General Finance Corporation (NASDAQ:GFN) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued on Friday, July 14th.
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 shares of General Finance Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd.
Shares of General Finance Corporation (GFN) remained flat at $4.85 on Friday. The company’s stock had a trading volume of 50,449 shares. The firm’s 50 day moving average is $4.83 and its 200 day moving average is $5.04. The company’s market cap is $128.23 million. 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 released its earnings results on Wednesday, May 10th. The business services provider reported ($0.08) EPS for the quarter, missing the consensus estimate of ($0.07) by $0.01. General Finance Corporation had a negative net margin of 1.81% and a negative return on equity of 1.76%. The firm had revenue of $68.46 million during the quarter, compared to the consensus estimate of $67.85 million. Equities research analysts anticipate that General Finance Corporation will post ($0.26) EPS for the current year.
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In related news, major shareholder Neil Gagnon sold 24,832 shares of the business’s stock in a transaction on Friday, June 30th. The shares were sold at an average price of $5.03, for a total transaction of $124,904.96. Following the transaction, the insider now owns 963,102 shares in the company, valued at approximately $4,844,403.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 25.80% of the stock is currently owned by insiders.
Several hedge funds have recently bought and sold shares of the company. Raymond James Financial Services Advisors Inc. purchased a new stake in General Finance Corporation during the fourth quarter valued at about $108,000. Renaissance Technologies LLC raised its stake in General Finance Corporation by 160.9% in the fourth quarter. Renaissance Technologies LLC now owns 28,696 shares of the business services provider’s stock valued at $159,000 after buying an additional 17,696 shares during the last quarter. Finally, Gagnon Securities LLC purchased a new stake in General Finance Corporation during the second quarter valued at about $10,892,000. Hedge funds and other institutional investors own 11.33% of the company’s stock.
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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