Patriot Transportation Holding, Inc. (PATI) Major Shareholder Acquires $69,184.50 in Stock
Patriot Transportation Holding, Inc. (NASDAQ:PATI) major shareholder John D. Baker II purchased 3,850 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The stock was acquired at an average price of $17.97 per share, for a total transaction of $69,184.50. Following the completion of the purchase, the insider now owns 4,000 shares of the company’s stock, valued at $71,880. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Patriot Transportation Holding, Inc. (NASDAQ PATI) traded up 3.35% during mid-day trading on Monday, hitting $18.50. The company had a trading volume of 10,157 shares. The stock’s 50 day moving average price is $20.00 and its 200 day moving average price is $22.48. The firm has a market cap of $61.11 million, a P/E ratio of 13.14 and a beta of -0.12. Patriot Transportation Holding, Inc. has a 52-week low of $17.60 and a 52-week high of $27.32.
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Separately, TheStreet upgraded Patriot Transportation Holding from a “c” rating to a “b-” rating in a research note on Friday, March 3rd.
About Patriot Transportation Holding
Patriot Transportation Holding, Inc operates as a regional tank truck. The Company conducts its business through its subsidiary, Florida Rock & Tank Lines, Inc Its business consists of hauling petroleum related products, and dry bulk commodities and liquid chemicals. The Company operates terminals in Florida, Georgia, Alabama, South Carolina, North Carolina and Tennessee.
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