Whittier Trust Co. Holds Position in General Finance Corporation (NASDAQ:GFN)
Whittier Trust Co. maintained its stake in shares of General Finance Corporation (NASDAQ:GFN) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 62,459 shares of the business services provider’s stock at the end of the second quarter. Whittier Trust Co. owned approximately 0.24% of General Finance Corporation worth $322,000 at the end of the most recent reporting period.
Separately, Raymond James Financial Services Advisors Inc. increased its position in 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 valued at $150,000 after buying an additional 9,900 shares during the last quarter. 19.30% of the stock is currently owned by institutional investors and hedge funds.
General Finance Corporation (GFN) traded up 1.02% during trading on Friday, hitting $4.95. 784 shares of the stock traded hands. The company’s market cap is $130.88 million. The firm has a 50-day moving average price of $4.80 and a 200 day moving average price of $5.01. General Finance Corporation has a 52-week low of $4.00 and a 52-week high of $5.90.
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Several equities analysts have recently weighed in on GFN shares. Zacks Investment Research downgraded shares of General Finance Corporation from a “hold” rating to a “sell” rating in a research note on Monday, May 15th. ValuEngine upgraded shares of General Finance Corporation from a “sell” rating to a “hold” rating in a research note on Friday, June 2nd.
In other news, major shareholder Neil Gagnon sold 24,832 shares of the stock in a transaction that occurred on Friday, June 30th. The shares were sold at an average price of $5.03, for a total value of $124,904.96. Following the transaction, the insider now owns 963,102 shares in the company, valued at approximately $4,844,403.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 25.80% of the stock is owned by corporate insiders.
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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