General Finance Co. (NASDAQ:GFN)’s share price hit a new 52-week high on Tuesday . The company traded as high as $15.45 and last traded at $15.40, with a volume of 1395 shares. The stock had previously closed at $15.20.
Separately, Zacks Investment Research raised General Finance from a “hold” rating to a “strong-buy” rating and set a $16.00 price target on the stock in a research note on Friday, September 7th.
The company has a debt-to-equity ratio of 4.20, a quick ratio of 1.12 and a current ratio of 1.56.
A number of large investors have recently added to or reduced their stakes in GFN. BlackRock Inc. grew its stake in General Finance by 1,611.3% during the 2nd quarter. BlackRock Inc. now owns 489,221 shares of the business services provider’s stock valued at $6,629,000 after acquiring an additional 460,633 shares in the last quarter. Renaissance Technologies LLC grew its stake in General Finance by 80.5% during the 2nd quarter. Renaissance Technologies LLC now owns 436,315 shares of the business services provider’s stock valued at $5,912,000 after acquiring an additional 194,615 shares in the last quarter. Millennium Management LLC grew its stake in General Finance by 285.0% during the 1st quarter. Millennium Management LLC now owns 150,161 shares of the business services provider’s stock valued at $1,089,000 after acquiring an additional 111,158 shares in the last quarter. Northern Trust Corp grew its stake in General Finance by 620.0% during the 2nd quarter. Northern Trust Corp now owns 109,121 shares of the business services provider’s stock valued at $1,479,000 after acquiring an additional 93,965 shares in the last quarter. Finally, EAM Investors LLC purchased a new position in General Finance during the 2nd quarter valued at about $931,000. 23.15% of the stock is currently owned by institutional investors.
About General Finance (NASDAQ:GFN)
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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