Teton Advisors Inc. Has $9.06 Million Position in Gencor Industries Inc. (GENC)
Teton Advisors Inc. increased its stake in shares of Gencor Industries Inc. (NASDAQ:GENC) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 559,354 shares of the industrial products company’s stock after buying an additional 4,854 shares during the period. Gencor Industries accounts for 0.9% of Teton Advisors Inc.’s investment portfolio, making the stock its 23rd largest position. Teton Advisors Inc. owned 3.89% of Gencor Industries worth $9,062,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Essex Investment Management Co. LLC increased its position in shares of Gencor Industries by 37.2% in the second quarter. Essex Investment Management Co. LLC now owns 99,596 shares of the industrial products company’s stock valued at $1,613,000 after buying an additional 26,993 shares during the period. Shufro Rose & Co. LLC bought a new position in shares of Gencor Industries during the second quarter valued at $413,000. Municipal Employees Retirement System of Michigan bought a new position in shares of Gencor Industries during the second quarter valued at $336,000. Finally, Bank of New York Mellon Corp increased its position in shares of Gencor Industries by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 64,310 shares of the industrial products company’s stock valued at $1,042,000 after buying an additional 983 shares during the period. Institutional investors own 38.33% of the company’s stock.
Shares of Gencor Industries Inc. (NASDAQ GENC) traded up 0.32% on Wednesday, hitting $15.90. The company’s stock had a trading volume of 338 shares. The company has a 50 day moving average of $16.13 and a 200 day moving average of $15.58. The firm has a market cap of $228.98 million, a PE ratio of 26.07 and a beta of 0.59. Gencor Industries Inc. has a 1-year low of $10.58 and a 1-year high of $17.20.
In related news, Director David Air sold 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 1st. The stock was sold at an average price of $16.10, for a total value of $32,200.00. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, major shareholder Sherry Houtkin sold 26,352 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $15.90, for a total value of $418,996.80. Following the completion of the sale, the insider now owns 1,466,124 shares in the company, valued at $23,311,371.60. The disclosure for this sale can be found here. Insiders have sold a total of 166,859 shares of company stock worth $2,675,187 over the last quarter. Insiders own 31.82% of the company’s stock.
About Gencor Industries
Gencor Industries, Inc is a manufacturer of heavy machinery used in the production of highway construction materials, synthetic fuels and environmental control equipment. The Company designs, manufactures and sells machinery and related equipment used primarily for the production of asphalt and highway construction materials.
Want to see what other hedge funds are holding GENC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gencor Industries Inc. (NASDAQ:GENC).
Receive News & Stock Ratings for Gencor Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gencor Industries Inc. and related stocks with our FREE daily email newsletter.