According to a required filing with the Securities and Exchange Commission (SEC), Tontine Capital Partners LP disclosed that it has a 9.3 percent stake in the common stock of Elkhart, IN-based Patrick Industries, Inc. (NASDAQ:PATK). Tontine currently owns 1,439,778 shares of stock valued at $60,225,914, as reported by dakotfinancialnews.

Other parties listed on the disclosure include Tontine Capital Management, LLC, Tontine Capital Overseas Master Fund II, LP, Tontine Asset Associates, LLC, Tontine Associates, LLC and Jeffrey L Gendell.

As MHProNews last reported Dec. 12, 2015, Tontine Capital Partners, LP sold 78,959 shares of Patrick at $40.70 per share for a net transaction of $3,213,830. In the short trading session today, Dec. 24, 2015, Patrick closed up +0.28 points, +0.67 percent at $42.11.

Patrick is a component supplier to the manufactured housing and recreational vehicle industries. ##

(Photo credit: House Financial Services)

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