Mcgrath Rentcorp (MGRC) Files Form 4 Insider Selling : John P Skenesky Sells 392 Shares

Mcgrath Rentcorp (MGRC): John P Skenesky , VP and Division Manager of Mcgrath Rentcorp sold 392 shares on Sep 12, 2016. The Insider selling transaction was reported by the company on Sep 12, 2016 to the Securities and Exchange Commission. The shares were sold at $31.98 per share for a total value of $12,534.44 , the company said in a SEC Form 4 Filing.

Other Insider transactions have been reported by the company according to SEC Form 4, on Sep 7, 2016, Dennis C Kakures (CEO) sold 36,777 shares at $32.60 per share price.On Aug 24, 2016, Keith E Pratt (Sr VP and CFO) sold 1,372 shares at $31.94 per share price.Also, On Aug 19, 2016, David M Whitney (VP, Controller, PAO) sold 2,266 shares at $31.74 per share price.On Aug 19, 2016, Trease Kristina Van (VP & Division Manager) sold 2,266 shares at $31.74 per share price.

Shares of McGrath RentCorp (MGRC) ended Monday, Sep 12, 2016 session in red amid volatile trading. The shares closed down -0.1 points or -0.31% at $31.95 with 100,042 shares getting traded. Post opening the session at $31.97, the shares hit an intraday low of $31.85 and an intraday high of $32.33 and the price vacillated in this range throughout the day. The company has a market cap of $764 M and the number of outstanding shares has been calculated to be 23,907,760 shares. The 52-week high of McGrath RentCorp is $33.35 and the 52-week low is $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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