Insider Buying: General Finance Co. Common Stock (GFN) Major Shareholder Purchases 10,000 Shares of Stock

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General Finance Co. Common Stock (NASDAQ:GFN) major shareholder Ronald L. Havner, Jr. bought 10,000 shares of the business’s stock in a transaction on Monday, June 18th. The stock was bought at an average price of $11.95 per share, for a total transaction of $119,500.00. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Major shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

GFN traded down $0.05 during midday trading on Tuesday, hitting $11.90. The company had a trading volume of 229 shares, compared to its average volume of 105,219. General Finance Co. Common Stock has a 52 week low of $4.50 and a 52 week high of $12.00. The company has a current ratio of 1.56, a quick ratio of 1.12 and a debt-to-equity ratio of 3.89. The company has a market cap of $318.41 million, a P/E ratio of -47.80 and a beta of 1.16.

General Finance Co. Common Stock (NASDAQ:GFN) last posted its quarterly earnings results on Wednesday, May 9th. The business services provider reported ($0.06) earnings per share for the quarter, meeting the consensus estimate of ($0.06). General Finance Co. Common Stock had a net margin of 0.07% and a return on equity of 0.19%. The firm had revenue of $84.42 million during the quarter, compared to the consensus estimate of $76.30 million. research analysts forecast that General Finance Co. Common Stock will post -0.04 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently bought and sold shares of GFN. Monashee Investment Management LLC bought a new stake in General Finance Co. Common Stock in the fourth quarter valued at $171,000. Renaissance Technologies LLC increased its stake in General Finance Co. Common Stock by 83.3% in the fourth quarter. Renaissance Technologies LLC now owns 134,000 shares of the business services provider’s stock valued at $911,000 after purchasing an additional 60,900 shares in the last quarter. Weil Company Inc. bought a new stake in General Finance Co. Common Stock in the fourth quarter valued at $107,000. Deutsche Bank AG increased its stake in General Finance Co. Common Stock by 118.5% in the fourth quarter. Deutsche Bank AG now owns 31,246 shares of the business services provider’s stock valued at $212,000 after purchasing an additional 16,944 shares in the last quarter. Finally, Millennium Management LLC bought a new stake in General Finance Co. Common Stock in the fourth quarter valued at $265,000. 21.53% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on the stock. ValuEngine upgraded shares of General Finance Co. Common Stock from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. DA Davidson set a $13.00 target price on shares of General Finance Co. Common Stock and gave the stock a “buy” rating in a research note on Thursday, May 10th. Finally, Zacks Investment Research downgraded shares of General Finance Co. Common Stock from a “strong-buy” rating to a “hold” rating in a research note on Monday, April 16th. Two equities research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $13.00.

About General Finance Co. Common Stock

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.

Insider Buying and Selling by Quarter for General Finance Co. Common Stock (NASDAQ:GFN)

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