Insider Buying: General Finance Corp. (GFN) Director Buys $22,721.25 in Stock
General Finance Corp. (NASDAQ:GFN) Director James B. Roszak purchased 5,475 shares of the firm’s stock in a transaction dated Thursday, November 10th. The stock was purchased at an average cost of $4.15 per share, for a total transaction of $22,721.25. Following the acquisition, the director now owns 81,566 shares of the company’s stock, valued at approximately $338,498.90. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website.
General Finance Corp. (NASDAQ:GFN) opened at 4.15 on Tuesday. The company has a 50-day moving average of $4.29 and a 200 day moving average of $4.31. The stock’s market capitalization is $109.10 million. General Finance Corp. has a 12 month low of $3.50 and a 12 month high of $5.38.
General Finance Corp. (NASDAQ:GFN) last issued its quarterly earnings results on Monday, November 7th. The company reported ($0.08) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.07) by $0.01. General Finance Corp. had a positive return on equity of 0.22% and a negative net margin of 1.92%. On average, equities research analysts anticipate that General Finance Corp. will post ($0.18) earnings per share for the current fiscal year.
GFN has been the topic of several research analyst reports. Zacks Investment Research cut shares of General Finance Corp. from a “hold” rating to a “sell” rating in a report on Friday, September 9th. DA Davidson reiterated a “buy” rating and issued a $6.00 target price on shares of General Finance Corp. in a research report on Tuesday, November 8th.
About General Finance Corp.
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, which include the Asia-Pacific (Pan-Pacific) area and North America.
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