StockNews.com initiated coverage on shares of Gencor Industries (NASDAQ:GENC – Get Rating) in a research note released on Monday morning. The firm issued a hold rating on the industrial products company’s stock.
Gencor Industries Stock Performance
NASDAQ GENC opened at $9.97 on Monday. The firm has a 50 day simple moving average of $9.52 and a 200-day simple moving average of $9.77. Gencor Industries has a one year low of $8.38 and a one year high of $12.32. The firm has a market cap of $146.16 million, a price-to-earnings ratio of -110.78 and a beta of 0.51.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently made changes to their positions in the business. Gamco Investors INC. ET AL boosted its stake in shares of Gencor Industries by 32.6% in the third quarter. Gamco Investors INC. ET AL now owns 96,400 shares of the industrial products company’s stock valued at $869,000 after purchasing an additional 23,700 shares during the period. Royce & Associates LP lifted its stake in Gencor Industries by 1.8% in the third quarter. Royce & Associates LP now owns 1,390,000 shares of the industrial products company’s stock worth $12,524,000 after acquiring an additional 24,000 shares during the last quarter. Brinker Capital Investments LLC lifted its stake in Gencor Industries by 6.9% in the third quarter. Brinker Capital Investments LLC now owns 83,186 shares of the industrial products company’s stock worth $750,000 after acquiring an additional 5,394 shares during the last quarter. Martin & Co. Inc. TN lifted its stake in Gencor Industries by 3.4% in the third quarter. Martin & Co. Inc. TN now owns 215,788 shares of the industrial products company’s stock worth $1,944,000 after acquiring an additional 7,021 shares during the last quarter. Finally, Marquette Asset Management LLC purchased a new position in Gencor Industries in the third quarter worth approximately $134,000. Hedge funds and other institutional investors own 40.84% of the company’s stock.
Gencor Industries Company Profile
Gencor Industries, Inc, together with its subsidiaries, designs, manufactures, and sells heavy machinery used in the production of highway construction materials and environmental control equipment. The company offers hot-mix asphalt plants to produce asphalt paving materials; related asphalt plant equipment, including hot-mix storage silos, fabric filtration systems, cold feed bins, and other plant components; and a range of mobile batch plants.
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