Insider Selling: Jeffrey L. Et Al Gendell Sells 2,100 Shares of Patrick Industries Stock (PATK)
Patrick Industries (NASDAQ:PATK) major shareholder Jeffrey L. Et Al Gendell sold 2,100 shares of the stock in a transaction dated Tuesday, August 19th. The shares were sold at an average price of $43.37, for a total value of $91,077.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Shares of Patrick Industries (NASDAQ:PATK) traded up 0.21% during mid-day trading on Thursday, hitting $42.09. 64,186 shares of the company’s stock traded hands. Patrick Industries has a one year low of $25.31 and a one year high of $48.10. The stock has a 50-day moving average of $43.55 and a 200-day moving average of $41.38. The company has a market cap of $445.4 million and a price-to-earnings ratio of 16.94.
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. Analysts expect that Patrick Industries will post $2.75 EPS 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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