Whittier Trust Co. held its stake in General Finance Corp. (NASDAQ:GFN) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 62,459 shares of the company’s stock at the end of the second quarter. Whittier Trust Co.’s holdings in General Finance Corp. were worth $265,000 as of its most recent filing with the SEC.
Shares of General Finance Corp. (NASDAQ:GFN) traded down 3.45% during trading on Friday, hitting $4.20. 20,861 shares of the company’s stock were exchanged. The firm has a 50-day moving average price of $4.40 and a 200-day moving average price of $4.37. General Finance Corp. has a one year low of $3.50 and a one year high of $5.38. The stock’s market cap is $110.12 million.
General Finance Corp. (NASDAQ:GFN) last posted its earnings results on Tuesday, September 6th. The company reported ($0.06) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.06). General Finance Corp. had a negative net margin of 2.20% and a negative return on equity of 0.21%. Equities research analysts expect that General Finance Corp. will post ($0.15) EPS for the current fiscal year.
Separately, Zacks Investment Research downgraded shares of General Finance Corp. from a “hold” rating to a “sell” rating in a research note on Friday, September 9th.
In other news, major shareholder Neil Gagnon sold 7,425 shares of the business’s stock in a transaction dated Thursday, August 11th. The shares were sold at an average price of $4.35, for a total value of $32,298.75. Following the sale, the insider now directly owns 971,934 shares in the company, valued at approximately $4,227,912.90. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 25.20% of the stock is currently owned by insiders.
About General Finance Corp.
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, which include the Asia-Pacific (Pan-Pacific) area and North America.