General Finance Co. (NASDAQ:GFN) major shareholder Neil Gagnon sold 20,872 shares of General Finance stock in a transaction dated Monday, February 12th. The shares were sold at an average price of $7.47, for a total value of $155,913.84. Following the transaction, the insider now owns 957,493 shares of the company’s stock, valued at approximately $7,152,472.71. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.
General Finance Co. (NASDAQ:GFN) remained flat at $$7.45 during trading hours on Wednesday. 30,200 shares of the stock traded hands, compared to its average volume of 35,195. General Finance Co. has a 1-year low of $4.50 and a 1-year high of $7.50. The company has a current ratio of 1.59, a quick ratio of 1.07 and a debt-to-equity ratio of 3.88. The stock has a market capitalization of $199.08, a price-to-earnings ratio of -67.73 and a beta of 1.19.
General Finance (NASDAQ:GFN) last posted its earnings results on Tuesday, February 6th. The business services provider reported $0.08 EPS for the quarter, beating the Zacks’ 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 firm had revenue of $92.13 million for the quarter, compared to analysts’ expectations of $78.80 million. equities research analysts anticipate that General Finance Co. will post -0.13 earnings per share for the current year.
Several large investors have recently bought and sold shares of GFN. Raymond James Financial Services Advisors Inc. boosted its holdings in General Finance by 6.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 31,300 shares of the business services provider’s stock worth $161,000 after buying an additional 1,900 shares during the last quarter. Litman Gregory Asset Management LLC acquired a new stake in General Finance in the 3rd quarter worth about $120,000. Valeo Financial Advisors LLC acquired a new stake in General Finance in the 3rd quarter worth about $754,000. Monashee Investment Management LLC acquired a new stake in General Finance in the 4th quarter worth about $171,000. Finally, Renaissance Technologies LLC boosted its holdings in General Finance by 83.3% in the 4th quarter. Renaissance Technologies LLC now owns 134,000 shares of the business services provider’s stock worth $911,000 after buying an additional 60,900 shares during the last quarter. Hedge funds and other institutional investors own 27.15% of the company’s stock.
GFN has been the subject of a number of recent research reports. DA Davidson reiterated a “buy” rating on shares of General Finance in a research note on Wednesday, February 7th. Zacks Investment Research upgraded General Finance from a “sell” rating to a “hold” rating in a research report on Friday, November 17th. Three equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $9.20.
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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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