Click here to send MH news, tips, links, documents, facts
or factory-built housing related news story suggestions.

Home > Business, Company News, Legal, Manufactured Homes, News Item, RV, Stocks > Gendell Unloads More Patrick Stock for $1.48 Million

Gendell Unloads More Patrick Stock for $1.48 Million

July 23rd, 2015

bull    marketsigns  creditIn a pattern that MHPronews has reported at least five times going back to Nov. 7, 2014, dakotafinancialnews reports Patrick Industries (NASDAQ:PATK) major stockholder Jeffrey Gendell has unloaded another mass of stock, this time 37,901 shares in a transaction dated Friday, July 17, 2015.

According to the Securities and Exchange (SEC) filing, required by law for owners of more than ten percent of a company’s shares, Gendell sold the shares at an average price of $39.23 each, for a net yield of $1,486,856.23.

A component supplier to the manufactured home and recreational vehicle industries, Patrick has a 52-week high of $43.25 and a 52-week low of $23.16. MHProNews includes Patrick in its daily stock report of companies tied to the MH industry. The stock closed today at $38.65, -0.77 percent. ##

(Image credit: marketsigns)

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

Matthew Silver - Reporter at Large
Soheyla Kovach - Support Services
L.A. 'Tony' Kovach - Publisher, Editor and Marketing Director. To submit a news tip, please click here:
Comments are closed.