MHProNews has learned that on Dec. 24, 2015 Jeffrey L. Et Al Gendell unloaded another block of Patrick Industries, Inc. (PATK) stock. The 15,431 shares were sold at an average price of $42.07 for a total value of $645,395.87, according to storminvestor.m

As MHProNews has reported numerous times since Nov. 2014, the last being Dec. 22, 2015 when Gendell sold 66,753 shares of Patrick stock for a net transaction of $2,704,831.56, by our tally he has sold nearly 320,000 shares for a net transaction total of around $13 million. He continues to hold over two million shares of the company’s stock.

Patrick stock ended 2015 at $43.50. The company is a component supplier to the manufactured home and recreational vehicle industries. ##

(Image credit: Patrick Industries, Inc.)

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


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