Zacks Investment Research upgraded shares of General Finance Corporation (NASDAQ:GFN) from a sell rating to a hold rating in a research note released on Friday morning.
According to Zacks, “General Finance Corporation provides mobile storage, liquid containment and modular space solutions. General Finance Corporation is headquartered in Pasadena, California. “
Separately, ValuEngine raised General Finance Corporation from a sell rating to a hold rating in a report on Friday, June 2nd.
General Finance Corporation (GFN) traded up 5.49% during midday trading on Friday, hitting $4.80. 13,685 shares of the stock traded hands. The stock’s market cap is $126.91 million. General Finance Corporation has a 12 month low of $4.00 and a 12 month high of $5.90. The company has a 50-day moving average of $4.91 and a 200-day moving average of $5.06.
General Finance Corporation (NASDAQ:GFN) last released its earnings results on Wednesday, May 10th. The business services provider reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.01. General Finance Corporation had a negative return on equity of 1.76% and a negative net margin of 1.81%. The firm had revenue of $68.46 million for the quarter, compared to analyst estimates of $67.85 million. On average, equities research analysts anticipate that General Finance Corporation will post ($0.26) earnings per share for the current year.
In related news, major shareholder Neil Gagnon sold 24,832 shares of General Finance Corporation stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $5.03, for a total transaction of $124,904.96. Following the completion of the transaction, 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 can be accessed through this hyperlink. 25.80% of the stock is currently owned by company insiders.
An institutional investor recently bought a new position in General Finance Corporation stock. Raymond James Financial Services Advisors Inc. purchased a new stake in shares of General Finance Corporation (NASDAQ:GFN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 19,500 shares of the business services provider’s stock, valued at approximately $108,000. Raymond James Financial Services Advisors Inc. owned approximately 0.07% of General Finance Corporation at the end of the most recent quarter. 11.33% of the stock is currently owned by hedge funds and other institutional investors.
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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