General Finance Corporation (GFN) Major Shareholder Sells $23,635.00 in Stock

General Finance Corporation (GFN) Major Shareholder Sells $23,635.00 in Stock

General Finance Corporation (NASDAQ:GFN) major shareholder Neil Gagnon sold 4,727 shares of General Finance Corporation stock in a transaction dated Tuesday, January 17th. The shares were sold at an average price of $5.00, for a total value of $23,635.00. Following the sale, the insider now owns 965,078 shares of the company’s stock, valued at approximately $4,825,390. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Neil Gagnon also recently made the following trade(s):

Shares of General Finance Corporation (NASDAQ:GFN) traded up 1.00% during trading on Wednesday, reaching $5.05. The company’s stock had a trading volume of 23,338 shares. The stock’s market cap is $132.75 million. General Finance Corporation has a 12-month low of $3.50 and a 12-month high of $5.90. The company has a 50 day moving average of $5.02 and a 200-day moving average of $4.48.

General Finance Corporation (NASDAQ:GFN) last released its quarterly earnings data on Monday, November 7th. The company reported ($0.08) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by $0.01. General Finance Corporation had a positive return on equity of 0.22% and a negative net margin of 1.92%. Analysts forecast that General Finance Corporation will post ($0.18) EPS for the current year.

A number of brokerages recently weighed in on GFN. DA Davidson reissued a “buy” rating and set a $6.00 price objective on shares of General Finance Corporation in a report on Tuesday, November 8th. Zacks Investment Research raised General Finance Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, November 9th.

About General Finance Corporation

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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