In a just published Form 13, filed with the US Securities and Exchange Commission (SEC), General Finance Corp (NASDAQ:GFN) reported that Havner Ronald L Jr has picked up 1,311,507 of common stock as of 2017-01-13.
The acquisition brings the aggregate amount owned by Havner Ronald L Jr to a total of 1,311,507 representing a 5.0% stake in the company.
For those not familiar with the company, 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. (Pac-Van) and Lone Star Tank Rental Inc. (Lone Star), and the manufacturing operations of GFN Manufacturing Corporation and its subsidiary, Southern Frac, LLC (Southern Frac).
A glance at General Finance Corp (NASDAQ:GFN)’s key stats reveals a current market capitalization of 130.13 million based on 26.29 million shares outstanding and a price at last close of $4.95 per share.
Looking at insider activity, there are a few transactions worth noting.
Specifically, on 2016-12-6, Valenta picked up 585 at a purchase price of $4.08. This brings their total holding to 4,499,876 as of the date of the filing.
On the sell side, the most recent transaction saw Gagnon unload 2,827 shares at a sale price of $5.00. This brings their total holding to 238,761.
It’s possible to gauge a company’s potential by tracking the activity of its major holders, as well as checking in on insider activity such as those transactions listed above. We’ll be keeping an eye on General Finance Corp (NASDAQ:GFN) as things move forward to see if its progress aligns with these transactions.
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