Insider Sale at Patrick Industries (PATK) Continues Selling Trend
10:20 PM EDT, 05/10/2021 (MT Newswires) -- An insider -- Andy L Nemeth, Director and Officer -- disposed of 12,000 shares of Patrick Industries having a market value of approximately $1,148,500 today, as revealed in a form 4 document filed with the SEC. There have been 3 insiders with buy/sell transactions in the past 90 days prior to this filing. All of these trades have been sales resulting in the disposition of 87,191 company shares. Adding the most recent activity to this 90-day history indicates insider trades have seen net sales of 99,191 shares and have averaged 24,798 shares per transaction over this time period.
Over the last 90 days, the number of insider buy/sell trades at Patrick Industries is higher than its 4-company peer group average. The Doors & Window Frames peer group saw 13 buy/sell trades during this period for an average of 3.3 transactions per company. However, the number of shares traded per transaction by Patrick Industries insiders is lower than its peers. Within the peer group there were 0 shares purchased and 8,118,127 shares sold with company insiders disposing of 624,471 shares on average over this time period.
Significant insider buying and selling activity has been determined by eliminating all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers in data sourced in creating and writing this story.
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.