While Patrick has lost 2.57 percent during the last week and dropped 5.53 percent in the last four weeks, according to insidertradingreport, the company shares have rallied 31.66 percent in the last 52 weeks. A one-year high of the stock hit $43.25 on April 30, 2015, and a one-year low of $23.16 occurred Oct. 15, 2014. The company’s market cap is $557 million.
As MHProNews has reported on several occasions in recent months, major stockholder Jeffrey L Gendell has sold a total of 113,384 shares of stock for a net of $3,418,404.23, as reported by filings with the SEC. Institutional investors own 80.5 percent of Patrick’s shares, while insiders hold 5.7 percent.
Patrick is a manufacturer of components and distributor of building materials and supplies to the manufactured housing and recreational vehicle industries. ##
(Image credit: Patrick Industries, Inc.)
