Mcgrath Rentcorp (MGRC) Files Form 4 Insider Selling : Philip B Hawkins Sells 1,000 Shares

Mcgrath Rentcorp (MGRC): Philip B Hawkins , VP & Division Manager of Mcgrath Rentcorp sold 1,000 shares on May 24, 2016. The Insider selling transaction was reported by the company on May 26, 2016 to the Securities and Exchange Commission. The shares were sold at $27.61 per share for a total value of $27,609.90 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on May 12, 2016, Bruce Michael Buckland (VP & Division Manager) sold 2,080 shares at $26.56 per share price.On May 12, 2016, Philip B Hawkins (VP & Division Manager) sold 1,000 shares at $26.18 per share price.Also, On Nov 10, 2015, John P Skenesky (VP and Division Manager) sold 753 shares at $28.73 per share price.On Nov 3, 2015, Keith E Pratt (Sr VP and CFO) sold 3,100 shares at $31.02 per share price.

McGrath RentCorp: On Wednesday, May 25, 2016 heightened volatility was witnessed in McGrath RentCorp which led to swings in the share price. The shares opened for trading at $28.12 and hit $28.2 on the upside , eventually ending the session at $28.05, with a gain of 0.21% or 0.06 points. The heightened volatility saw the trading volume jump to 33,981 shares. The 52-week high of the share price is $32.16 and the company has a market cap of $670 M . The 52-week low of the share price is at $21.459.

McGrath RentCorp Money Flow Index Chart

McGrath RentCorp is a business-to-business rental company with three rental divisions: relocatable modular buildings electronic test equipment and liquid and solid containment tanks and boxes. The Company’s primary emphasis is on equipment rentals. However sales of equipment occur in the normal course of business. The Company is comprised of four business segments: modular building and portable storage rental division (Mobile Modular); electronic test equipment rental division (TRS-RenTelco); wholly owned subsidiary providing containment solutions for the storage of hazardous and non-hazardous liquids and solids (Adler Tanks); and wholly owned subsidiary classroom manufacturing business selling modular buildings used primarily as classrooms in California (Enviroplex). The Mobile Modular business segment includes Mobile Modular Portable Storage.

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