Insider Selling: General Finance major shareholder Sells 4,193 Shares of Stock (GFN)
General Finance (NYSE:GFN) major shareholder Neil Gagnon unloaded 4,193 shares of General Finance stock on the open market in a transaction dated Wednesday, May 28th. The stock was sold at an average price of $8.80, for a total value of $36,898.40. Following the sale, the insider now directly owns 3,604,903 shares in the company, valued at approximately $31,723,146. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Major shareholders that own more than 10% of a company’s shares are required to disclose their transactions with the SEC.
Shares of General Finance (NYSE:GFN) opened at 8.98 on Friday. General Finance has a 52 week low of $4.03 and a 52 week high of $9.37. The stock’s 50-day moving average is $8.56 and its 200-day moving average is $7.1. The company has a market cap of $229.8 million and a P/E ratio of 65.91.
General Finance (NYSE:GFN) last issued its quarterly earnings data on Monday, May 12th. The company reported $0.04 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.05 by $0.01. The company had revenue of $65.70 million for the quarter, compared to the consensus estimate of $64.98 million. During the same quarter last year, the company posted $0.03 earnings per share. On average, analysts predict that General Finance will post $0.18 earnings per share for the current fiscal year.
A number of research firms have recently commented on GFN. Analysts at Zacks downgraded shares of General Finance from an “outperform” rating to a “neutral” rating in a research note on Wednesday, May 14th. They now have a $9.40 price target on the stock. Separately, analysts at B. Riley raised their price target on shares of General Finance from $9.50 to $11.75 in a research note on Tuesday, May 13th. One analyst has rated the stock with a hold rating and two have issued a buy rating to the stock. General Finance currently has a consensus rating of “Buy” and an average price target of $9.27.
General Finance Corporation (NYSE:GFN) is a holding company that acquires and operates for businesses in the mobile storage container and modular space (portable services) industries.
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