Systematic Financial Management LP Raises Stock Holdings in Gencor Industries, Inc. (NASDAQ:GENC)

Systematic Financial Management LP raised its stake in shares of Gencor Industries, Inc. (NASDAQ:GENC - Free Report) by 2.5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,178,065 shares of the company's stock after acquiring an additional 28,732 shares during the quarter. Systematic Financial Management LP owned approximately 8.04% of Gencor Industries worth $20,793,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Deutsche Bank AG bought a new position in shares of Gencor Industries in the fourth quarter valued at about $34,000. Bank of America Corp DE increased its stake in shares of Gencor Industries by 32.5% in the 4th quarter. Bank of America Corp DE now owns 11,981 shares of the company's stock valued at $211,000 after acquiring an additional 2,938 shares during the last quarter. Barclays PLC grew its position in shares of Gencor Industries by 7.4% in the 4th quarter. Barclays PLC now owns 23,585 shares of the company's stock valued at $416,000 after purchasing an additional 1,628 shares during the period. JPMorgan Chase & Co. grew its position in shares of Gencor Industries by 122.2% in the 4th quarter. JPMorgan Chase & Co. now owns 43,804 shares of the company's stock valued at $773,000 after purchasing an additional 24,093 shares during the period. Finally, Nuveen Asset Management LLC grew its position in shares of Gencor Industries by 2.8% in the 4th 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 during the period.

Gencor Industries Price Performance

Shares of NASDAQ GENC traded down $0.01 during trading on Thursday, reaching $13.47. 3,372 shares of the stock traded hands, compared to its average volume of 29,413. Gencor Industries, Inc. has a 52-week low of $10.80 and a 52-week high of $24.88. The company has a 50-day moving average of $12.40 and a 200-day moving average of $15.64. The stock has a market capitalization of $197.50 million, a P/E ratio of 12.20 and a beta of 0.49.

Wall Street Analyst Weigh In

Separately, Wall Street Zen initiated coverage on Gencor Industries in a research report on Friday, May 16th. They issued 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.