Following a series of posts MHProNews has published regarding Jeffrey L Et Al Gendell’s unloading of Patrick Industries, Inc. (PATK) which we have documented since Nov., 2014, this major stockholder has now sold an additional 11,116 shares of Patrick. The shares were sold at an average price of $41.03 for a net transaction of $456,089.48, according to dakotafinancialnews.

Our tally indicates he has sold about 180,000 shares for a total take of $7.84 million since Nov. 2014. As we reported Nov. 18, 2015, according to our tally, Gendell has now sold over 190,000 shares of Patrick stock for just under $8.3 million.

Additionally, Patrick’s CFO Andy Nemeth and CEO Todd Cleveland, and Tontine Capital Partners all engaged in insider trading within the last three weeks. Patrick stock closed up +2.53 percent at 41.36, as MHProNews reported Wed., Nov. 25 in our daily stock report.

Patrick, based in Elkhart, Indiana, is a component supplier to the manufactured home and recreational vehicle industries. ##

(Image credit: neurolog-kielce1–electronic stock exchange board)

Article submitted by Matthew J. Silver to Daily Business News-MHProNews.