General Finance (NASDAQ:GFN) issued its quarterly earnings data on Monday. The business services provider reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.11 by $0.03, MarketWatch Earnings reports. General Finance had a positive return on equity of 4.81% and a negative net margin of 2.29%. General Finance updated its FY 2019 guidance to EPS.
NASDAQ:GFN opened at $10.90 on Tuesday. The firm has a market capitalization of $287.66 million, a P/E ratio of 181.67, a P/E/G ratio of 2.06 and a beta of 1.47. General Finance has a 12-month low of $6.80 and a 12-month high of $16.15. The company has a quick ratio of 0.95, a current ratio of 1.44 and a debt-to-equity ratio of 2.93.
In related news, major shareholder Neil Gagnon bought 815 shares of the firm’s stock in a transaction that occurred on Thursday, December 27th. The stock was purchased at an average cost of $98.62 per share, for a total transaction of $80,375.30. Following the completion of the acquisition, the insider now owns 14,183 shares in the company, valued at approximately $1,398,727.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ronald Valenta sold 60,000 shares of General Finance stock in a transaction dated Tuesday, January 8th. The stock was sold at an average price of $10.86, for a total value of $651,600.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 62,497 shares of company stock valued at $687,261. 23.00% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Bank of New York Mellon Corp lifted its holdings in General Finance by 4.3% during the 4th quarter. Bank of New York Mellon Corp now owns 34,691 shares of the business services provider’s stock worth $351,000 after buying an additional 1,425 shares during the last quarter. BlackRock Inc. lifted its holdings in General Finance by 8.5% during the 4th quarter. BlackRock Inc. now owns 701,785 shares of the business services provider’s stock worth $7,095,000 after buying an additional 54,864 shares during the last quarter. Acadian Asset Management LLC lifted its holdings in General Finance by 26.4% during the 4th quarter. Acadian Asset Management LLC now owns 46,543 shares of the business services provider’s stock worth $471,000 after buying an additional 9,721 shares during the last quarter. Litman Gregory Asset Management LLC lifted its holdings in General Finance by 46.2% during the 4th quarter. Litman Gregory Asset Management LLC now owns 50,913 shares of the business services provider’s stock worth $515,000 after buying an additional 16,086 shares during the last quarter. Finally, Rhumbline Advisers purchased a new stake in General Finance during the 4th quarter worth about $129,000. 23.77% of the stock is owned by institutional investors.
Separately, ValuEngine lowered General Finance from a “buy” rating to a “hold” rating in a report on Friday, January 25th.
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About General Finance
General Finance Corporation, a specialty rental services company, provides portable storage, modular space, and liquid containment solutions in North America and the Asia-Pacific regions. Its portable storage products include storage containers used in classroom equipment storage, construction equipment and tool storage, disaster shelters, landscaping sheds, recreational equipment storage, and retail inventory storage applications; and freight containers used in freight transportation by road and rail.
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