A major shareholder of Patrick Industries, Inc. (NASDAQ:PATK), Tontine Capital Partners L. P, sold 36,552 shares of Patrick in a transaction dated Friday, Aug. 14 for $39.11 per share for a net value of $1,429,548.72, according to a filing with the Securities and Exchange Commission.
In its last report of earnings, on July 30 Patrick reported its earnings per share for Q2 at $0.78, beating analysts consensus estimate of $0.73 by $0.05, reports dakotafinancialnews. The firm earned $233.50 million during the quarter, compared to the consensus estimate of $239.80 million. Patrick’s stock closed down -$1.19 in today’s trading at $38.97. The company’s stock has a one-year low of $23.16 and a one-year high $43.25, as MHProNews has learned.
Based in Elkhart, Indiana, Patrick is a component supplier to the manufactured housing and recreational vehicle industries. ##
(Image credit: Patrick Industries, Inc.)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.