Insiders Busy Trading Patrick Industries as it Joins S&P SmallCap 600

Patrick_Industries__insideindianabusiness__credit postedDailyBusinessNewsMHProNewsIn insider trading at Patrick Industries, Inc. (NASDAQ:PATK), Capital Partners L. P. Tontine, Director sold $1,781,470 worth of company shares at an average price of $61.43 on August 12th, and now holds $75,647,298 of stock per an SEC filing on Aug. 16, according to fidaily.

Director Walter E. Wells owns $3,073,127 of PATK stock after selling 2,000 shares at an average price of $62.84 on Wed. Aug. 3, according to a filing with the Securities and Exchange Commission.

MHProNews has been documenting Jeffrey L. Et Al Gendell’s sale of Patrick stock for over a year. He recently sold another $773,613 worth of shares at an average price of $53.36, leaving Gendell with stock valued at $67,257,025.

American Century Companies Inc. added 1,791 shares to its portfolio, increasing the value of its holdings from $2,357,000 to $3,238,000.

Price T Rowe Associates Inc /md/ added to its position in Patrick by buying 80,350 shares, an increase of 77.2% as of the end of Q2, and now holds 184,390 shares valued at $11,117,000.

In trading today, Patrick topped the MH-related stocks as reported by MHProNews, advancing 5.98 percent to $63.09.

Meanwhile, spice-indies reports Patrick will replace Dycom Industries in the S&P SmallCap 600 after the close of trading on Thursday, August 18, 2016.

Dycom is replacing FirstMerit Corp. in the S&P SmallCap 400 since S&P 500 constituent

Huntington Bancshares Inc.(NASD:HBAN) finalized a deal today acquiring FirstMerit.

Patrick manufactures and distributes building products and materials to the manufactured home and recreational vehicle industries. ##

(Photo credit: insideindianabusiness)

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

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