Zacks Investment Research upgraded shares of General Finance (NASDAQ:GFN) from a sell rating to a hold rating in a research note published on Friday, November 17th.
According to Zacks, “General Finance Corporation provides mobile storage, liquid containment and modular space solutions. General Finance Corporation is headquartered in Pasadena, California. “
Other research analysts have also recently issued reports about the stock. TheStreet raised shares of General Finance from a d rating to a c- rating in a report on Wednesday, September 6th. Oppenheimer reiterated a hold rating on shares of General Finance in a research report on Wednesday, September 20th. Finally, ValuEngine upgraded shares of General Finance from a sell rating to a hold rating in a research report on Thursday, July 27th. Three analysts have rated the stock with a hold rating and one has given a buy rating to the company. General Finance currently has a consensus rating of Hold and a consensus price target of $9.20.
General Finance (NASDAQ:GFN) traded down $0.10 during mid-day trading on Friday, hitting $6.30. 26,707 shares of the company’s stock were exchanged, compared to its average volume of 14,938. General Finance has a 12-month low of $4.05 and a 12-month high of $6.65. The company has a debt-to-equity ratio of 3.93, a quick ratio of 1.05 and a current ratio of 1.58.
General Finance (NASDAQ:GFN) last announced its earnings results on Wednesday, September 6th. The business services provider reported ($0.07) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.07). The firm had revenue of $73.34 million for the quarter, compared to analyst estimates of $70.95 million. General Finance had a negative net margin of 0.73% and a negative return on equity of 1.29%. equities analysts predict that General Finance will post -0.27 EPS for the current year.
In related news, Director Larry D. Tashjian bought 5,200 shares of the stock in a transaction that occurred on Tuesday, September 26th. The stock was bought at an average cost of $4.95 per share, for a total transaction of $25,740.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Ronald Valenta bought 11,200 shares of the stock in a transaction that occurred on Tuesday, September 19th. The stock was bought at an average price of $4.94 per share, with a total value of $55,328.00. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 48,302 shares of company stock worth $242,941. 25.90% of the stock is owned by company insiders.
A number of institutional investors and hedge funds have recently bought and sold shares of the business. Gagnon Securities LLC purchased a new position in shares of General Finance during the 2nd quarter valued at approximately $10,892,000. Valeo Financial Advisors LLC acquired a new stake in General Finance during the 3rd quarter worth $754,000. Raymond James Financial Services Advisors Inc. boosted its stake in General Finance by 47.2% during the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 46,075 shares of the business services provider’s stock worth $233,000 after purchasing an additional 14,775 shares during the last quarter. Renaissance Technologies LLC boosted its position in shares of General Finance by 25.4% during the 1st quarter. Renaissance Technologies LLC now owns 35,972 shares of the business services provider’s stock valued at $183,000 after acquiring an additional 7,276 shares during the last quarter. Finally, Citadel Advisors LLC acquired a new position in shares of General Finance during the 2nd quarter valued at about $134,000. 27.57% of the stock is owned by institutional investors.
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About General Finance
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 that include its four operating segments: the Asia-Pacific area, consisting of the leasing operations of Royal Wolf Holdings Limited and its Australian and New Zealand subsidiaries (Royal Wolf), and North America, consisting of the combined leasing operations of Pac-Van, Inc and its Canadian subsidiary, PV Acquisition Corp.
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