PATK President-Powersports/Housing Ellis sells 21,452 shares at $110.01; cross-ticker track record shows 100% well-timed 90-day sells, same-ticker history 5 of 5 well-timed at PATK
Ellis Kip B, President-Powersports/Housing at PATRICK INDUSTRIES INC, sold 21,452 shares (14.6% reduction in holdings) at $110.01, generating $2,359,833.70 in proceeds. This sale follows a consistent pattern: his cross-ticker track record shows 6 prior sells with a 90-day well-timed rate of 100.00%, and his same-ticker history at PATK is even more pronounced—all 5 prior sells at PATK were well-timed at the 90-day mark, with an average 90-day post-sale decline of -33.6%. Against the current backdrop of PATK trading at $112.13 (1.7% below the 52-week high of $114.07) and up 26.7% in 90 days, Ellis's sale at $110.01 reflects execution consistent with his historical pattern of selling before subsequent price weakness. The stock's recent 26.7% gain and P/E of 29.59 against modest 7.1% annual revenue growth creates the context in which this experienced executive's seventh disciplined reduction occurs.