Insider Selling: Jeffrey L. Et Al Gendell Sells 1,200 Shares of Patrick Industries Stock (PATK)
Patrick Industries (NASDAQ:PATK) major shareholder Jeffrey L. Et Al Gendell sold 1,200 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, September 3rd. The stock was sold at an average price of $42.01, for a total transaction of $50,412.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.
Patrick Industries (NASDAQ:PATK) traded up 0.55% during mid-day trading on Thursday, hitting $42.03. The stock had a trading volume of 48,311 shares. Patrick Industries has a 52-week low of $26.74 and a 52-week high of $48.10. The stock’s 50-day moving average is $42.29 and its 200-day moving average is $41.78. The company has a market cap of $444.8 million and a P/E ratio of 16.86.
Patrick Industries (NASDAQ:PATK) last released its earnings data on Tuesday, July 29th. The company reported $0.86 earnings per share for the quarter, beating the analysts’ 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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