Other analysts have also recently issued reports about the company. DA Davidson cut their target price on General Finance from $12.00 to $9.00 and set a buy rating on the stock in a research note on Wednesday, May 6th. Zacks Investment Research upgraded shares of General Finance from a sell rating to a hold rating in a report on Tuesday, July 14th. TheStreet lowered shares of General Finance from a c rating to a d+ rating in a report on Monday, May 18th. Finally, Oppenheimer started coverage on shares of General Finance in a report on Tuesday, May 5th. They issued a hold rating for the company. Three analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus price target of $7.50.
Shares of NASDAQ GFN traded down $0.22 during trading hours on Thursday, hitting $5.88. The company’s stock had a trading volume of 16,275 shares, compared to its average volume of 33,990. The company has a debt-to-equity ratio of 3.17, a quick ratio of 1.05 and a current ratio of 1.43. The stock has a market cap of $180.25 million, a price-to-earnings ratio of 8.91, a P/E/G ratio of 1.81 and a beta of 1.19. General Finance has a 12 month low of $4.62 and a 12 month high of $11.24. The business has a 50-day simple moving average of $6.33 and a 200-day simple moving average of $7.22.
In other General Finance news, Director Larry D. Tashjian bought 8,500 shares of the stock in a transaction dated Wednesday, May 13th. The stock was purchased at an average cost of $4.91 per share, for a total transaction of $41,735.00. Following the completion of the acquisition, the director now owns 42,004 shares of the company’s stock, valued at $206,239.64. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, VP Christopher A. Wilson sold 28,500 shares of General Finance stock in a transaction that occurred on Friday, July 24th. The shares were sold at an average price of $5.97, for a total transaction of $170,145.00. Following the transaction, the vice president now owns 166,852 shares of the company’s stock, valued at $996,106.44. The disclosure for this sale can be found here. Insiders have bought 10,370 shares of company stock valued at $70,961 over the last quarter. Company insiders own 27.40% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in GFN. Marshall Wace LLP purchased a new position in General Finance in the 1st quarter worth approximately $81,000. UBS Group AG raised its holdings in General Finance by 69.2% in the 4th quarter. UBS Group AG now owns 14,761 shares of the business services provider’s stock worth $163,000 after acquiring an additional 6,037 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in General Finance by 3.6% in the 4th quarter. Bank of New York Mellon Corp now owns 55,320 shares of the business services provider’s stock worth $613,000 after acquiring an additional 1,942 shares during the last quarter. Geode Capital Management LLC raised its holdings in General Finance by 0.9% in the 4th quarter. Geode Capital Management LLC now owns 192,691 shares of the business services provider’s stock worth $2,133,000 after acquiring an additional 1,644 shares during the last quarter. Finally, Raymond James Financial Services Advisors Inc. raised its holdings in General Finance by 30.8% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 64,650 shares of the business services provider’s stock worth $403,000 after acquiring an additional 15,223 shares during the last quarter. Institutional investors own 23.33% of the company’s stock.
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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