Gamco Investors INC. ET AL Raises Stock Position in Gencor Industries, Inc. $GENC

Key Points

• Gamco Investors INC. ET AL increased its stake in Gencor Industries by 16%, owning 190,200 shares valued at $2.31 million as of the latest filing.
• Other hedge funds have also made significant adjustments, with GAMMA Investing LLC boosting its stake by 1,247.2% in the first quarter.
• Gencor Industries has a current stock price of $16.40, with a market capitalization of $240.39 million and a 1-year price range between $10.80 and $22.82.

Gamco Investors INC. ET AL raised its holdings in Gencor Industries, Inc. (NASDAQ:GENC - Free Report) by 16.0% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 190,200 shares of the company's stock after purchasing an additional 26,300 shares during the quarter. Gamco Investors INC. ET AL owned about 1.30% of Gencor Industries worth $2,313,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Deutsche Bank AG purchased a new stake in shares of Gencor Industries in the fourth quarter valued at about $34,000. GAMMA Investing LLC lifted its stake in shares of 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 buying an additional 3,355 shares during the period. Hsbc Holdings PLC purchased a new position in shares of Gencor Industries during the first quarter valued at approximately $189,000. Annis Gardner Whiting Capital Advisors LLC purchased a new position in shares of Gencor Industries during the first quarter valued at approximately $207,000. Finally, Bank of America Corp DE lifted its stake in shares of 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 buying an additional 2,938 shares during the period.

Gencor Industries Price Performance

NASDAQ:GENC traded down $0.14 during trading hours on Friday, reaching $16.26. 27,306 shares of the company were exchanged, compared to its average volume of 32,329. The firm has a market cap of $238.34 million, a price-to-earnings ratio of 14.78 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 stock has a 50 day simple moving average of $15.03 and a 200 day simple moving average of $13.63.

Analyst Upgrades and Downgrades

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

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.