Monashee Investment Management LLC purchased a new stake in shares of General Finance Co. (NASDAQ:GFN) during the 4th quarter, HoldingsChannel reports. The fund purchased 25,210 shares of the business services provider’s stock, valued at approximately $171,000.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Litman Gregory Asset Management LLC lifted 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 buying an additional 11,111 shares during the period. Valeo Financial Advisors LLC bought a new position in shares of General Finance during the 3rd quarter valued at $754,000. Finally, Raymond James Financial Services Advisors Inc. lifted its holdings in shares of 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 valued at $233,000 after buying an additional 14,775 shares during the period. 19.03% of the stock is currently owned by hedge funds and other institutional investors.
In other news, major shareholder Neil Gagnon sold 20,872 shares of the company’s stock in a transaction on Monday, February 12th. The stock was sold at an average price of $7.47, for a total value of $155,913.84. Following the completion of the sale, the insider now directly owns 957,493 shares in the company, valued at approximately $7,152,472.71. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 25.90% of the company’s stock.
Shares of General Finance Co. (GFN) opened at $7.30 on Thursday. The company has a debt-to-equity ratio of 3.88, a quick ratio of 1.07 and a current ratio of 1.59. General Finance Co. has a 12 month low of $4.50 and a 12 month high of $7.50.
General Finance (NASDAQ:GFN) last posted its quarterly earnings data on Tuesday, February 6th. The business services provider reported $0.08 EPS for the quarter, topping the consensus estimate of ($0.04) by $0.12. The firm had revenue of $92.13 million during the quarter, compared to analyst estimates of $78.80 million. General Finance had a return on equity of 0.39% and a net margin of 0.18%. equities analysts anticipate that General Finance Co. will post -0.05 EPS for the current fiscal year.
Several equities analysts have recently weighed in on the company. DA Davidson reissued a “buy” rating on shares of General Finance in a report on Wednesday, February 7th. Zacks Investment Research upgraded General Finance from a “sell” rating to a “hold” rating in a research note on Friday, November 17th. Three equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. The stock presently has a consensus rating of “Hold”.
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General Finance Company Profile
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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