Insider Selling: General Finance Corp Major Shareholder Sells 48,345 Shares of Stock (GFN)
General Finance Corp (NYSE:GFN) major shareholder Neil Gagnon sold 48,345 shares of General Finance Corp stock in a transaction dated Tuesday, September 24th. The stock was sold at an average price of $5.57, for a total value of $269,281.65. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Several analysts have recently commented on the stock. Analysts at B. Riley raised their price target on shares of General Finance Corp (NYSE:GFN) from $6.90 to $8.50 in a research note to investors on Thursday, September 19th. They now have a “buy” rating on the stock. Separately, analysts at Sterne Agee initiated coverage on shares of General Finance Corp (NYSE:GFN) in a research note to investors on Wednesday, August 7th. They set a “buy” rating and a $4.92 price target on the stock. Finally, analysts at Sidoti initiated coverage on shares of General Finance Corp (NYSE:GFN) in a research note to investors on Friday, June 28th. They set a “buy” rating on the stock.
General Finance Corp (NYSE:GFN) traded down 4.12% during mid-day trading on Tuesday, hitting $5.35. The stock had a trading volume of 221,652 shares. General Finance Corp has a 1-year low of $3.75 and a 1-year high of $5.98. The stock has a 50-day moving average of $4.9 and a 200-day moving average of $4.66. The company has a market cap of $130.2 million and a price-to-earnings ratio of 34.88.
General Finance Corp (NYSE:GFN) last issued its quarterly earnings data on Monday, September 9th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by $0.03. The company had revenue of $65.00 million for the quarter, compared to the consensus estimate of $62.55 million. On average, analysts predict that General Finance Corp will post $0.19 earnings per share for the current fiscal year.
General Finance Corporation (NYSE:GFN), through its subsidiaries Pac-Van, Inc (Pac-Van) and GFN Australasia Holdings Pty Limited (Royal Wolf), leases and sells storage container products, modular buildings and mobile offices through 24 customer service centers (CSCs), in Australia and New Zealand and 25 branch locations across 18 states in the United States.
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