General Finance Co. Common Stock (NASDAQ:GFN) Position Increased by Royce & Associates LP
Royce & Associates LP increased its holdings in General Finance Co. Common Stock (NASDAQ:GFN) by 111.6% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,025 shares of the business services provider’s stock after acquiring an additional 23,748 shares during the period. Royce & Associates LP owned about 0.17% of General Finance Co. Common Stock worth $610,000 at the end of the most recent quarter.
Several other hedge funds have also added to or reduced their stakes in the company. Virtu Financial LLC purchased a new stake in shares of General Finance Co. Common Stock during the second quarter worth $162,000. Russell Investments Group Ltd. purchased a new stake in shares of General Finance Co. Common Stock during the second quarter worth $206,000. Deutsche Bank AG lifted its position in shares of 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 worth $212,000 after acquiring an additional 16,944 shares in the last quarter. Schwab Charles Investment Management Inc. purchased a new stake in shares of General Finance Co. Common Stock during the second quarter worth $244,000. Finally, Millennium Management LLC purchased a new stake in shares of General Finance Co. Common Stock in the fourth quarter worth $265,000. 23.44% of the stock is owned by institutional investors.
In related news, insider Theodore M. Mourouzis sold 38,467 shares of the stock in a transaction on Friday, June 22nd. The stock was sold at an average price of $12.00, for a total value of $461,604.00. Following the transaction, the insider now owns 487,726 shares of the company’s stock, valued at $5,852,712. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, insider Theodore M. Mourouzis sold 2,285 shares of the stock in a transaction on Tuesday, June 19th. The shares were sold at an average price of $11.96, for a total value of $27,328.60. Following the completion of the transaction, the insider now directly owns 437,849 shares in the company, valued at approximately $5,236,674.04. The disclosure for this sale can be found here. In the last quarter, insiders purchased 342,534 shares of company stock worth $4,446,841 and sold 295,572 shares worth $4,104,732. Company insiders own 25.90% of the company’s stock.
Shares of GFN stock traded up $0.12 on Friday, reaching $15.40. The company’s stock had a trading volume of 182,695 shares, compared to its average volume of 172,410. The company has a current ratio of 1.56, a quick ratio of 1.12 and a debt-to-equity ratio of 4.20. General Finance Co. Common Stock has a 12-month low of $4.75 and a 12-month high of $15.40.
About General Finance Co. Common Stock
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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