Patrick Industries Inc (PATK) Files Form 4 Insider Selling : Andy L Nemeth Sells 10,000 Shares

Patrick Industries Inc (PATK): Andy L Nemeth , President of Patrick Industries Inc sold 10,000 shares on May 16, 2016. The Insider selling transaction was reported by the company on May 18, 2016 to the Securities and Exchange Commission. The shares were sold at $49.18 per share for a total value of $491,800.00 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 4, 2016, Walter E Wells (director) sold 3,000 shares at $45.62 per share price.On Apr 25, 2016, Todd M Cleveland (CEO) sold 30,000 shares at $49.79 per share price.Also, On Mar 10, 2016, Jeff Rodino (EVP-Sales & COO) sold 20,000 shares at $43.87 per share price.On Feb 24, 2016, Courtney Blosser (VP Human Resources) sold 10,799 shares at $41.86 per share price.

Shares of Patrick Industries (PATK) ended Thursday, May 19, 2016 session in red amid volatile trading. The shares closed down -1 points or -2.01% at $48.68 with 1,03,547 shares getting traded. Post opening the session at $49.51, the shares hit an intraday low of $48 and an intraday high of $49.68 and the price vacillated in this range throughout the day. The company has a market cap of $744,025 M and the number of outstanding shares has been calculated to be 15,28,40,00,000 shares. The 52-week high of Patrick Industries is $50.58 and the 52-week low is $29.28.

Patrick Industries Money Flow Index Chart

Company has been under the radar of several Street Analysts.Patrick Industries is Downgraded by CL King to Neutral. Earlier the firm had a rating of Strong Buy on the company shares. The Rating was issued on Mar 31, 2016.

Patrick Industries Inc. is a manufacturer of component products and distributor of building products and materials for the recreational vehicle and manufactured housing industries. It is a supplier to certain other industrial markets such as kitchen cabinet office and household furniture fixtures and commercial furnishings marine and other industrial markets. The Company operates in two segments: Manufacturing and Distribution. The Company manufactures a variety of products including decorative vinyl and paper laminated panels fabricated aluminum products wrapped vinyl paper and hardwood profile moldings solid surface granite and quartz countertops cabinet doors and components hardwood furniture fiberglass bath and shower fixtures fiberglass and plastic component products including front and rear caps and marine helms slide-out trim and fascia interior passage doors exterior graphics and RV painting and slotwall panels and components among others.

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