Wells Fargo & Company MN lowered its stake in shares of General Finance Co. (NASDAQ:GFN) by 16.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 19,079 shares of the business services provider’s stock after selling 3,808 shares during the period. Wells Fargo & Company MN’s holdings in General Finance were worth $159,000 as of its most recent filing with the Securities and Exchange Commission.
Separately, Marshall Wace LLP acquired a new stake in shares of General Finance in the 1st quarter worth about $81,000. Institutional investors own 23.80% of the company’s stock.
GFN opened at $8.38 on Friday. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.47 and a quick ratio of 1.07. General Finance Co. has a fifty-two week low of $6.95 and a fifty-two week high of $15.64. The firm has a market capitalization of $255.84 million, a PE ratio of 29.93, a P/E/G ratio of 1.03 and a beta of 1.55. The company’s 50-day moving average is $8.54 and its 200 day moving average is $8.39.
GFN has been the topic of a number of analyst reports. ValuEngine upgraded shares of General Finance from a “sell” rating to a “hold” rating in a report on Tuesday, September 17th. Zacks Investment Research lowered shares of General Finance from a “buy” rating to a “hold” rating in a report on Monday, July 15th.
About General Finance
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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