General Finance (GFN) Downgraded by Zacks Investment Research

Zacks Investment Research cut shares of General Finance (NASDAQ:GFN) from a buy rating to a hold rating in a research report released on Tuesday morning, Zacks.com reports.

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

GFN has been the topic of a number of other reports. ValuEngine lowered shares of General Finance from a buy rating to a hold rating in a research report on Friday, January 25th. DA Davidson reiterated a buy rating on shares of General Finance in a research report on Monday, February 11th.

Shares of General Finance stock opened at $8.25 on Tuesday. The company has a current ratio of 1.62, a quick ratio of 0.96 and a debt-to-equity ratio of 3.18. The stock has a market cap of $250.06 million, a price-to-earnings ratio of 137.50, a PEG ratio of 2.33 and a beta of 1.45. General Finance has a 1-year low of $7.75 and a 1-year high of $16.15.

Several hedge funds have recently made changes to their positions in GFN. Bank of New York Mellon Corp increased its position in shares of General Finance by 38.9% during the third quarter. Bank of New York Mellon Corp now owns 33,266 shares of the business services provider’s stock worth $531,000 after acquiring an additional 9,313 shares in the last quarter. BlackRock Inc. grew its position in General Finance by 32.2% in the third quarter. BlackRock Inc. now owns 646,921 shares of the business services provider’s stock valued at $10,318,000 after purchasing an additional 157,700 shares in the last quarter. JPMorgan Chase & Co. grew its position in General Finance by 163.0% in the third quarter. JPMorgan Chase & Co. now owns 99,685 shares of the business services provider’s stock valued at $1,590,000 after purchasing an additional 61,781 shares in the last quarter. TIAA CREF Investment Management LLC grew its position in General Finance by 104.6% in the third quarter. TIAA CREF Investment Management LLC now owns 30,619 shares of the business services provider’s stock valued at $488,000 after purchasing an additional 15,657 shares in the last quarter. Finally, Assenagon Asset Management S.A. bought a new position in General Finance in the fourth quarter valued at $1,343,000. Institutional investors own 24.25% of the company’s stock.

General Finance Company Profile

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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