North Star Investment Management Corp. Buys 101,000 Shares of Gencor Industries, Inc. $GENC

North Star Investment Management Corp. boosted its stake in Gencor Industries, Inc. (NASDAQ:GENC) by 631.2% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 117,000 shares of the company’s stock after purchasing an additional 101,000 shares during the period. North Star Investment Management Corp.’s holdings in Gencor Industries were worth $1,755,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Royal Bank of Canada increased its stake in shares of Gencor Industries by 295.9% in the fourth quarter. Royal Bank of Canada now owns 1,932 shares of the company’s stock worth $25,000 after buying an additional 1,444 shares during the period. BNP Paribas Financial Markets boosted its position in Gencor Industries by 104.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 2,633 shares of the company’s stock valued at $39,000 after buying an additional 1,343 shares during the period. eCIO Inc. bought a new stake in Gencor Industries in the 4th quarter worth $46,000. Los Angeles Capital Management LLC bought a new stake in Gencor Industries in the 4th quarter worth $55,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Gencor Industries in the second quarter valued at about $75,000.

Gencor Industries Trading Down 0.9%

Shares of NASDAQ:GENC opened at $15.05 on Tuesday. The company has a market cap of $220.60 million, a price-to-earnings ratio of 13.68 and a beta of 0.49. The company has a 50-day moving average price of $14.73 and a 200-day moving average price of $14.48. Gencor Industries, Inc. has a 12 month low of $12.22 and a 12 month high of $17.40.

About Gencor Industries

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. It 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. The company also provides combustion systems that transform solid, liquid, or gaseous fuels into usable energy, or burn multiple fuels in asphalt and aggregate drying industries; and combustion systems for rotary dryers, kilns, fume and liquid incinerators, and fuel heaters, as well as industrial incinerators.