Annis Gardner Whiting Capital Advisors LLC Invests $207,000 in Gencor Industries, Inc. (NASDAQ:GENC)

Key Points

• Annis Gardner Whiting Capital Advisors LLC has invested approximately $207,000 in Gencor Industries, Inc., acquiring 17,000 shares during the first quarter.
• Other institutional investors, including Systematic Financial Management LP and Royce & Associates LP, have also recently increased their stakes in Gencor Industries.
• Wall Street analysts have initiated coverage on Gencor Industries, issuing a "hold" rating on the stock as of May 16th.

Annis Gardner Whiting Capital Advisors LLC acquired a new position in Gencor Industries, Inc. (NASDAQ:GENC - Free Report) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 17,000 shares of the company's stock, valued at approximately $207,000. Annis Gardner Whiting Capital Advisors LLC owned 0.12% of Gencor Industries at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in GENC. Deutsche Bank AG purchased a new position in Gencor Industries during the fourth quarter valued at $34,000. GAMMA Investing LLC lifted its holdings in Gencor Industries by 1,247.2% during the first quarter. GAMMA Investing LLC now owns 3,624 shares of the company's stock valued at $44,000 after purchasing an additional 3,355 shares in the last quarter. Bank of America Corp DE lifted its holdings in Gencor Industries by 32.5% during the fourth quarter. Bank of America Corp DE now owns 11,981 shares of the company's stock valued at $211,000 after purchasing an additional 2,938 shares in the last quarter. Barclays PLC lifted its holdings in Gencor Industries by 7.4% during the fourth quarter. Barclays PLC now owns 23,585 shares of the company's stock valued at $416,000 after purchasing an additional 1,628 shares in the last quarter. Finally, Pullen Investment Management LLC lifted its stake in shares of Gencor Industries by 3.0% in the first quarter. Pullen Investment Management LLC now owns 42,311 shares of the company's stock worth $515,000 after buying an additional 1,217 shares in the last quarter.

Analyst Ratings Changes

Separately, Wall Street Zen assumed coverage on shares of Gencor Industries in a research report on Friday, May 16th. They set a "hold" rating for the company.

Gencor Industries Stock Up 2.0%

Gencor Industries stock traded up $0.29 during trading on Friday, reaching $14.86. The stock had a trading volume of 131,173 shares, compared to its average volume of 29,609. The stock has a market cap of $217.82 million, a PE ratio of 13.51 and a beta of 0.55. Gencor Industries, Inc. has a 52-week low of $10.80 and a 52-week high of $22.82. The business has a 50 day moving average price of $14.60 and a 200 day moving average price of $13.58.

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.