General Finance Co. Common Stock (GFN) Reaches New 12-Month High at $15.30

General Finance Co. Common Stock (NASDAQ:GFN) hit a new 52-week high on Thursday . The stock traded as high as $15.30 and last traded at $15.20, with a volume of 722 shares traded. The stock had previously closed at $15.25.

Separately, Zacks Investment Research raised shares of General Finance Co. Common Stock from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Thursday, July 5th.

The company has a current ratio of 1.56, a quick ratio of 1.12 and a debt-to-equity ratio of 4.20.

In other news, major shareholder Havner Family Trust bought 32,637 shares of the firm’s stock in a transaction that occurred on Monday, June 25th. The stock was bought at an average price of $12.52 per share, with a total value of $408,615.24. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Theodore M. Mourouzis sold 2,285 shares of the stock in a transaction that occurred on Tuesday, June 19th. The shares were sold at an average price of $11.96, for a total transaction of $27,328.60. Following the sale, the insider now directly owns 437,849 shares of the company’s stock, valued at approximately $5,236,674.04. The disclosure for this sale can be found here. In the last ninety days, insiders bought 342,534 shares of company stock valued at $4,446,841 and sold 295,572 shares valued at $4,104,732. 25.90% of the stock is currently owned by corporate insiders.

A number of large investors have recently bought and sold shares of GFN. Virtu Financial LLC purchased a new stake in General Finance Co. Common Stock during the second quarter valued at approximately $162,000. Russell Investments Group Ltd. purchased a new stake in General Finance Co. Common Stock during the second quarter valued at approximately $206,000. Deutsche Bank AG lifted its position in General Finance Co. Common Stock by 118.5% during the fourth quarter. Deutsche Bank AG now owns 31,246 shares of the business services provider’s stock valued at $212,000 after acquiring an additional 16,944 shares during the last quarter. Schwab Charles Investment Management Inc. purchased a new stake in General Finance Co. Common Stock during the second quarter valued at approximately $244,000. Finally, Millennium Management LLC purchased a new stake in General Finance Co. Common Stock during the fourth quarter valued at approximately $265,000. 23.44% of the stock is owned by institutional investors.

About General Finance Co. Common Stock (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.

See Also: Risk Tolerance

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