General Finance (GFN) Reaches New 1-Year High at $15.45
General Finance Co. (NASDAQ:GFN) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $15.45 and last traded at $15.40, with a volume of 1395 shares changing hands. The stock had previously closed at $15.20.
Separately, Zacks Investment Research lowered General Finance from a “buy” rating to a “hold” rating in a report on Wednesday, July 18th.
The company has a quick ratio of 1.12, a current ratio of 1.56 and a debt-to-equity ratio of 4.20.
A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Virtu Financial LLC acquired a new stake in General Finance in the 2nd quarter worth approximately $162,000. Spark Investment Management LLC lifted its holdings in General Finance by 137.3% in the 2nd quarter. Spark Investment Management LLC now owns 26,100 shares of the business services provider’s stock worth $353,000 after purchasing an additional 15,100 shares during the last quarter. Russell Investments Group Ltd. acquired a new stake in General Finance in the 2nd quarter worth approximately $206,000. Schwab Charles Investment Management Inc. acquired a new stake in General Finance in the 2nd quarter worth approximately $244,000. Finally, Royce & Associates LP lifted its holdings in General Finance by 111.6% in the 2nd quarter. Royce & Associates LP now owns 45,025 shares of the business services provider’s stock worth $610,000 after purchasing an additional 23,748 shares during the last quarter. Hedge funds and other institutional investors own 23.15% of the company’s stock.
General Finance Company Profile (NASDAQ:GFN)
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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