General Finance Co. (NASDAQ:GFN) shares reached a new 52-week high and low during mid-day trading on Wednesday . The company traded as low as $10.70 and last traded at $10.65, with a volume of 32400 shares trading hands. The stock had previously closed at $10.65.
GFN has been the topic of a number of research reports. ValuEngine upgraded shares of General Finance from a “hold” rating to a “buy” rating in a research report on Monday, April 2nd. Zacks Investment Research downgraded shares of General Finance from a “strong-buy” rating to a “hold” rating in a research report on Monday, April 16th. Finally, DA Davidson set a $13.00 target price on shares of General Finance and gave the company a “buy” rating in a research report on Thursday, May 10th. Two investment analysts have rated the stock with a hold rating, one has issued a buy rating and one has issued a strong buy rating to the company’s stock. General Finance presently has a consensus rating of “Buy” and an average target price of $13.00.
The company has a debt-to-equity ratio of 3.89, a quick ratio of 1.12 and a current ratio of 1.56. The stock has a market cap of $283.63 million, a PE ratio of -42.60 and a beta of 1.12.
General Finance (NASDAQ:GFN) last released its earnings results on Wednesday, May 9th. The business services provider reported ($0.06) earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of ($0.06). General Finance had a net margin of 0.07% and a return on equity of 0.19%. The company had revenue of $84.42 million for the quarter, compared to the consensus estimate of $76.30 million. equities research analysts expect that General Finance Co. will post -0.04 earnings per share for the current year.
In other General Finance news, major shareholder Neil Gagnon sold 19,174 shares of the business’s stock in a transaction on Friday, March 23rd. The shares were sold at an average price of $7.42, for a total transaction of $142,271.08. Following the completion of the sale, the insider now owns 957,493 shares in the company, valued at approximately $7,104,598.06. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, General Counsel Christopher A. Wilson sold 6,361 shares of the business’s stock in a transaction on Friday, March 16th. The shares were sold at an average price of $7.23, for a total transaction of $45,990.03. Following the sale, the general counsel now owns 99,752 shares of the company’s stock, valued at approximately $721,206.96. The disclosure for this sale can be found here. Insiders have sold a total of 602,100 shares of company stock worth $4,451,771 in the last quarter. 25.90% of the stock is owned by corporate insiders.
A number of hedge funds have recently made changes to their positions in the business. Millennium Management LLC increased its stake in General Finance by 285.0% during the 1st quarter. Millennium Management LLC now owns 150,161 shares of the business services provider’s stock valued at $1,089,000 after purchasing an additional 111,158 shares in the last quarter. Deutsche Bank AG increased 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 valued at $212,000 after purchasing an additional 16,944 shares in the last quarter. Weil Company Inc. bought a new stake in General Finance during the 4th quarter valued at $107,000. Renaissance Technologies LLC increased its stake in General Finance by 83.3% during 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 in the last quarter. Finally, Monashee Investment Management LLC bought a new stake in General Finance during the 4th quarter valued at $171,000. Institutional investors and hedge funds own 20.55% of the company’s stock.
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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