General Finance Co. (GFN) Major Shareholder Neil Gagnon Sells 5,690 Shares
General Finance Co. (NASDAQ:GFN) major shareholder Neil Gagnon sold 5,690 shares of General Finance stock in a transaction dated Monday, April 17th. The stock was sold at an average price of $5.05, for a total value of $28,734.50. Following the transaction, the insider now owns 965,078 shares of the company’s stock, valued at approximately $4,873,643.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.
Neil Gagnon also recently made the following trade(s):
- On Wednesday, January 18th, Neil Gagnon sold 1,442 shares of General Finance stock. The stock was sold at an average price of $5.00, for a total value of $7,210.00.
General Finance Co. (NASDAQ:GFN) traded down 1.98% during trading on Tuesday, reaching $4.95. The company had a trading volume of 5,902 shares. General Finance Co. has a one year low of $3.99 and a one year high of $5.90. The company has a 50-day moving average price of $5.10 and a 200 day moving average price of $4.85. The company’s market capitalization is $130.45 million.
General Finance (NASDAQ:GFN) last announced its quarterly earnings data on Monday, February 6th. The business services provider reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.04) by $0.02. General Finance had a negative net margin of 2.27% and a negative return on equity of 0.18%. The firm had revenue of $72.33 million for the quarter, compared to analyst estimates of $75.55 million. Analysts expect that General Finance Co. will post ($0.21) earnings per share for the current year.
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A hedge fund recently bought a new stake in General Finance stock. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of General Finance Co. (NASDAQ:GFN) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm acquired 19,500 shares of the business services provider’s stock, valued at approximately $108,000. Raymond James Financial Services Advisors Inc. owned approximately 0.07% of General Finance at the end of the most recent quarter. Institutional investors and hedge funds own 12.56% of the company’s stock.
A number of research firms recently commented on GFN. Singular Research began coverage on General Finance in a report on Tuesday, February 21st. They set a “buy” rating and a $9.20 price target for the company. Zacks Investment Research upgraded General Finance from a “sell” rating to a “hold” rating in a report on Tuesday, February 28th.
About General Finance
General Finance Corporation is a specialty rental services company. The Company offers a range of portable storage units, including its core 20-feet and 40-feet steel containers, office container, mobile office and modular space products and steel tanks. It has two geographic areas that include its four operating segments: the Asia-Pacific area, consisting of the leasing operations of Royal Wolf Holdings Limited and its Australian and New Zealand subsidiaries (Royal Wolf), and North America, consisting of the combined leasing operations of Pac-Van, Inc and its Canadian subsidiary, PV Acquisition Corp.
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