Gagnon Securities Lowers stake in General Finance Corporation (GFN)

General Finance Corporation (GFN) : Gagnon Securities reduced its stake in General Finance Corporation by 0.61% during the most recent quarter end. The investment management company now holds a total of 2,221,667 shares of General Finance Corporation which is valued at $9,730,901 after selling 13,674 shares in General Finance Corporation , the firm said in a disclosure report filed with the SEC on Aug 10, 2016.General Finance Corporation makes up approximately 4.30% of Gagnon Securities’s portfolio.

Other Hedge Funds, Including , Vanguard Group Inc boosted its stake in GFN in the latest quarter, The investment management firm added 491 additional shares and now holds a total of 270,787 shares of General Finance Corporation which is valued at $1,186,047.Gilder Gagnon Howe Co reduced its stake in GFN by selling 15,400 shares or 37.18% in the most recent quarter. The Hedge Fund company now holds 26,025 shares of GFN which is valued at $113,729.

General Finance Corporation opened for trading at $4.4199 and hit $4.42 on the upside on Friday, eventually ending the session at $4.42, with a gain of 0.45% or 0.02 points. The heightened volatility saw the trading volume jump to 4,362 shares. Company has a market cap of $115 M.

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. Its geographic areas include four operating segments: Royal Wolf Holdings Limited and its Australian and New Zealand subsidiaries (Royal Wolf) Pac-Van Inc. and its Canadian subsidiary PV Acquisition Corp. (Pac-Van) Lone Star Tank Rental Inc. (Lone Star) and GFN Manufacturing Corporation and its subsidiary Southern Frac LLC (Southern Frac). It offers portable storage modular space and liquid containment solutions with a lease fleet of approximately 72856 units. It provides its storage solutions to over 35000 customers across a range of industries including commercial construction retail education and government.

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