General Finance major shareholder Neil Gagnon Unloads 17,034 Shares (GFN)
General Finance (NYSE:GFN) major shareholder Neil Gagnon sold 17,034 shares of General Finance stock on the open market in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $9.30, for a total value of $158,416.20. Following the transaction, the insider now directly owns 3,583,040 shares in the company, valued at approximately $33,322,272. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.
Several analysts have recently commented on the stock. 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 assigned a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $9.27.
General Finance (NYSE:GFN) traded down 0.11% during mid-day trading on Wednesday, hitting $9.24. 18,007 shares of the company’s stock traded hands. General Finance has a 52 week low of $4.46 and a 52 week high of $9.89. The stock has a 50-day moving average of $8.89 and a 200-day moving average of $7.51. The company has a market cap of $236.4 million and a price-to-earnings ratio of 70.08.
General Finance (NYSE:GFN) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the 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 previous 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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.