Could General Finance Corporation (GFN) Lose its Strength? The Stock Reaches 52-Week High

April 17, 2018 - By Peter Erickson

Investors sentiment decreased to 1.57 in Q4 2017. Its down 0.10, from 1.67 in 2017Q3. It worsened, as 4 investors sold General Finance Corporation shares while 3 reduced holdings. 3 funds opened positions while 8 raised stakes. 5.35 million shares or 4.67% more from 5.11 million shares in 2017Q3 were reported.
Geode Ltd Liability Co, Massachusetts-based fund reported 13,475 shares. First Wilshire Secs Management has 0.08% invested in General Finance Corporation (NASDAQ:GFN) for 45,291 shares. Vanguard Grp Inc Inc owns 349,007 shares. Stifel Finance accumulated 10,000 shares. Caprock Gru owns 0.01% invested in General Finance Corporation (NASDAQ:GFN) for 11,000 shares. Bard Associate owns 176,000 shares for 0.57% of their portfolio. D E Shaw & Company invested 0% in General Finance Corporation (NASDAQ:GFN). Bridgeway Mgmt owns 315,021 shares or 0.02% of their US portfolio. Millennium Llc reported 0% of its portfolio in General Finance Corporation (NASDAQ:GFN). Gagnon Secs Ltd Liability Corporation reported 2.08M shares. Renaissance Technology Limited Company invested 0% of its portfolio in General Finance Corporation (NASDAQ:GFN). Fincl Bank Of America Corporation De holds 495 shares or 0% of its portfolio. Deutsche Commercial Bank Ag stated it has 0% of its portfolio in General Finance Corporation (NASDAQ:GFN). Whittier Tru reported 62,459 shares. Gagnon Lc owns 1.86M shares.

Since February 12, 2018, it had 1 buy, and 17 insider sales for $4.55 million activity. 1,765 shares were bought by Valenta Ronald, worth $13,304 on Monday, April 9. Shares for $142,280 were sold by GAGNON NEIL.

The stock of General Finance Corporation (NASDAQ:GFN) hit a new 52-week high and has $8.81 target or 4.00 % above today’s $8.48 share price. The 5 months bullish chart indicates low risk for the $226.47M company. The 1-year high was reported on Apr, 17 by Barchart.com. If the $8.81 price target is reached, the company will be worth $9.06 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 1.19% or $0.1 during the last trading session, reaching $8.475. About 19,137 shares traded. General Finance Corporation (NASDAQ:GFN) has risen 46.53% since April 17, 2017 and is uptrending. It has outperformed by 34.98% the S&P500.

Analysts await General Finance Corporation (NASDAQ:GFN) to report earnings on May, 9. They expect $-0.05 EPS, up 37.50 % or $0.03 from last year’s $-0.08 per share. After $0.08 actual EPS reported by General Finance Corporation for the previous quarter, Wall Street now forecasts -162.50 % negative EPS growth.

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. The company has market cap of $226.47 million. The Company’s 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. It currently has negative earnings. The companyÂ’s modular space products comprise office container products, modular buildings, and mobile offices used in various applications, such as general administrative office space, military installations, workforce living accommodations, bank branches, classrooms/education, construction offices, daycare facilities, dormitories, healthcare facilities, rental facilities, retail space, and shelters.

General Finance Corporation (NASDAQ:GFN) Institutional Positions Chart

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