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Insider Trends: 90-Day Insider Selling Trend Prolonged at Patrick Industries

05/07/2021 17:02

08:52 PM EDT, 05/07/2021 (MT Newswires) -- On May 05, 2021, Andy L Nemeth, Director and President & CEO, executed a sale of 12,000 shares in Patrick Industries (PATK) for $1,148,500. After the Form 4 filing with the SEC, Nemeth owns 254,984 shares of company stock, which have a market value of $24.5 million as of the prior-day closing price.

Over the last 90 days, prior to the date of this filing, there have been 40 insider transactions reported to the SEC for Patrick Industries. These transactions came from the activities of 6 different insiders that resulted in a net acquisition of 9,283 company shares. In the preceding 90-day window of time, there were 23 transactions from 7 insiders which resulted in the net acquisition of 18,279 shares.

This is lower than the average level of insider transactions in the 4-company Doors & Window Frames peer group over the last 90-day period. Activity in the peer group averaged 153.8 transactions per company, and disposition of 3,543,042 shares on average.

SEC Story Link http://www.sec.gov/Archives/edgar/data/76605/000007660521000110/xslF345X03/wf-form4_162043503556375.xml

This report does not constitute a recommendation to purchase or sell any security and the analysts are not registered investment advisors. Further analysis is recommended before undertaking any position in any security. Any risks are solely the responsibility of the buyer/seller. The authors, publishers and distributors of the MT Newswires Live Briefs service and any associates thereof accept no liability for the content or actions taken by anyone or institution utilizing this report.