Following the continuing story of Jeffrey L. Et Al Gendell’s dumping of Patrick Industries’ stock since Nov. 2014, dakotafinancialnews reports he sold another 57,399 shares of Patrick on Fri., Dec. 4 at an average price of $42.49 for a net transaction of $2,438,883.51, as disclosed in a legal filing with the Securities and Exchange Commission. Shareholders who own over ten percent of a company stock are required to disclose their transactions with the SEC.

As MHProNews reported Nov. 18, 2015, by our tally Gendell has unloaded 180,000 shares of Patrick stock, and with this latest sell-off, his total is 237,399 shares sold for a total of about $10.28 million. He continues to hold 2,512,601 shares of stock.

Analysts predict Patrick will post earnings per share of $2.50 this year. In trading today, Patrick stock slipped -0.71 to close at $40.72.

Patrick Industries manufactures and supplies building products and materials to the manufactured housing and recreational vehicle industries. ##

(Photo credit:elkharttruth/Emily Pfund-Patrick headquarters in Elkhart, Indiana)

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