General Finance Co. (NASDAQ:GFN) hit a new 52-week high and low during trading on Monday . The stock traded as low as $8.30 and last traded at $8.35, with a volume of 30580 shares. The stock had previously closed at $8.20.
Several equities research analysts recently commented on GFN shares. ValuEngine raised General Finance from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. DA Davidson reissued a “buy” rating on shares of General Finance in a report on Wednesday, February 7th. Finally, Zacks Investment Research cut General Finance from a “strong-buy” rating to a “hold” rating in a report on Monday. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Buy”.
The company has a quick ratio of 1.07, a current ratio of 1.59 and a debt-to-equity ratio of 3.88.
General Finance (NASDAQ:GFN) last posted its quarterly earnings results on Tuesday, February 6th. The business services provider reported $0.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.04) by $0.12. General Finance had a return on equity of 0.39% and a net margin of 0.18%. The company had revenue of $92.13 million for the quarter, compared to analysts’ expectations of $78.80 million. sell-side analysts forecast that General Finance Co. will post -0.05 EPS for the current fiscal year.
In other news, General Counsel Christopher A. Wilson sold 4,200 shares of the business’s stock in a transaction on Tuesday, March 6th. The shares were sold at an average price of $7.07, for a total transaction of $29,694.00. Following the transaction, the general counsel now directly owns 100,552 shares in the company, valued at approximately $710,902.64. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, major shareholder Neil Gagnon sold 20,872 shares of the business’s stock in a transaction on Monday, February 12th. The shares were sold at an average price of $7.47, for a total transaction of $155,913.84. Following the transaction, the insider now owns 957,493 shares in the company, valued at $7,152,472.71. The disclosure for this sale can be found here. Over the last three months, insiders have sold 622,972 shares of company stock worth $4,607,685. Company insiders own 25.90% of the company’s stock.
Several institutional investors have recently bought and sold shares of the company. Litman Gregory Asset Management LLC grew its holdings in shares of General Finance by 46.9% during the 4th quarter. Litman Gregory Asset Management LLC now owns 34,827 shares of the business services provider’s stock valued at $237,000 after acquiring an additional 11,111 shares in the last quarter. Weil Company Inc. bought a new stake in General Finance in the fourth quarter worth $107,000. Deutsche Bank AG boosted its holdings in General Finance by 118.5% in the fourth quarter. Deutsche Bank AG now owns 31,246 shares of the business services provider’s stock worth $212,000 after purchasing an additional 16,944 shares in the last quarter. Monashee Investment Management LLC bought a new stake in General Finance in the fourth quarter worth $171,000. Finally, Millennium Management LLC bought a new stake in General Finance in the fourth quarter worth $265,000. Institutional investors and hedge funds own 20.37% of the company’s stock.
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General Finance Company Profile
General Finance Corporation, a specialty rental services company, provides portable storage, modular space, and liquid containment solutions in North America and the Asia-Pacific regions. Its portable storage products include storage containers used in classroom equipment storage, construction equipment and tool storage, disaster shelters, landscaping sheds, recreational equipment storage, and retail inventory storage applications; and freight containers used in freight transportation by road and rail.
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