Insider Selling: Jeffrey L. Et Al Gendell Sells 2,829 Shares of Patrick Industries Stock (PATK)
Patrick Industries (NASDAQ:PATK) major shareholder Jeffrey L. Et Al Gendell sold 2,829 shares of the company’s stock in a transaction that occurred on Friday, August 22nd. The stock was sold at an average price of $42.19, for a total value of $119,355.51. 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 transactions with the SEC.
Shares of Patrick Industries (NASDAQ:PATK) traded down 4.48% during mid-day trading on Monday, hitting $40.12. 63,432 shares of the company’s stock traded hands. Patrick Industries has a 1-year low of $25.31 and a 1-year high of $48.10. The stock’s 50-day moving average is $43.30 and its 200-day moving average is $41.57. The company has a market cap of $424.6 million and a price-to-earnings ratio of 16.94.
Patrick Industries (NASDAQ:PATK) last announced its earnings results on Tuesday, July 29th. The company reported $0.86 earnings per share for the quarter, beating the 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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