General Finance Co. (NASDAQ:GFN) General Counsel Christopher A. Wilson sold 1,871 shares of the firm’s stock in a transaction that occurred on Wednesday, March 14th. The shares were sold at an average price of $7.20, for a total value of $13,471.20. Following the completion of the sale, the general counsel now directly owns 100,223 shares in the company, valued at $721,605.60. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
NASDAQ:GFN remained flat at $$7.55 on Friday. The company’s stock had a trading volume of 38,941 shares, compared to its average volume of 60,605. General Finance Co. has a 12 month low of $4.50 and a 12 month high of $7.60. The company has a debt-to-equity ratio of 3.88, a current ratio of 1.59 and a quick ratio of 1.07. The stock has a market capitalization of $201.75, a P/E ratio of -30.20 and a beta of 1.16.
General Finance (NASDAQ:GFN) last issued its quarterly earnings data on Tuesday, February 6th. The business services provider reported $0.08 earnings per share 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 business had revenue of $92.13 million during the quarter, compared to analysts’ expectations of $78.80 million. equities analysts expect that General Finance Co. will post -0.05 EPS for the current year.
Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Weil Company Inc. acquired a new position in General Finance during the 4th quarter worth $107,000. Litman Gregory Asset Management LLC acquired a new position in General Finance during the 3rd quarter worth $120,000. Monashee Investment Management LLC acquired a new position in General Finance during the 4th quarter worth $171,000. Deutsche Bank AG grew its stake in General Finance by 118.5% during the 4th 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. Finally, Raymond James Financial Services Advisors Inc. grew its stake in General Finance by 6.5% during 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 purchasing an additional 1,900 shares in the last quarter. 20.37% of the stock is owned by hedge funds and other institutional investors.
A number of equities analysts recently commented on GFN shares. ValuEngine upgraded General Finance from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. DA Davidson reiterated a “buy” rating on shares of General Finance in a research report on Wednesday, February 7th. Two investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of “Buy”.
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About General Finance
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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