General Finance Corporation (GFN) Upgraded to “Hold” by ValuEngine
ValuEngine upgraded shares of General Finance Corporation (NASDAQ:GFN) from a sell rating to a hold rating in a research note released on Thursday morning.
Separately, Zacks Investment Research cut shares of General Finance Corporation from a hold rating to a sell rating in a research note on Monday, May 15th.
General Finance Corporation (NASDAQ GFN) opened at 4.85 on Thursday. General Finance Corporation has a 1-year low of $4.00 and a 1-year high of $5.90. The stock has a 50 day moving average of $4.83 and a 200 day moving average of $5.04. The stock’s market capitalization is $128.23 million.
General Finance Corporation (NASDAQ:GFN) last issued its quarterly earnings data on Wednesday, May 10th. The business services provider reported ($0.08) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.07) by $0.01. The business had revenue of $68.46 million during the quarter, compared to analyst estimates of $67.85 million. General Finance Corporation had a negative net margin of 1.81% and a negative return on equity of 1.76%. On average, analysts expect that General Finance Corporation will post ($0.26) earnings per share for the current year.
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In other General Finance Corporation news, major shareholder Neil Gagnon sold 24,832 shares of the firm’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $5.03, for a total transaction of $124,904.96. Following the sale, the insider now directly owns 963,102 shares of the company’s stock, valued at approximately $4,844,403.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 25.80% of the stock is owned by company insiders.
Several large investors have recently added to or reduced their stakes in GFN. Gagnon Securities LLC purchased a new stake in General Finance Corporation during the second quarter valued at about $10,892,000. Renaissance Technologies LLC boosted its stake 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 valued at $183,000 after buying an additional 7,276 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its stake 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 valued at $150,000 after buying an additional 9,900 shares in the last quarter. 11.33% of the stock is currently owned by institutional investors.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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