Insider Buying: General Finance Corporation (GFN) Director Acquires 4,700 Shares of Stock
General Finance Corporation (NASDAQ:GFN) Director James B. Roszak purchased 4,700 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were purchased at an average cost of $5.20 per share, with a total value of $24,440.00. Following the acquisition, the director now owns 97,377 shares in the company, valued at approximately $506,360.40. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.
Shares of General Finance Corporation (GFN) traded up 2.00% during trading on Friday, reaching $5.10. 59,682 shares of the company traded hands. The stock’s market capitalization is $134.84 million. The firm’s 50-day moving average is $4.79 and its 200-day moving average is $4.95. General Finance Corporation has a 12-month low of $4.00 and a 12-month high of $5.90.
General Finance Corporation (NASDAQ:GFN) last announced its earnings results on Wednesday, September 6th. The business services provider reported ($0.07) earnings per share (EPS) for the quarter, meeting the consensus estimate of ($0.07). General Finance Corporation had a negative net margin of 0.90% and a negative return on equity of 1.37%. The business had revenue of $73.34 million during the quarter, compared to analyst estimates of $70.95 million. On average, equities analysts predict that General Finance Corporation will post ($0.12) earnings per share for the current fiscal year.
ILLEGAL ACTIVITY NOTICE: This piece of content was originally reported by American Banking News and is the property of of American Banking News. If you are reading this piece of content on another domain, it was stolen and republished in violation of international trademark and copyright laws. The original version of this piece of content can be accessed at https://www.americanbankingnews.com/2017/09/08/insider-buying-general-finance-corporation-gfn-director-acquires-4700-shares-of-stock.html.
A number of analysts have recently weighed in on GFN shares. Zacks Investment Research downgraded shares of General Finance Corporation from a “hold” rating to a “sell” rating in a report on Monday, May 15th. ValuEngine raised shares of General Finance Corporation from a “sell” rating to a “hold” rating in a report on Friday, June 2nd.
A number of institutional investors have recently made changes to their positions in the business. Raymond James Financial Services Advisors Inc. lifted its holdings in shares of General Finance Corporation by 6.5% in the 2nd quarter. Raymond James Financial Services Advisors Inc. now owns 31,300 shares of the business services provider’s stock worth $161,000 after acquiring an additional 1,900 shares during the last quarter. Renaissance Technologies LLC lifted its holdings in shares of General Finance Corporation by 25.4% in the 1st 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 last quarter. Citadel Advisors LLC bought a new stake in shares of General Finance Corporation in the 2nd quarter worth approximately $134,000. Finally, Gagnon Securities LLC bought a new stake in shares of General Finance Corporation in the 2nd quarter worth approximately $10,892,000. Institutional investors and hedge funds own 19.23% of the company’s stock.
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.
Receive News & Ratings for General Finance Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Finance Corporation and related companies with MarketBeat.com's FREE daily email newsletter.