Continuing a pattern set in motion Nov. 2014, one which MHProNews has reported on numerous times since, Jeffrey L. et al Gendell (a.k.a. Jeffrey Gendell) unloaded 66,753 more shares of Patrick Industries, Inc. stock, as told by dakotafinancialnews. According to a filing with the Securities and Exchange Commission, required of major shareholders, the shares were sold at an average of $40.52 for a net transaction of $2,704,831.56.

Based on MHProNews‘ last post Dec. 8, 2015, by our tally Gendell has now sold 304,152 shares of Patrick (NASDAQ:PATK) with a total value of nearly $13 million. At last count, he continues to hold over two million shares of Patrick.

Company earnings for the last reported quarter indicate Patrick beat the Thomson Reuters consensus estimate of $0.55 by $0.03. The stock closed up +1.27 percent on Dec. 21, 2015 at $39.68.

Patrick Industries, Inc. is a component supplier to the manufactured home and recreational vehicle industries. ##

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