Insider Buying: General Finance Director Purchases 5,000 Shares of Stock (GFN)
General Finance (NYSE:GFN) Director Larry D. Tashjian purchased 5,000 shares of General Finance stock on the open market in a transaction that occurred on Friday, July 11th. The stock was purchased at an average cost of $9.38 per share, for a total transaction of $46,900.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of General Finance (NYSE:GFN) traded down 1.48% during mid-day trading on Friday, hitting $9.29. The stock had a trading volume of 28,971 shares. General Finance has a 52 week low of $4.70 and a 52 week high of $10.00. The stock has a 50-day moving average of $9.32 and a 200-day moving average of $7.91. The company has a market cap of $237.7 million and a P/E ratio of 71.44.
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.
Several analysts have recently commented on the stock. 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.
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.
Get Analysts' Upgrades and Downgrades via Email - Stay on top of analysts' coverage with Analyst Ratings Network's FREE daily email newsletter that provides a concise list of analysts' upgrades and downgrades. Click here to register now.