General Finance major shareholder Sells $19,599 in Stock (GFN)
General Finance (NYSE:GFN) major shareholder Neil Gagnon sold 2,085 shares of General Finance stock on the open market in a transaction dated Thursday, June 12th. The shares were sold at an average price of $9.40, for a total value of $19,599.00. Following the completion of the sale, the insider now directly owns 3,600,074 shares of the company’s stock, valued at approximately $33,840,696. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
A number of analysts have recently weighed in on GFN shares. 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 equities research analyst has rated the stock with a hold rating and two have issued a buy rating to the company’s stock. General Finance presently has an average rating of “Buy” and a consensus target price of $9.27.
Shares of General Finance (NYSE:GFN) traded down 2.24% on Friday, hitting $9.15. 52,319 shares of the company’s stock traded hands. General Finance has a 52-week low of $4.45 and a 52-week high of $9.89. The stock’s 50-day moving average is $8.8 and its 200-day moving average is $7.44. The company has a market cap of $234.1 million and a P/E ratio of 70.91.
General Finance (NYSE:GFN) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.04 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.03 earnings per share. Analysts expect that General Finance will post $0.18 EPS for the current fiscal year.
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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