Following a continuing saga of Jeffrey L. Gendell unloading shares of Patrick Industries, Inc., as MHProNews reported Oct. 8, when he sold 19,200 shares earlier in the week, he has sold more, according to a filing with the Securities and Exchange Commission (SEC), as reported by dakotafinancialnews. Any transaction involving someone who owns over ten percent of a company stock must be reported to the SEC.
In a transaction dated Oct. 7, Gendell unloaded 79,218 shares of the firm’s stock at an average price of $41.71, for a total value of $3,304,182.78. Our tally indicates he has sold about 180,000 shares for a total take of $7.84 million since Nov. 2014. Patrick is a component supplier to the manufactured housing industry. ##
(Image credit: Patrick Industries)
Article submitted by Matthew J. Silver to Daily Business News-MHProNews.
