General Finance Corporation (GFN) CEO Purchases $51,000.00 in Stock
General Finance Corporation (NASDAQ:GFN) CEO Ronald Valenta purchased 10,000 shares of General Finance Corporation stock in a transaction that occurred on Friday, September 8th. The stock was purchased at an average price of $5.10 per share, with a total value of $51,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
General Finance Corporation (NASDAQ:GFN) traded up 2.00% during mid-day trading on Friday, hitting $5.10. The stock had a trading volume of 59,682 shares. The company’s market cap is $134.84 million. General Finance Corporation has a 12 month low of $4.00 and a 12 month high of $5.90. The firm’s 50-day moving average is $4.79 and its 200 day moving average is $4.95.
General Finance Corporation (NASDAQ:GFN) last released its earnings results on Wednesday, September 6th. The business services provider reported ($0.07) earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of ($0.07). General Finance Corporation had a negative return on equity of 1.37% and a negative net margin of 0.90%. The business had revenue of $73.34 million during the quarter, compared to the consensus estimate of $70.95 million. Equities analysts anticipate that General Finance Corporation will post ($0.12) EPS for the current fiscal year.
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A number of large investors have recently added to or reduced their stakes in GFN. Gagnon Securities LLC bought a new position in shares of General Finance Corporation in the second quarter worth $10,892,000. Citadel Advisors LLC bought a new position in shares of General Finance Corporation in the second quarter worth $134,000. Raymond James Financial Services Advisors Inc. boosted its holdings in shares of General Finance Corporation by 50.8% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 29,400 shares of the business services provider’s stock worth $150,000 after acquiring an additional 9,900 shares during the period. Finally, Renaissance Technologies LLC boosted its holdings in shares of General Finance Corporation by 25.4% in the first quarter. Renaissance Technologies LLC now owns 35,972 shares of the business services provider’s stock worth $183,000 after acquiring an additional 7,276 shares during the period. 19.23% of the stock is owned by institutional investors and hedge funds.
GFN has been the subject of several recent research reports. ValuEngine upgraded General Finance Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Zacks Investment Research upgraded General Finance Corporation from a “sell” rating to a “hold” rating in a research note on Friday, July 14th.
General Finance Corporation 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.
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