Rk Capital Management buys $22.7 Million stake in Patrick Industries (PATK)

Patrick Industries (PATK) : Rk Capital Management scooped up 8,529 additional shares in Patrick Industries during the most recent quarter end , the firm said in a disclosure report filed with the SEC on May 12, 2016. The investment management firm now holds a total of 466,806 shares of Patrick Industries which is valued at $22.7 Million.Patrick Industries makes up approximately 3.84% of Rk Capital Management’s portfolio.

Other Hedge Funds, Including , Victory Capital Management Inc reduced its stake in PATK by selling 860 shares or 54.64% in the most recent quarter. The Hedge Fund company now holds 714 shares of PATK which is valued at $34,715.Manufacturers Life Insurance Company The boosted its stake in PATK in the latest quarter, The investment management firm added 108 additional shares and now holds a total of 8,405 shares of Patrick Industries which is valued at $408,651.Psagot Investment House Ltd. boosted its stake in PATK in the latest quarter, The investment management firm added 7,000 additional shares and now holds a total of 24,500 shares of Patrick Industries which is valued at $1.2 Million. Patrick Industries makes up approx 0.05% of Psagot Investment House Ltd.’s portfolio.Swiss National Bank boosted its stake in PATK in the latest quarter, The investment management firm added 3,500 additional shares and now holds a total of 18,950 shares of Patrick Industries which is valued at $868,100.Shaker Investmentsoh reduced its stake in PATK by selling 9,625 shares or 51.96% in the most recent quarter. The Hedge Fund company now holds 8,900 shares of PATK which is valued at $408,065. Patrick Industries makes up approx 0.40% of Shaker Investmentsoh’s portfolio.

Patrick Industries opened for trading at $49.05 and hit $51.42 on the upside on Friday, eventually ending the session at $50.94, with a gain of 4.64% or 2.26 points. The heightened volatility saw the trading volume jump to 1,93,415 shares. Company has a market cap of $778,567 M.

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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