General Finance Co. (GFN) Sees Large Increase in Short Interest
General Finance Co. (NASDAQ:GFN) was the target of a significant growth in short interest in April. As of April 28th, there was short interest totalling 138,855 shares, a growth of 2.1% from the April 13th total of 135,979 shares. Based on an average daily trading volume, of 10,881 shares, the days-to-cover ratio is presently 12.8 days.
Shares of General Finance (NASDAQ:GFN) traded down 1.03% during mid-day trading on Thursday, hitting $4.80. The company had a trading volume of 3,561 shares. The firm’s market capitalization is $126.50 million. General Finance has a 12 month low of $3.99 and a 12 month high of $5.90. The firm has a 50-day moving average price of $5.07 and a 200 day moving average price of $4.95.
General Finance (NASDAQ:GFN) last released its quarterly earnings data on Wednesday, May 10th. The business services provider reported ($0.08) earnings per share for the quarter, missing the consensus estimate of ($0.07) by $0.01. General Finance had a negative net margin of 2.27% and a negative return on equity of 0.18%. The firm had revenue of $68.46 million during the quarter, compared to analysts’ expectations of $67.85 million. On average, equities research analysts forecast that General Finance will post ($0.26) earnings per share for the current fiscal year.
In other news, Director Manuel Marrero purchased 7,419 shares of the company’s stock in a transaction that occurred on Tuesday, February 28th. The stock was purchased at an average cost of $5.10 per share, for a total transaction of $37,836.90. Following the completion of the transaction, the director now owns 117,577 shares of the company’s stock, valued at $599,642.70. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, major shareholder Neil Gagnon sold 5,690 shares of the business’s stock in a transaction that occurred on Monday, April 17th. The stock was sold at an average price of $5.05, for a total value of $28,734.50. Following the sale, the insider now owns 965,078 shares of the company’s stock, valued at $4,873,643.90. The disclosure for this sale can be found here. Insiders bought 9,929 shares of company stock valued at $50,429 over the last 90 days. Company insiders own 25.80% of the company’s stock.
A hedge fund recently bought a new stake in General Finance stock. Raymond James Financial Services Advisors Inc. acquired a new stake in shares of General Finance Co. (NASDAQ:GFN) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 19,500 shares of the business services provider’s stock, valued at approximately $108,000. Raymond James Financial Services Advisors Inc. owned approximately 0.07% of General Finance as of its most recent SEC filing. 12.56% of the stock is owned by institutional investors and hedge funds.
Several analysts recently commented on GFN shares. Singular Research started coverage on General Finance in a research report on Tuesday, February 21st. They set a “buy” rating and a $9.20 price target for the company. Zacks Investment Research upgraded General Finance from a “sell” rating to a “hold” rating in a research report on Tuesday, February 28th.
General Finance Company Profile
General Finance Corporation is a specialty rental services company. The Company offers a range of portable storage units, including its core 20-feet and 40-feet steel containers, office container, mobile office and modular space products and steel tanks. It has two geographic areas that include its four operating segments: the Asia-Pacific area, consisting of the leasing operations of Royal Wolf Holdings Limited and its Australian and New Zealand subsidiaries (Royal Wolf), and North America, consisting of the combined leasing operations of Pac-Van, Inc and its Canadian subsidiary, PV Acquisition Corp.
Receive News & Ratings for General Finance Co. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Finance Co. and related companies with MarketBeat.com's FREE daily email newsletter.