According to a document filed with the Securities and Exchange Commission, MHProNews has learned from dakotafinancialnews Jeffrey L. Et Al Gendell has sold another block of Patrick Industries, Inc. (NASDAQ:PATK) stock. As recorded Dec. 29, 25,000 shares were sold at an average price of $43.01, for a total transaction value of $1,075,250.00.
As MHProNews reported Jan. 1, 2016, Gendell unloaded another 15,431 shares of Patrick for a value of $645,395.87. By our figures he has sold some 345,000 shares of stock for an estimated value of over $14 million, beginning Nov. of 2014.
The stock has a 52-week low of $27.07 and a 52-week high of $48.00. Patrick has a market capitalization of $676.56 million and a PE ratio of 18.05.
The company, headquartered in Elkhart, Indiana, is a component supplier to the manufactured housing and recreational vehicle industries. ##
(Graphic credit:dakotafinancialnews–200 day movement of Patrick stock)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.