Monday, October 30, 2017 10:15 PM ET
Insider Sale at Patrick Industries (PATK) Continues Selling Trend
A SEC filing today indicated a notable insider sale of Patrick Industries shares as — Jeffrey L Gendell, Director — disposed of 25,000 shares in the company having a market value of approximately $2,238,797. There have been 7 insiders with buy/sell transactions in the past 90 days prior to this filing. These trades have resulted in the acquisition of 42 company shares and the sale of 133,520 company shares over this time period. Adding the most recent activity to this 90-day history indicates insider trades have been net sales of 158,478 shares and have averaged 19,820 shares per transaction over this time period.
Patrick Industries insider trading represents a higher number of buy/sell trades than for the 4 peer company average over the last 90-day period. The Doors & Window Frames peer group saw 18 buy/sell trades during this period for an average of 4.5 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 150,736 shares sold with company insiders disposing of 8,289 shares on average.
In order to focus on significant insider buying and selling activity, 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 has been eliminated data obtained to compose and write this story.
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