Systematic Financial Management LP Trims Holdings in Gencor Industries, Inc. $GENC

Systematic Financial Management LP reduced its position in shares of Gencor Industries, Inc. (NASDAQ:GENC) by 6.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,049,326 shares of the company’s stock after selling 73,203 shares during the period. Systematic Financial Management LP owned 0.07% of Gencor Industries worth $15,740,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the company. North Star Investment Management Corp. grew its holdings in shares of Gencor Industries by 631.2% during the first quarter. North Star Investment Management Corp. now owns 117,000 shares of the company’s stock worth $1,755,000 after buying an additional 101,000 shares in the last quarter. Rothschild Wealth LLC purchased a new position in shares of Gencor Industries during the fourth quarter valued at approximately $740,000. Gamco Investors INC. ET AL lifted its stake in shares of Gencor Industries by 22.6% during the fourth quarter. Gamco Investors INC. ET AL now owns 258,200 shares of the company’s stock valued at $3,346,000 after buying an additional 47,600 shares during the period. Jacobs Levy Equity Management Inc. acquired a new stake in Gencor Industries during the third quarter worth approximately $650,000. Finally, Sei Investments Co. boosted its position in Gencor Industries by 91.7% during the first quarter. Sei Investments Co. now owns 60,205 shares of the company’s stock worth $903,000 after acquiring an additional 28,807 shares during the last quarter.

Gencor Industries Stock Performance

GENC stock opened at $15.23 on Friday. The stock has a market capitalization of $223.24 million, a P/E ratio of 13.85 and a beta of 0.48. Gencor Industries, Inc. has a one year low of $12.22 and a one year high of $17.40. The company has a 50 day moving average price of $14.94 and a two-hundred day moving average price of $14.80.

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. 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.