Financial Consulate Inc adds Patrick Industries (PATK) to its portfolio

Patrick Industries (PATK) : Financial Consulate Inc added new position in Patrick Industries during the most recent quarter end. The investment management firm now holds 69,462 shares of Patrick Industries which is valued at $3,315,421 , the company said in a statement filed on Apr 13, 2016 with the SEC.Patrick Industries makes up approximately 2.25% of Financial Consulate Inc’s portfolio.

Patrick Industries closed down -0.15 points or -0.31% at $47.58 with 95,257 shares getting traded on Monday. Post opening the session at $47.72, the shares hit an intraday low of $47.05 and an intraday high of $47.8899 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

Other Hedge Funds, Including , Central Trust Co added PATK to its portfolio by purchasing 791 company shares during the most recent quarter which is valued at $37,754.Creative Planning boosted its stake in PATK in the latest quarter, The investment management firm added 426 additional shares and now holds a total of 478 shares of Patrick Industries which is valued at $21,950.

Many Wall Street Analysts have commented on Patrick Industries. Patrick Industries was Downgraded by CL King to ” Neutral” 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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