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.)
