General Finance Corporation (NASDAQ:GFN) Stake Maintained by North Star Investment Management Corp.

North Star Investment Management Corp. maintained its position in shares of General Finance Corporation (NASDAQ:GFN) during the second quarter, Holdings Channel reports. The firm owned 145,175 shares of the business services provider’s stock at the end of the second quarter. North Star Investment Management Corp.’s holdings in General Finance Corporation were worth $748,000 at the end of the most recent quarter.

Separately, Renaissance Technologies LLC increased its position 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 buying an additional 7,276 shares during the last quarter. Institutional investors and hedge funds own 11.33% of the company’s stock.

General Finance Corporation (NASDAQ:GFN) remained flat at $4.55 during midday trading on Thursday. The stock had a trading volume of 1 shares. The stock’s market capitalization is $120.30 million. The company has a 50-day moving average price of $4.89 and a 200 day moving average price of $5.06. General Finance Corporation has a 52-week low of $4.00 and a 52-week high of $5.90.

General Finance Corporation (NASDAQ:GFN) last issued its quarterly earnings results on Wednesday, May 10th. The business services provider reported ($0.08) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.01. The company had revenue of $68.46 million during the quarter, compared to analysts’ expectations of $67.85 million. General Finance Corporation had a negative net margin of 1.81% and a negative return on equity of 1.76%. On average, analysts forecast that General Finance Corporation will post ($0.26) earnings per share for the current year.

WARNING: This article was first published by [[site]] and is the property of of [[site]]. If you are accessing this article on another website, it was illegally copied and reposted in violation of U.S. and international trademark & copyright legislation. The correct version of this article can be viewed at [[permalink]].

Several brokerages have recently commented on GFN. Zacks Investment Research upgraded General Finance Corporation from a “sell” rating to a “hold” rating in a research report on Friday, July 14th. ValuEngine upgraded General Finance Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 2nd.

In related news, major shareholder Neil Gagnon sold 24,832 shares of the firm’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $5.03, for a total value of $124,904.96. Following the transaction, the insider now directly owns 963,102 shares of the company’s stock, valued at approximately $4,844,403.06. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 25.80% of the company’s stock.

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.

Want to see what other hedge funds are holding GFN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Finance Corporation (NASDAQ:GFN).