As insisdermonkey tells MHProNews, Cavco was in the portfolio of 12 hedge funds at the end of 2015, but in 16 at the end of March, 2016. Third Avenue Management is the largest hedge fund in Cavco, followed by Jim Simon’s Renaissance Technologies with investment worth $20.5 million.
Other investors who like Cavco are J. Carlo Cannell’s Cannell Capital, Ken Grossman and Glen Schneider’s SG Capital Management, John Osterweis’ Osterweis Capital Management, Jeffrey Gendell’s Tontine Asset Management, Paul Tudor Jones,’ and Cliff Asness’ AQR Capital Management.
Jeffrey Gendell has also been a big player in Patrick Industries, Inc. (NASDAQ:PATK), as MHPronews has posted numerous times, primarily reducing his position in the stock. As fidaily tells MHProNews, as of June 9 Gendell sold 10,000 shares at $53.69 each for a net of $536,900. He now holds $68,451,368.00 worth of Patrick stock.
Meanwhile, CEO Todd M. Cleveland of Patrick just sold 15,000 shares of the stock in a transaction dated June 8, 2016, at an average price of $53.44 for a net transaction of $801,600, leaving him with 433,033 shares valued at $23,141,283.52, according to lmkat.
President Andy Nemeth sold 20,000 shares of company stock on May 26 at a price of $53.00 each, and now holds $3,816,530 worth of Patrick stock.
Executive Vice President Jeff Rodino also sold 10,000 shares on May 26 at $53.01 per share.
Institutional investor Royal Bank of Canada upped its position in Patrick, adding 161,769 shares and now holds 1,885,810 shares with a value of $85,579,000. ##
(Photo credit: neurolog-kielce–electronic trading board)
