Mcgrath Rentcorp (MGRC) Files Form 4 Insider Selling : Randle F Rose Sells 3,000 Shares

Mcgrath Rentcorp (MGRC): Randle F Rose , SVP and CAO of Mcgrath Rentcorp sold 3,000 shares on Jun 15, 2016. The Insider selling transaction was reported by the company on Jun 16, 2016 to the Securities and Exchange Commission. The shares were sold at $30.14 per share for a total value of $90,420.30 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Jun 16, 2016, Dennis C Kakures (CEO) sold 10,449 shares at $30.19 per share price.On Jun 16, 2016, Keith E Pratt (Sr VP and CFO) sold 1,362 shares at $30.20 per share price.Also, On Jun 10, 2016, Philip B Hawkins (VP & Division Manager) sold 2,000 shares at $30.20 per share price.On May 12, 2016, Bruce Michael Buckland (VP & Division Manager) sold 2,080 shares at $26.56 per share price.

Shares of McGrath RentCorp (MGRC) ended Wednesday, Jun 15, 2016 session in red amid volatile trading. The shares closed down -0.21 points or -0.69% at $30.03 with 81,291 shares getting traded. Post opening the session at $30.2, the shares hit an intraday low of $29.83 and an intraday high of $30.2 and the price vacillated in this range throughout the day. The company has a market cap of $718 M and the number of outstanding shares has been calculated to be 2,38,98,389 shares. The 52-week high of McGrath RentCorp is $32.16 and the 52-week low is $21.459.

McGrath RentCorp Money Flow Index Chart

On Jun 8, 2016, McGrath RentCorp announced a cash dividend of $0.2550. The company’s management has announced Jul 13, 2016 as the ex-dividend date and fixed the record date on Jul 15, 2016. The payable date has been fixed on Jul 29, 2016.

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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