General Finance Corporation (NASDAQ:GFN) CEO Ronald Valenta bought 11,200 shares of General Finance Corporation stock in a transaction on Tuesday, September 19th. The shares were purchased at an average cost of $4.94 per share, for a total transaction of $55,328.00. The purchase was disclosed in a filing with the SEC, which is available at the SEC website.
Ronald Valenta also recently made the following trade(s):
- On Friday, September 8th, Ronald Valenta bought 10,000 shares of General Finance Corporation stock. The shares were purchased at an average cost of $5.10 per share, for a total transaction of $51,000.00.
Shares of General Finance Corporation (NASDAQ GFN) traded down 1.01% during mid-day trading on Tuesday, hitting $4.90. The company had a trading volume of 14,448 shares. The firm’s 50 day moving average is $4.85 and its 200-day moving average is $4.95. General Finance Corporation has a 12-month low of $4.00 and a 12-month high of $5.90. The firm’s market cap is $130.39 million.
General Finance Corporation (NASDAQ:GFN) last released its quarterly earnings data on Wednesday, September 6th. The business services provider reported ($0.07) earnings per share for the quarter, meeting the consensus estimate of ($0.07). General Finance Corporation had a negative return on equity of 1.37% and a negative net margin of 0.90%. The company had revenue of $73.34 million for the quarter, compared to analyst estimates of $70.95 million. On average, equities analysts expect that General Finance Corporation will post ($0.10) EPS for the current year.
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Several brokerages recently issued reports on GFN. TheStreet raised General Finance Corporation from a “d” rating to a “c-” rating in a report on Wednesday, September 6th. ValuEngine raised General Finance Corporation from a “sell” rating to a “hold” rating in a report on Thursday, July 27th. Finally, Zacks Investment Research raised General Finance Corporation from a “sell” rating to a “hold” rating in a report on Friday, July 14th. Two investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $7.60.
Hedge funds have recently added to or reduced their stakes in the company. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of General Finance Corporation by 6.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 31,300 shares of the business services provider’s stock worth $161,000 after acquiring an additional 1,900 shares in the last quarter. Renaissance Technologies LLC boosted its holdings in shares of General Finance Corporation by 25.4% in the 1st quarter. Renaissance Technologies LLC now owns 35,972 shares of the business services provider’s stock worth $183,000 after acquiring an additional 7,276 shares in the last quarter. Citadel Advisors LLC acquired a new position in shares of General Finance Corporation in the 2nd quarter worth approximately $134,000. Finally, Gagnon Securities LLC acquired a new position in shares of General Finance Corporation in the 2nd quarter worth approximately $10,892,000. Institutional investors own 19.11% 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.
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