General Finance Corporation (NASDAQ:GFN) CEO Ronald Valenta purchased 10,000 shares of the business’s stock in a transaction that occurred on Friday, September 8th. The shares were purchased at an average price of $5.10 per share, for a total transaction of $51,000.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
General Finance Corporation (GFN) opened at 5.10 on Monday. General Finance Corporation has a 12-month low of $4.00 and a 12-month high of $5.90. The company’s 50-day moving average is $4.80 and its 200 day moving average is $4.95. The stock’s market capitalization is $134.84 million.
General Finance Corporation (NASDAQ:GFN) last announced its quarterly earnings data on Wednesday, September 6th. The business services provider reported ($0.07) EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of ($0.07). General Finance Corporation had a negative net margin of 0.90% and a negative return on equity of 1.37%. The company had revenue of $73.34 million for the quarter, compared to the consensus estimate of $70.95 million. On average, equities research analysts expect that General Finance Corporation will post ($0.14) earnings per share for the current fiscal year.
Hedge funds have recently made changes to their positions in the stock. Citadel Advisors LLC purchased a new stake in General Finance Corporation during the 2nd quarter valued at about $134,000. Raymond James Financial Services Advisors Inc. grew its position in General Finance Corporation by 50.8% during the 1st 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 last quarter. Renaissance Technologies LLC grew its position in General Finance Corporation by 25.4% during the 1st 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 last quarter. Finally, Gagnon Securities LLC purchased a new stake in General Finance Corporation during the 2nd quarter valued at about $10,892,000. 19.23% of the stock is currently owned by institutional investors.
Several research analysts recently weighed in on the stock. ValuEngine upgraded shares of General Finance Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Zacks Investment Research upgraded shares of General Finance Corporation from a “sell” rating to a “hold” rating in a report on Friday, July 14th.
About General Finance Corporation
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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