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Home > Business, Company News, Manufactured Homes, News Item, Stocks > Drew Draws Stakeholders while Neighbor Patrick Insider Sells Stock

Drew Draws Stakeholders while Neighbor Patrick Insider Sells Stock

March 25th, 2016

stock market spelled   with bear money controlMHProNews has learned from financial-market-news that Amerprise Financial Inc. increased its stake in Drew Industries, Inc. (NYSE:DW) by 5.6 percent as of 12-31-2015, adding 12,306 shares of company stock, and now owns 233,706 shares. Its stake of 0.97 percent ownership is valued at $14,230,000 as of the end of Q4 2015.

Hedge fund K. J. Harrison & Partners Inc. raised its stake in Drew by $323,000, and 1st Global Advisors now owns 6,935 shares of Drew valued at $422,000.

American International Group Inc. owns 17,551 shares of Drew’s stock after buying 188 additional shares, for a total valuation of $1,069,000, while the state of Tennessee Treasury Dept. added shares during the 4th quarter to increase its stake to $1,126,000.

Finally, Morgan Stanley purchased 16,059 shares of Drew in the last quarter, raising its stake by 283.5 percent. It now owns 21,724 shares with a value of $1,323,000.

Meanwhile, practically next door to Drew in Elkhart, Indiana, Patrick Industries, Inc. (NASDAQ:PATK) insider Jeffrey Et Al Gendell sold 8,424 shares of Patrick stock at an average price of $46.16 per share for a total transaction of $388,851.84. In trading Thurs., march 24, Drew closed up +1.36 percent at $62.71.

Both Drew and Patrick are component suppliers to the manufactured housing industry. ##

(Image credit: bearmoneycontrol)

matthew-silver-daily-business-news-mhpronews-comArticle submitted by Matthew J. Silver to Daily business News-MHProNews.


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