Bank of America Corp DE lifted its stake in General Finance Co. (NASDAQ:GFN) by 13.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,757 shares of the business services provider’s stock after buying an additional 1,282 shares during the period. Bank of America Corp DE’s holdings in General Finance were worth $108,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Rhumbline Advisers bought a new stake in General Finance during the 4th quarter worth approximately $129,000. Bank of New York Mellon Corp grew its position 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 acquiring an additional 1,425 shares during the last quarter. Mackay Shields LLC bought a new stake in General Finance during the 4th quarter worth approximately $393,000. Acadian Asset Management LLC grew its position 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 acquiring an additional 9,721 shares during the last quarter. Finally, TIAA CREF Investment Management LLC grew its position in General Finance by 104.6% during the 3rd quarter. TIAA CREF Investment Management LLC now owns 30,619 shares of the business services provider’s stock worth $488,000 after acquiring an additional 15,657 shares during the last quarter. 23.95% of the stock is owned by institutional investors and hedge funds.

A number of equities research analysts recently commented on GFN shares. Zacks Investment Research upgraded General Finance from a “hold” rating to a “buy” rating and set a $10.00 price target on the stock in a research report on Monday, May 13th. DA Davidson restated a “buy” rating on shares of General Finance in a research report on Monday, February 11th. Finally, ValuEngine lowered General Finance from a “hold” rating to a “sell” rating in a research report on Friday, May 17th.

NASDAQ GFN opened at $7.75 on Tuesday. The company has a market cap of $234.90 million, a P/E ratio of 129.17, a price-to-earnings-growth ratio of 2.04 and a beta of 1.54. General Finance Co. has a one year low of $7.28 and a one year high of $16.15. The company has a debt-to-equity ratio of 3.18, a quick ratio of 1.08 and a current ratio of 1.62.

WARNING: This piece was posted by Watch List News and is the property of of Watch List News. If you are reading this piece on another website, it was illegally copied and republished in violation of US & international copyright laws. The original version of this piece can be read at https://www.watchlistnews.com/bank-of-america-corp-de-buys-1282-shares-of-general-finance-co-gfn/3030860.html.

General Finance Profile

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.

See Also: Overbought

Want to see what other hedge funds are holding GFN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for General Finance Co. (NASDAQ:GFN).

Institutional Ownership by Quarter for General Finance (NASDAQ:GFN)

Receive News & Ratings for General Finance Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for General Finance and related companies with MarketBeat.com's FREE daily email newsletter.