General Finance Co. (NASDAQ:GFN) Director Ronald Valenta purchased 1,765 shares of the company’s stock in a transaction that occurred on Monday, April 9th. The shares were purchased at an average price of $7.54 per share, with a total value of $13,308.10. Following the completion of the transaction, the director now directly owns 2,598,476 shares of the company’s stock, valued at approximately $19,592,509.04. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.
NASDAQ GFN traded up $0.05 on Monday, reaching $7.60. 66,841 shares of the company were exchanged, compared to its average volume of 40,393. The firm has a market capitalization of $201.75, a P/E ratio of -30.40 and a beta of 1.15. 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 fifty-two week low of $4.50 and a fifty-two week high of $7.60.
General Finance (NASDAQ:GFN) last released its quarterly earnings data on Tuesday, February 6th. The business services provider reported $0.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of ($0.04) by $0.12. The company had revenue of $92.13 million for 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%. sell-side analysts forecast that General Finance Co. will post -0.05 EPS for the current year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Valeo Financial Advisors LLC acquired a new position in shares of General Finance in the 3rd quarter valued at $754,000. Renaissance Technologies LLC lifted its stake in shares of General Finance by 83.3% in the 4th quarter. Renaissance Technologies LLC now owns 134,000 shares of the business services provider’s stock valued at $911,000 after purchasing an additional 60,900 shares during the last quarter. Raymond James Financial Services Advisors Inc. lifted its stake in shares of General Finance by 47.2% in 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 purchasing an additional 14,775 shares during the last quarter. Millennium Management LLC acquired a new position in shares of General Finance in the 4th quarter valued at $265,000. Finally, Litman Gregory Asset Management LLC lifted its stake in shares of General Finance by 46.9% in 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 purchasing an additional 11,111 shares during the last quarter. 20.37% of the stock is currently owned by institutional investors.
GFN has been the topic of a number of recent research reports. ValuEngine raised General Finance from a “hold” rating to a “buy” rating in a research note on Monday, April 2nd. DA Davidson reissued a “buy” rating on shares of General Finance in a research note on Wednesday, February 7th. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. General Finance has a consensus 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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