General Finance major shareholder Sells $19,599 in Stock (GFN)
General Finance (NYSE:GFN) major shareholder Neil Gagnon unloaded 2,085 shares of General Finance stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $9.40, for a total transaction of $19,599.00. Following the completion of the transaction, 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 filing with the Securities & Exchange Commission, which is available at this link. Major shareholders that own 10% or more 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 research analyst has rated the stock with a hold rating and two have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $9.27.
General Finance (NYSE:GFN) opened at 9.32 on Tuesday. General Finance has a one year low of $4.45 and a one year high of $9.89. The stock’s 50-day moving average is $8.8 and its 200-day moving average is $7.49. The company has a market cap of $238.5 million and a price-to-earnings ratio of 68.71.
General Finance (NYSE:GFN) last announced its earnings results 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. 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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