General Finance Corporation (GFN) Upgraded to Hold at ValuEngine
ValuEngine upgraded shares of General Finance Corporation (NASDAQ:GFN) from a sell rating to a hold rating in a report issued on Wednesday.
Separately, Zacks Investment Research cut shares of General Finance Corporation from a hold rating to a sell rating in a research report on Monday, May 15th.
Shares of General Finance Corporation (NASDAQ GFN) remained flat at $4.95 during mid-day trading on Wednesday. The company’s stock had a trading volume of 1,398 shares. The company’s market cap is $130.88 million. The company has a 50 day moving average price of $4.78 and a 200 day moving average price of $4.95. General Finance Corporation has a 12 month low of $4.00 and a 12 month high of $5.90.
General Finance Corporation (NASDAQ:GFN) last announced its quarterly earnings results on Wednesday, September 6th. The business services provider reported ($0.07) earnings per share for the quarter, meeting analysts’ consensus estimates of ($0.07). General Finance Corporation had a negative net margin of 1.81% and a negative return on equity of 1.76%. On average, analysts expect that General Finance Corporation will post ($0.12) EPS for the current year.
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In other General Finance Corporation news, major shareholder Neil Gagnon sold 24,832 shares of General Finance Corporation stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $5.03, for a total transaction of $124,904.96. Following the completion of the sale, the insider now directly owns 963,102 shares in the company, valued at $4,844,403.06. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 25.80% of the stock is owned by company insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Citadel Advisors LLC purchased a new position in shares of General Finance Corporation in the second quarter valued at approximately $134,000. Raymond James Financial Services Advisors Inc. boosted its stake in shares of General Finance Corporation by 50.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 29,400 shares of the business services provider’s stock valued at $150,000 after purchasing an additional 9,900 shares during the period. Renaissance Technologies LLC boosted its stake in shares of General Finance Corporation by 25.4% in the first quarter. Renaissance Technologies LLC now owns 35,972 shares of the business services provider’s stock valued at $183,000 after purchasing an additional 7,276 shares during the period. Finally, Gagnon Securities LLC purchased a new position in shares of General Finance Corporation in the second quarter valued at approximately $10,892,000. 19.23% of the stock is owned by institutional investors and hedge funds.
General Finance Corporation 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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