Insider Market Move: The Insider, Ronald Valenta Invested in 8,000 Shares of General Finance Corporation (NASDAQ:GFN)

November 23, 2016 - By Peter Erickson

Insider Market Move: The Insider, Ronald Valenta Invested in 8,000 Shares of General Finance Corporation (NASDAQ:GFN)

Ronald Valenta Insider Buy

As reported in a legally required report that was submitted to the U.S. Security and Exchange Commission on November 23, 2016, Ronald Valenta an insider in General Finance Corp and currently Chief Executive Officer, invested in shares worth $33,200 U.S Dollars in the Pinksheet-listed company. He acquired 8,000 new shares, at average $4.2 per share. Ronald is trying to silently increase his company’s share, same as he did in the last month. He obtained another 8,000 shares worth $34,000 USD. Ronald Valenta presently holds 17.67% of the total market cap of the Company.

General Finance Corporation (NASDAQ:GFN) Ratings Coverage

Out of 2 analysts covering General Finance Corporation (NASDAQ:GFN), 1 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 50% are positive. General Finance Corporation has been the topic of 2 analyst reports since September 9, 2015 according to StockzIntelligence Inc. The firm has “Perform” rating given on Monday, September 21 by Oppenheimer.

Insitutional Activity: The institutional sentiment increased to 1.14 in Q2 2016. Its up 1.01, from 0.13 in 2016Q1. The ratio improved, as 7 funds sold all General Finance Corporation shares owned while 8 reduced positions. 1 funds bought stakes while 1 increased positions. They now own 3.60 million shares or 35.56% less from 5.58 million shares in 2016Q1.

Moreover, Geode Cap Management Limited Liability Com has 0% invested in General Finance Corporation (NASDAQ:GFN) for 10,949 shares. Tower Rech Cap Llc (Trc) has 0% invested in the company for 633 shares. The New York-based D E Shaw Co Incorporated has invested 0% in General Finance Corporation (NASDAQ:GFN). The New York-based Goldman Sachs Group has invested 0% in General Finance Corporation (NASDAQ:GFN). Bard Associate has 182,700 shares for 0.41% of their US portfolio. Wells Fargo Mn, a California-based fund reported 266 shares. M&T Savings Bank holds 25,000 shares or 0% of its portfolio. Renaissance Technologies Ltd Company, a New York-based fund reported 25,900 shares. Spark Invest Management Ltd Liability Corp owns 12,300 shares or 0% of their US portfolio. Vanguard Gp Incorporated Inc accumulated 270,787 shares or 0% of the stock. Moreover, Gagnon Ltd Limited Liability Company has 4.52% invested in General Finance Corporation (NASDAQ:GFN) for 2.22 million shares. Blackrock Investment Limited Liability Com accumulated 1,615 shares or 0% of the stock. Whittier Trust Com has 0.01% invested in the company for 62,459 shares. North Star Investment Management Corp has 150,100 shares for 0.12% of their US portfolio. Moreover, First Wilshire Mgmt Inc has 0.06% invested in General Finance Corporation (NASDAQ:GFN) for 45,291 shares.

Insider Transactions: Since August 10, 2016, the stock had 2 buys, and 1 insider sale for $24,416 net activity. Valenta Ronald also bought $34,000 worth of General Finance Corporation (NASDAQ:GFN) on Friday, October 21. ROSZAK JAMES B bought $22,715 worth of stock or 5,475 shares. GAGNON NEIL sold $32,299 worth of stock.

The stock decreased 3.61% or $0.15 on November 23, hitting $4. About 11,489 shares traded hands. General Finance Corporation (NASDAQ:GFN) has declined 12.26% since April 21, 2016 and is downtrending. It has underperformed by 17.59% the S&P500.

General Finance Corporation is a specialty rental services company. The company has a market cap of $105.15 million. The Firm 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 currently has negative earnings. It has two geographic areas that include its four operating divisions: the Asia-Pacific area, consisting of the leasing activities of Royal Wolf Holdings Limited and its Australian and New Zealand subsidiaries , and North America, consisting of the combined leasing activities of Pac-Van, Inc. and its Canadian subsidiary, PV Acquisition Corp. (Pac-Van) and Lone Star Tank Rental Inc. (Lone Star), and the manufacturing activities of GFN Manufacturing Corporation and its subsidiary, Southern Frac, LLC (Southern Frac).

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

Analysts await General Finance Corporation (NASDAQ:GFN) to report earnings on February, 13. After $-0.08 actual EPS reported by General Finance Corporation for the previous quarter, Wall Street now forecasts -50.00% EPS growth.

More news for General Finance Corporation (NASDAQ:GFN) were recently published by: Globenewswire.com, which released: “General Finance Corporation Reports First Quarter Results for Fiscal Year 2017” on November 07, 2016. Nasdaq.com‘s article titled: “General Finance Corporation to Announce First Quarter Fiscal Year 2017 ..” and published on October 20, 2016 is yet another important article.

GFN Company Profile

General Finance Corporation, incorporated on October 14, 2005, is a specialty rental services company. The Firm 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 divisions: the Asia-Pacific area, consisting of the leasing activities of Royal Wolf Holdings Limited and its Australian and New Zealand subsidiaries (Royal Wolf), and North America, consisting of the combined leasing activities of Pac-Van, Inc. and its Canadian subsidiary, PV Acquisition Corp. (Pac-Van) and Lone Star Tank Rental Inc. (Lone Star), and the manufacturing activities of GFN Manufacturing Corporation and its subsidiary, Southern Frac, LLC (Southern Frac). The Firm offered portable storage, modular space and liquid containment solutions with a lease fleet of 78,605 units, as of June 30, 2016. As of June 30, 2016, the Company had 80 branch locations across North America and the Asia-Pacific.

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