The General Finance Co. (GFN) Stock Rating Lowered by Zacks Investment Research

The General Finance Co. (GFN) Stock Rating Lowered by Zacks Investment Research

According to Zacks, “General Finance Corporation provides mobile storage, liquid containment and modular space solutions. General Finance Corporation is headquartered in Pasadena, California. “

General Finance Co. (NASDAQ:GFN) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a research report issued on Monday, May 15th.

Separately, Singular Research began coverage on shares of General Finance in a research note on Tuesday, February 21st. They issued a “buy” rating and a $9.20 price target on the stock. General Finance (GFN) opened at 5.20 on Monday. The stock’s market cap is $137.49 million. The stock has a 50 day moving average of $5.04 and a 200 day moving average of $5.02. General Finance has a 12-month low of $4.00 and a 12-month high of $5.90.

In other General Finance news, major shareholder Neil Gagnon sold 5,690 shares of the firm’s stock in a transaction on Monday, April 17th. The stock was sold at an average price of $5.05, for a total value of $28,734.50. Following the transaction, the insider now owns 965,078 shares in the company, valued at approximately $4,873,643.90. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Gregory B. Baker sold 6,085 shares of the firm’s stock in a transaction on Wednesday, March 8th. The shares were sold at an average price of $5.05, for a total value of $30,729.25. Following the completion of the transaction, the chief financial officer now owns 7,550 shares in the company, valued at approximately $38,127.50. The disclosure for this sale can be found here. 25.80% of the stock is currently owned by company insiders. A hedge fund recently bought a new stake in General Finance stock. Raymond James Financial Services Advisors Inc. acquired a new position in shares of General Finance Co. (NASDAQ:GFN) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 19,500 shares of the business services provider’s stock, valued at approximately $108,000. Raymond James Financial Services Advisors Inc. owned approximately 0.07% of General Finance as of its most recent filing with the SEC. 12.56% of the stock is currently owned by institutional investors and hedge funds.

General Finance Company Profile General Finance Corporation is a specialty rental services company. The Company offers a range of portable storage units, including its core 20-feet and 40-feet steel containers, office container, mobile office and modular space products and steel tanks. It has two geographic areas that include its four operating segments: the Asia-Pacific area, consisting of the leasing operations of Royal Wolf Holdings Limited and its Australian and New Zealand subsidiaries (Royal Wolf), and North America, consisting of the combined leasing operations of Pac-Van, Inc and its Canadian subsidiary, PV Acquisition Corp.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:GFN”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

Get a free copy of the Zacks research report on General Finance (GFN) For more information about research offerings from Zacks Investment Research, visit Zacks.com

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