Archive

Posts Tagged ‘Securities and Exchange Commission’

Insider Trading at Skyline Corp.

October 24th, 2015 Comments off

skyline logo  credit skyline corpMHProNews has learned from dakotafinancialnews that Richard W. Florea, CEO of Skyline Corp. (NYSE:SKY) purchased 10,000 shares of company stock in a transaction dated Oct. 21, 2015, according to a filing with the Securities and Exchange Commission (SEC). He acquired the stock at an average price of $2.99 per share, for a net of $29,900, and currently owns 11,000 shares.

In trading Friday, Oct. 23, Skyline gained +6.52 percent, more than any of the other MH-related stocks we track, to close out the week at $3.43. The stock has a 50-day moving average of $2.92 and a 200-day moving average of $3.19. The 52-week low for the stock is $2.17 and the 52-week high is $4.30. Market cap for Skyline is $27.02 million.

Skyline produces and markets manufactured and modular homes as well as Park Models and recreational vehicles from its headquarters in Elkhart, Indiana, where it was founded in 1951. ##

(Image credit: Skyline Corp.)

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

Gendell Sheds another Chunk of Patrick Stock

July 3rd, 2015 Comments off

patrick_ind_logoFollowing up on stories from June 8 and June 19, 2015 regarding the sale of shares of Patrick Industries, Inc. (NYSE:PATK) by Jeffrey L. Et Al Gendell, wkrb13 informs MHProNews that Gendell sold another 2,700 shares of the company’s stock at $39.05 per share for a net value of $105,435.00. Including his unloading of stock on the two previous occasions, he has sold a total of 75,483 shares of company’s stock for a net take of $3,523,839.

The transaction was disclosed in a filing with the Securities and Exchange Commission (SEC) as required by law in which a shareholder owns ten percent or more of a company’s stock. Based on Gendell’s previous transactions, he continues to hold 2,577,300 shares of Patrick stock.

The company’s 52-week high is $43.25 and its 52-week low is $23.16. The stock’s 50-day moving average is $38.45, very close to its close of $38.15 July 2, 2015. Its 200-day moving average is $36.04.

Patrick manufactures components and distributes building products and supplies to the manufactured housing (MH) and recreational vehicle (RV) industries. Its headquarters are in Elkhart, Indiana. ##

(Image credit: Patrick Industries, Inc.)

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

Equity LifeStyle Properties’ Director Sheds Stock

June 25th, 2015 Comments off

els california hawaiian, san jose calif  mhvillage  creditDavid J. Contis, a director on the board of Equity LifeStyle Properties, Inc. (NYSE:ELS) sold 5,000 shares of the company’s stock on Tue., June 23 at an average price of $53.65 for a total value of $268,250.00. Disclosed in a filing with the Securities and Exchange Commission (SEC), Contis now owns 22,180 shares of ELS valued at $1,189,857.00.

As MHProNews reported June 23, 2015, the value of the stock has increased +23.05 percent compared to the S&P’s gain of 7.51 percent in the same period. According to dakotafinancialnews, four analysts have issued a hold rating on the stock while two rate it as a buy.

In today’s trading, ELS closed down -0.74 percent at $52.56. The company, a publicly-traded real estate investment trust (REIT) is the largest owner of manufactured home and recreational vehicle communities in North America with 370 communities comprised of nearly 140,000 developed home sites. ##

(Photo credit: Equity LifeStyle Properties, Inc.–California Hawaiian, San Jose, California)

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

Insider Trading at Sun Communities: Randall K. Rowe

June 24th, 2015 Comments off

randall_k_rowe__google_images__june_2015MHProNews has learned that Randall K. Rowe, a member of the board of directors of Sun Communities, Inc. (NYSE:SUI), acquired 25,664 shares of company stock at $50.00 per share June 19, 2015 for a total value of $1,283,200.00, according to a required filing with the Securities and Exchange Commission (SEC). The company stock closed today at $63.33, down -0.19 percent.

Analysts at Zacks issued a buy rating on the stock with a target price of $70.80 in a research note May 1, 2015. Four analysts have rated the stock a hold and one has rated it a buy. Sun has a one-year high of $71.40 and a one-year low of $49.07. Its 50-day moving average is $62. and its 200-day moving average is $64, according to wkrb13.

Sun last issued a quarterly earnings report on April 23, beating the consensus estimate per share by $.04 and the revenue estimate by nine percent.

As MHProNews posted June 5, 2015, the company declared a quarterly distribution of $0.65 per share of common stock for Q2 2015, payable July 17, 2015 to shareholders of record as of June 30, 2015.

The real estate investment trust (REIT) owns and operates 251 manufactured home and recreational vehicle communities comprised of 93,100 developed sites. ##

(Photo credit: Google Images–Randall K. Rowe)

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

Gendell Unloads more Patrick Industries, Inc. Stock

June 8th, 2015 Comments off

patrick_ind_logoMHProNews reported May 25, 2015 that Jeffrey L. Et Al Gendell sold 18,783 shares of Patrick Industries, Inc. (NASDAQ:PATK) stock at an average price of $40.92 for $1,144,260.36.

According to lulegacy, Gendell, a major shareholder of Patrick, sold an additional 48,500 shares on June 3, 2015 for $40.03 per share for a net of $1,942,910.00 according to a Securities and Exchange (SEC) document. Major shareholders owning at least ten percent of a company’s stock are required to record their transactions with the SEC.

Patrick split their stock 3-2 on June 1, 2015. The company has a market cap of $396.49 million and a P/E ratio of 12/35. Patrick, with headquarters with Elkhart, Indiana is a component supplier to the manufactured housing and recreational vehicle industries, and other industrial markets as well. ##.

(Image credit: Patrick Industries, Inc.)

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

ATRM Projects Improved Operations from its Modular Production

May 28th, 2015 Comments off

kbs_building_systems__modular_residential_and_commercial--bgt_by_AetriumMHProNews has learned ATRM Holdings, Inc., (NASDAQ:ATRM) which bought modular manufacturer KBS of Maine in April, 2014, has completed filings to become current with Securities and Exchange Commission (SEC) reporting requirements, and has made operational changes which it says will improve its performance for the remainder of 2015.

Based in St. Paul, Minnesota, at the time of acquiring KBS ATRM divested itself of its test handler product line, its only operating business in Q1 2014, and received $770,000 as its first royalty payment thru Dec. 31, 2014. Future royalty payments are due quarterly, according to virtual-strategy.

ATRM’s president and CEO, Dan Koch, said the company took a loss of $500,000 for Q1 2015 due to the unusually harsh winter weather in the New England area that affected two commercial projects that were in the works at the time it acquired KBS.

Noting the company is working hard to improve operations, Koch said, “Initiatives include selective price increases, organizational streamlining, implementation of standard contracts, and improvements in operating processes, financial reporting, and controls. As we enter the peak season for our business, we believe these initiatives will lead to improved operating results at KBS in future quarters. Koch recently moved to Maine to

The company also exited its underused corporate headquarters in North St. Paul, which will improve cash flow. ATRM’s board chairman, Jeff Eberwein, anticipates the company will generate annual revenues of $40 million from its two facilities in Waterford and South Paris, Maine, where it produces modular housing units for residential and commercial applications. ##

(Photo credit: Aetrium-KBS modular residential building)

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

Insider Trading of MH stock reported, profit taking from current bull run or…?

November 7th, 2014 Comments off

wall-street-bull-patrick-insider-trading-wkrb13-com=credit=posted-daily-business-news-mhpronews-com-A Patrick Industries (NASDAQ:PATK) major shareholder, Jeffrey L. Et Al Gendell, sold 5,869 shares on Wednesday, November 5th. The sales was reported in a legal filing with the Securities & Exchange Commission, as found on this link, and was for an average price of $43.99, for a total transaction of $258,177.31, MHProNews  learned from the Tickler Report  and WKRB13

Patrick is a major supplier to the RV and MH industries.

WKRB stated: “Shares of Patrick Industries (NASDAQ:PATK) traded up 2.76% during mid-day trading on Thursday, hitting $45.00. The stock had a trading volume of 51,862 shares. Patrick Industries has a 52-week low of $26.74 and a 52-week high of $48.10. The stock has a 50-day moving average of $41.26 and a 200-day moving average of $41.65. The company has a market cap of $479.5 million and a price-to-earnings ratio of 16.52.

Patrick is one of the MH connected stocks tracked by MHProNew’s Daily Business News. ##

(Photo credit: WKRB13.)

 

Patrick Industries Files Shareholder Selections with SEC

May 27th, 2014 Comments off

At its annual stockholders meeting Thursday, May 22, 2014, Patrick Industries, Inc. of Elkhart, Indiana said in a filing with the U. S. Securities and Exchange Commission (SEC) the following were named to the board of directors: Terrence D. Brennan, Joseph M. Cerulli, Todd M. Cleveland, John A. Forbes, Paul E. Hassler, Michael A. Kitson, Andy L. Nemeth, Larry D. Renbarger and Walter E. Wells. According to what RVBusiness.com says, the stockholders also increased the number of shares available for the incentive plan, and selected Crowe Horwath as the firm’s accountant for 2014. MHProNews.com understands Patrick is a component supplier to the manufactured housing industry. ##

(Image credit: Patrick Industries, Inc.)

Drew Stockholders Approve Initiatives

May 26th, 2014 Comments off

According to a filing with the U. S. Securities and Exchange Commission (SEC), at the stockholders meeting of Drew Industries, Inc. held May 22, 2014, the following were chosen as the board of directors: Edward W. Rose, lll, Leigh J. Abrams, James F. Gero, Frederick B. Hegi, Jr., David A. Reed, John B. Lowe, Jr., Jason D. Lippert and Brendan J. Deely. In addition, RVBusiness.com reports stockholders approved compensation for the executive officers, agreed to the proposed equity award and incentive plan and signed on with KPMG LLP as the independent auditors for 2014. As MHProNews knows, Drew is a component supplier to the manufactured housing industry. ##

(Image credit: Drew Industries, Inc.)

Leadership Changes at UMH Properties

January 8th, 2014 Comments off

UMH Properties, Inc., a real estate investment trust (REIT) operator of manufactured housing communities, has filed an 8-K disclosure form with the Securities and Exchange Commission (SEC) to report the change of an officer. Allison Nagelberg has served as the General Counsel of UMH and its affiliate, Monmouth Real Estate Investment Corporation (MREIC) since 2000. As of Jan. 1, 2014 Ms. Nagelberg will be employed exclusively by MREIC, and her employment agreement with UMH is canceled. Additionally, as 4-traders.com reports, Craig Koster will assume the responsibilities of general counsel for UMH. As MHProNews knows, UMH Properties owns and operates 74 manufactured housing communities (MHC) comprised of 13,400 developed home sites.

(Photo credit: UMH Properties, Inc.)