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 purchased a new position in Gencor Industries, Inc. (NASDAQ:GENC - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 17,000 shares of the company's stock, valued at approximately $207,000. Annis Gardner Whiting Capital Advisors LLC owned approximately 0.12% of Gencor Industries at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Systematic Financial Management LP raised its stake in Gencor Industries by 2.5% in the fourth quarter. Systematic Financial Management LP now owns 1,178,065 shares of the company's stock valued at $20,793,000 after purchasing an additional 28,732 shares in the last quarter. Royce & Associates LP raised its stake in Gencor Industries by 0.6% in the first quarter. Royce & Associates LP now owns 1,172,500 shares of the company's stock valued at $14,258,000 after purchasing an additional 6,500 shares in the last quarter. De Lisle Partners LLP raised its stake in Gencor Industries by 4.8% in the first quarter. De Lisle Partners LLP now owns 146,222 shares of the company's stock valued at $1,769,000 after purchasing an additional 6,700 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Gencor Industries by 56.3% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 60,534 shares of the company's stock valued at $1,068,000 after purchasing an additional 21,793 shares in the last quarter. Finally, Nuveen Asset Management LLC raised its stake in Gencor Industries by 2.8% in the fourth quarter. Nuveen Asset Management LLC now owns 46,055 shares of the company's stock valued at $813,000 after purchasing an additional 1,274 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, Wall Street Zen initiated coverage on shares of Gencor Industries in a research note on Friday, May 16th. They issued a "hold" rating on the stock.

Gencor Industries Stock Performance

Shares of GENC opened at $15.09 on Wednesday. The firm has a market cap of $221.19 million, a price-to-earnings ratio of 13.72 and a beta of 0.55. Gencor Industries, Inc. has a fifty-two week low of $10.80 and a fifty-two week high of $22.82. The firm has a 50 day moving average price of $14.55 and a 200-day moving average price of $13.61.

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.

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