Friday, September 29, 2017 10:15 PM ET
Insider Sales at Patrick Industries (PATK) Extends the Selling Trend of Last Quarter
A notable level of insider sales in Patrick Industries was reported in form 4 documents filed with the SEC today. Three insiders — Andy L Nemeth, Director and Officer, Todd M Cleveland, Director and Officer, and Jeffrey L Gendell, Director — disposed of 40,942 shares in the company having a market value of approximately $3,408,448. There have been 6 insiders with buy/sell transactions in the past 90 days prior to these filings. These trades have resulted in the purchase of 42 company shares and the disposition of 53,520 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 94,420 shares and have averaged 10,500 shares per transaction over this time period.
The level of buy/sell trading at Patrick Industries is is higher than the 4 peer company average over the last 90-day period. The Doors & Window Frames peer group saw 12 buy/sell trades during this period for an average of 3.0 transactions per company. The number of shares per buy/sell trade for Patrick Industries insiders was also higher. Within the peer group there were 1,542 shares purchased and 70,736 shares sold with company insiders having sold 5,766 shares on average.
The data sourced in evaluating and writing in this story eliminates all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers.
Today’s Insider Activity
* Andy L Nemeth, Director and Officer, sold 7,000 shares
* Todd M Cleveland, Director and Officer, sold 10,000 shares
* Jeffrey L Gendell, Director, sold 23,942 shares
Using proprietary Natural Language Generation (NLG) technology, UpTick evaluates corporate insider filings reported to the SEC and creates real-time news and analysis to report the most significant insider transactions based on transaction type, size and historical trends.
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