Gendell Jeffrey L Lowers stake in Patrick Industries (PATK)

Patrick Industries (PATK) : Gendell Jeffrey L reduced its stake in Patrick Industries by 6.22% during the most recent quarter end. The investment management company now holds a total of 1,299,437 shares of Patrick Industries which is valued at $63.2 Million after selling 86,165 shares in Patrick Industries , the firm said in a disclosure report filed with the SEC on May 13, 2016.Patrick Industries makes up approximately 13.03% of Gendell Jeffrey L’s portfolio.

Other Hedge Funds, Including , D.a. Davidson added PATK to its portfolio by purchasing 850 company shares during the most recent quarter which is valued at $41,327. Trexquant Investment Lp added PATK to its portfolio by purchasing 10,782 company shares during the most recent quarter which is valued at $524,221. Patrick Industries makes up approx 0.06% of Trexquant Investment Lp’s portfolio.Blackrock Group Ltd boosted its stake in PATK in the latest quarter, The investment management firm added 3,015 additional shares and now holds a total of 4,059 shares of Patrick Industries which is valued at $197,349.Blackrock Fund Advisors reduced its stake in PATK by selling 14,364 shares or 4.17% in the most recent quarter. The Hedge Fund company now holds 330,060 shares of PATK which is valued at $16 Million.Opus Capital Group reduced its stake in PATK by selling 65,334 shares or 50.19% in the most recent quarter. The Hedge Fund company now holds 64,843 shares of PATK which is valued at $3 Million. Patrick Industries makes up approx 0.66% of Opus Capital Group’s portfolio.

Patrick Industries closed down -0.31 points or -0.59% at $52.64 with 1,40,628 shares getting traded on Wednesday. Post opening the session at $53, the shares hit an intraday low of $52.23 and an intraday high of $53 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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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