General Finance Corporation (GFN) Given Hold Rating at Oppenheimer Holdings, Inc.
Several other equities analysts also recently issued reports on the company. TheStreet upgraded General Finance Corporation from a d rating to a c- rating in a research report on Wednesday, September 6th. ValuEngine upgraded General Finance Corporation from a sell rating to a hold rating in a research report on Wednesday, September 6th. Finally, Zacks Investment Research upgraded General Finance Corporation from a sell rating to a hold rating in a research report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and two have assigned a buy rating to the company’s stock. The stock has an average rating of Hold and a consensus price target of $7.60.
General Finance Corporation (NASDAQ:GFN) opened at 5.05 on Wednesday. General Finance Corporation has a 52 week low of $4.00 and a 52 week high of $5.90. The stock’s market capitalization is $134.39 million. The stock’s 50 day moving average price is $4.85 and its 200-day moving average price is $4.95.
General Finance Corporation (NASDAQ:GFN) last issued its quarterly earnings data on Wednesday, September 6th. The business services provider reported ($0.07) earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of ($0.07). The business had revenue of $73.34 million during the quarter, compared to the consensus estimate of $70.95 million. General Finance Corporation had a negative return on equity of 1.37% and a negative net margin of 0.90%. Equities research analysts expect that General Finance Corporation will post ($0.15) earnings per share for the current year.
In other news, CEO Ronald Valenta bought 10,000 shares of the business’s stock in a transaction on Friday, September 8th. The stock was purchased at an average cost of $5.10 per share, for a total transaction of $51,000.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, major shareholder Neil Gagnon sold 24,832 shares of the company’s stock in a transaction that occurred on Friday, June 30th. The stock was sold at an average price of $5.03, for a total value of $124,904.96. Following the completion of the sale, the insider now owns 963,102 shares of the company’s stock, valued at $4,844,403.06. The disclosure for this sale can be found here. Over the last quarter, insiders have bought 39,902 shares of company stock valued at $201,274. Insiders own 25.80% of the company’s stock.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in GFN. Raymond James Financial Services Advisors Inc. lifted its position in 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 purchasing an additional 9,900 shares during the period. Renaissance Technologies LLC lifted its position in 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 purchasing an additional 7,276 shares during the period. Gagnon Securities LLC acquired a new stake in General Finance Corporation in the second quarter worth approximately $10,892,000. Finally, Citadel Advisors LLC acquired a new stake in General Finance Corporation in the second quarter worth approximately $134,000. Hedge funds and other institutional investors own 19.11% of the company’s stock.
About General Finance Corporation
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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