Insider Buying: General Finance EVP Buys 2,500 Shares of Stock (GFN)
General Finance (NYSE:GFN) EVP Jeffrey A. Kluckman acquired 2,500 shares of the company’s stock on the open market in a transaction that occurred on Thursday, June 26th. The shares were purchased at an average cost 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 purchase was disclosed in a legal filing with the SEC, which is available at 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 issued a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $9.27.
General Finance (NYSE:GFN) traded up 2.39% during mid-day trading on Friday, hitting $9.42. 9,140 shares of the company’s stock traded hands. General Finance has a 52-week low of $4.55 and a 52-week high of $9.89. The stock has a 50-day moving average of $8.96 and a 200-day moving average of $7.64. The company has a market cap of $241.0 million and a price-to-earnings ratio of 69.70.
General Finance (NYSE:GFN) last posted its quarterly earnings results on Monday, May 12th. The company reported $0.04 earnings per share for the quarter, missing the analysts’ 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 last year, the company posted $0.03 earnings per share. Analysts expect that General Finance will post $0.18 EPS 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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