Following up on stories from June 8 and June 19, 2015 regarding the sale of shares of Patrick Industries, Inc. (NYSE:PATK) by Jeffrey L. Et Al Gendell, wkrb13 informs MHProNews that Gendell sold another 2,700 shares of the company’s stock at $39.05 per share for a net value of $105,435.00. Including his unloading of stock on the two previous occasions, he has sold a total of 75,483 shares of company’s stock for a net take of $3,523,839.

The transaction was disclosed in a filing with the Securities and Exchange Commission (SEC) as required by law in which a shareholder owns ten percent or more of a company’s stock. Based on Gendell’s previous transactions, he continues to hold 2,577,300 shares of Patrick stock.

The company’s 52-week high is $43.25 and its 52-week low is $23.16. The stock’s 50-day moving average is $38.45, very close to its close of $38.15 July 2, 2015. Its 200-day moving average is $36.04.

Patrick manufactures components and distributes building products and supplies to the manufactured housing (MH) and recreational vehicle (RV) industries. Its headquarters are in Elkhart, Indiana. ##

(Image credit: Patrick Industries, Inc.)

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