General Finance (GFN) Hits New 1-Year High and Low at $8.30

General Finance Co. (NASDAQ:GFN) reached a new 52-week high and low during mid-day trading on Monday . The stock traded as low as $8.30 and last traded at $8.35, with a volume of 30580 shares. The stock had previously closed at $8.20.

Several research firms have recently issued reports on GFN. DA Davidson restated a “buy” rating on shares of General Finance in a report on Wednesday, February 7th. ValuEngine upgraded shares of General Finance from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Two analysts have rated the stock with a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Buy”.

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The company has a quick ratio of 1.07, a current ratio of 1.59 and a debt-to-equity ratio of 3.88.

General Finance (NASDAQ:GFN) last posted its earnings results on Tuesday, February 6th. The business services provider reported $0.08 EPS for the quarter, beating analysts’ consensus estimates of ($0.04) by $0.12. General Finance had a net margin of 0.18% and a return on equity of 0.39%. The business had revenue of $92.13 million for the quarter, compared to the consensus estimate of $78.80 million. equities analysts forecast that General Finance Co. will post -0.05 earnings per share for the current year.

In related news, major shareholder Neil Gagnon sold 514,948 shares of General Finance stock in a transaction that occurred on Wednesday, April 4th. The shares were sold at an average price of $7.40, for a total value of $3,810,615.20. Following the completion of the sale, the insider now directly owns 956,726 shares in the company, valued at approximately $7,079,772.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, General Counsel Christopher A. Wilson sold 6,361 shares of General Finance stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $7.23, for a total transaction of $45,990.03. Following the completion of the sale, the general counsel now owns 99,752 shares of the company’s stock, valued at $721,206.96. The disclosure for this sale can be found here. Insiders sold a total of 622,972 shares of company stock valued at $4,607,685 over the last quarter. 25.90% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in GFN. Litman Gregory Asset Management LLC increased its holdings in General Finance by 46.9% in the 4th quarter. Litman Gregory Asset Management LLC now owns 34,827 shares of the business services provider’s stock worth $237,000 after acquiring an additional 11,111 shares in the last quarter. Monashee Investment Management LLC purchased a new stake in shares of General Finance in the fourth quarter valued at about $171,000. Renaissance Technologies LLC grew its holdings in shares of General Finance by 83.3% in the fourth quarter. Renaissance Technologies LLC now owns 134,000 shares of the business services provider’s stock valued at $911,000 after purchasing an additional 60,900 shares during the period. Weil Company Inc. purchased a new stake in shares of General Finance in the fourth quarter valued at about $107,000. Finally, Deutsche Bank AG grew its holdings in shares of General Finance by 118.5% in the fourth quarter. Deutsche Bank AG now owns 31,246 shares of the business services provider’s stock valued at $212,000 after purchasing an additional 16,944 shares during the period. Institutional investors and hedge funds own 20.37% of the company’s stock.

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About General Finance

General Finance Corporation, a specialty rental services company, provides portable storage, modular space, and liquid containment solutions in North America and the Asia-Pacific regions. Its portable storage products include storage containers used in classroom equipment storage, construction equipment and tool storage, disaster shelters, landscaping sheds, recreational equipment storage, and retail inventory storage applications; and freight containers used in freight transportation by road and rail.

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