General Finance EVP Purchases $22,475 in Stock (GFN)
General Finance (NYSE:GFN) EVP Jeffrey A. Kluckman purchased 2,500 shares of the stock on the open market in a transaction dated Thursday, June 26th. The stock was purchased at an average price of $8.99 per share, with a total value of $22,475.00. Following the completion of the purchase, the executive vice president now directly owns 64,138 shares of the company’s stock, valued at approximately $576,601. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link.
A number of analysts have recently weighed in on GFN shares. Analysts at Zacks downgraded shares of General Finance from an “outperform” rating to a “neutral” rating in a research note on Wednesday, May 14th. They now have a $9.40 price target on the stock. Separately, analysts at B. Riley raised their price target on shares of General Finance from $9.50 to $11.75 in a research note on Tuesday, May 13th. One analyst has rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. General Finance has an average rating of “Buy” and a consensus target price of $9.27.
Shares of General Finance (NYSE:GFN) traded down 1.60% during mid-day trading on Thursday, hitting $9.20. 115,806 shares of the company’s stock traded hands. General Finance has a one year low of $4.55 and a one year high of $9.89. The stock’s 50-day moving average is $8.96 and its 200-day moving average is $7.64. The company has a market cap of $235.4 million and a P/E ratio of 70.83.
General Finance (NYSE:GFN) last released its earnings data on Monday, May 12th. The company reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.05 by $0.01. The company had revenue of $65.70 million for the quarter, compared to the consensus estimate of $64.98 million. During the same quarter in the previous year, the company posted $0.03 earnings per share. On average, analysts predict that General Finance will post $0.18 earnings per share for the current fiscal year.
General Finance Corporation (NYSE:GFN) is a holding company that acquires and operates for businesses in the mobile storage container and modular space (portable services) industries.
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