General Finance Corporation (GFN) Major Shareholder Neil Gagnon Sells 3,945 Shares
General Finance Corporation (NASDAQ:GFN) major shareholder Neil Gagnon sold 3,945 shares of General Finance Corporation stock in a transaction dated Monday, August 28th. The stock was sold at an average price of $4.75, for a total value of $18,738.75. Following the transaction, the insider now directly owns 957,493 shares in the company, valued at $4,548,091.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.
Neil Gagnon also recently made the following trade(s):
- On Friday, June 30th, Neil Gagnon sold 24,832 shares of General Finance Corporation stock. The stock was sold at an average price of $5.03, for a total value of $124,904.96.
Shares of General Finance Corporation (NASDAQ:GFN) traded up 1.08% during midday trading on Thursday, hitting $4.70. The stock had a trading volume of 52,310 shares. General Finance Corporation has a one year low of $4.00 and a one year high of $5.90. The firm’s 50-day moving average is $4.79 and its 200 day moving average is $4.98. The company’s market capitalization is $124.27 million.
A number of equities analysts recently weighed in on GFN shares. Zacks Investment Research cut General Finance Corporation from a “hold” rating to a “sell” rating in a research note on Monday, May 15th. ValuEngine raised General Finance Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd.
A number of institutional investors have recently bought and sold shares of GFN. Citadel Advisors LLC acquired a new position in shares of General Finance Corporation during the second quarter valued at about $134,000. Renaissance Technologies LLC raised its stake in shares of General Finance Corporation by 160.9% in the fourth quarter. Renaissance Technologies LLC now owns 28,696 shares of the business services provider’s stock worth $159,000 after buying an additional 17,696 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of General Finance Corporation by 50.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 29,400 shares of the business services provider’s stock worth $150,000 after buying an additional 9,900 shares in the last quarter. Finally, Gagnon Securities LLC purchased a new stake in shares of General Finance Corporation during the second quarter worth $10,892,000. Hedge funds and other institutional investors own 19.23% of the company’s stock.
About General Finance Corporation
General Finance Corporation is a specialty rental services company. The Company offers a range of portable storage units, including its core 20-feet and 40-feet steel containers, office container, mobile office and modular space products and steel tanks. It has two geographic areas that include its four operating segments: the Asia-Pacific area, consisting of the leasing operations of Royal Wolf Holdings Limited and its Australian and New Zealand subsidiaries (Royal Wolf), and North America, consisting of the combined leasing operations of Pac-Van, Inc and its Canadian subsidiary, PV Acquisition Corp.
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