Patrick Industries major shareholder Unloads $490,820 in Stock (PATK)
Patrick Industries (NASDAQ:PATK) major shareholder Jeffrey L. Et Al Gendell sold 11,500 shares of the stock on the open market in a transaction dated Monday, August 18th. The stock was sold at an average price of $42.68, for a total transaction of $490,820.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Patrick Industries (NASDAQ:PATK) traded up 0.37% during mid-day trading on Tuesday, hitting $43.13. 39,957 shares of the company’s stock traded hands. Patrick Industries has a 1-year low of $24.51 and a 1-year high of $48.10. The stock has a 50-day moving average of $43.91 and a 200-day moving average of $41.34. The company has a market cap of $456.4 million and a price-to-earnings ratio of 17.33.
Patrick Industries (NASDAQ:PATK) last posted its quarterly earnings results on Tuesday, July 29th. The company reported $0.86 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.82 by $0.04. On average, analysts predict that Patrick Industries will post $2.75 earnings per share for the current fiscal year.
Patrick Industries, Inc (NASDAQ:PATK) is a manufacturer of component products and distributor of building products and materials to the recreational vehicle (RV) and manufactured housing (MH) industries.
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