General Finance Corporation (GFN) CEO Acquires $60,480.00 in Stock
General Finance Corporation (NASDAQ:GFN) CEO Ronald Valenta bought 12,000 shares of the business’s stock in a transaction dated Friday, September 22nd. The shares were acquired at an average cost of $5.04 per share, with a total value of $60,480.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website.
Ronald Valenta also recently made the following trade(s):
- On Thursday, September 21st, Ronald Valenta acquired 822 shares of General Finance Corporation stock. The stock was purchased at an average cost of $5.02 per share, with a total value of $4,126.44.
- On Wednesday, September 20th, Ronald Valenta acquired 1,180 shares of General Finance Corporation stock. The stock was purchased at an average cost of $5.00 per share, with a total value of $5,900.00.
- On Tuesday, September 19th, Ronald Valenta acquired 11,200 shares of General Finance Corporation stock. The stock was purchased at an average cost of $4.94 per share, with a total value of $55,328.00.
- On Friday, September 8th, Ronald Valenta acquired 10,000 shares of General Finance Corporation stock. The stock was purchased at an average cost of $5.10 per share, with a total value of $51,000.00.
General Finance Corporation (NASDAQ GFN) opened at 5.05 on Monday. The company has a 50-day moving average price of $4.85 and a 200 day moving average price of $4.95. The stock’s market capitalization is $134.39 million. General Finance Corporation has a 1-year low of $4.00 and a 1-year high of $5.90.
General Finance Corporation (NASDAQ:GFN) last released its earnings results on Wednesday, September 6th. The business services provider reported ($0.07) earnings per share for the quarter, hitting analysts’ consensus estimates of ($0.07). The firm 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%. On average, equities analysts predict that General Finance Corporation will post ($0.15) EPS for the current year.
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Several equities analysts recently weighed in on GFN shares. ValuEngine raised General Finance Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, July 27th. Oppenheimer Holdings, Inc. reaffirmed a “hold” rating on shares of General Finance Corporation in a research note on Wednesday, September 20th. Zacks Investment Research raised General Finance Corporation from a “sell” rating to a “hold” rating in a research note on Friday, July 14th. Finally, TheStreet raised General Finance Corporation from a “d” rating to a “c-” rating in a research note on Wednesday, September 6th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and a consensus target price of $7.60.
Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Citadel Advisors LLC acquired a new stake in General Finance Corporation in the second quarter worth approximately $134,000. 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 increased 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 valued at $183,000 after buying an additional 7,276 shares in the last quarter. Finally, Gagnon Securities LLC bought a new position in shares of General Finance Corporation in the second quarter valued at $10,892,000. Hedge funds and other institutional investors own 19.11% 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.
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