Sold at an average price of $41.19 per share, the sale yielded a total value of $790,848.00. As MHProNews reported Aug. 20, 2015, Gendell has been selling off Patrick stock since Nov., 2014, and adding today’s total, he has sold approximately 100,000 shares of the stock for a value of $4.54 million. In yesterday’s trading, Patrick gained +4.18 percent to close at $42.63.
The stock has a market cap of $658.68 million and a PE ratio of 18.73, with a 50-day moving average price of $41.35, and a 200-day moving average price of $39.63. Patrick has a one-year low of $23.16 and a one-year high of $47.38.
CL King upgraded Patrick Industries from a “buy” rating to a “strong-buy” rating and set a $51.00 price objective on the stock. Patrick is a manufacturer of components and distributor of building products and materials supplier to the manufactured housing and recreational vehicle industries. ##
(Photo credit:elkharttruth/Emily Pfund–headquarters of Patrick Industries, Inc.)
