General Finance (GFN) Cut to “Hold” at ValuEngine

ValuEngine downgraded shares of General Finance (NASDAQ:GFN) from a buy rating to a hold rating in a report released on Friday.

Separately, Zacks Investment Research raised General Finance from a hold rating to a strong-buy rating and set a $16.00 price objective on the stock in a research note on Friday, September 7th.

NASDAQ:GFN opened at $11.60 on Friday. The stock has a market capitalization of $351.28 million, a P/E ratio of 193.33, a price-to-earnings-growth ratio of 2.51 and a beta of 1.33. The company has a current ratio of 1.44, a quick ratio of 0.95 and a debt-to-equity ratio of 2.93. General Finance has a twelve month low of $6.20 and a twelve month high of $16.15.

General Finance (NASDAQ:GFN) last released its quarterly earnings data on Tuesday, November 6th. The business services provider reported $0.08 earnings per share for the quarter, beating the consensus estimate of ($0.02) by $0.10. The business had revenue of $97.79 million for the quarter, compared to analyst estimates of $86.10 million. General Finance had a positive return on equity of 4.81% and a negative net margin of 2.29%. Equities analysts predict that General Finance will post 0.42 EPS for the current fiscal year.

In related news, insider Theodore M. Mourouzis sold 11,525 shares of the firm’s stock in a transaction dated Tuesday, September 25th. The stock was sold at an average price of $15.30, for a total value of $176,332.50. Following the sale, the insider now directly owns 467,299 shares of the company’s stock, valued at $7,149,674.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Theodore M. Mourouzis sold 8,596 shares of General Finance stock in a transaction dated Friday, October 5th. The shares were sold at an average price of $16.00, for a total value of $137,536.00. Following the sale, the insider now directly owns 469,868 shares in the company, valued at $7,517,888. The disclosure for this sale can be found here. Insiders sold 22,618 shares of company stock worth $349,530 over the last ninety days. 23.00% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the company. Citadel Advisors LLC acquired a new stake in shares of General Finance during the third quarter valued at about $165,000. Alambic Investment Management L.P. acquired a new stake in shares of General Finance during the third quarter valued at about $168,000. Russell Investments Group Ltd. acquired a new stake in shares of General Finance during the second quarter valued at about $206,000. Trexquant Investment LP acquired a new stake in shares of General Finance during the third quarter valued at about $251,000. Finally, Dynamic Technology Lab Private Ltd acquired a new stake in shares of General Finance during the third quarter valued at about $266,000. 23.48% of the stock is currently owned by hedge funds and other institutional investors.

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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To view ValuEngine’s full report, visit ValuEngine’s official website.

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