StockNews.com began coverage on shares of Gencor Industries (NASDAQ:GENC - Free Report) in a research note released on Friday. The brokerage issued a hold rating on the stock.
Gencor Industries Stock Performance
NASDAQ GENC traded down $0.04 during trading on Friday, reaching $13.48. 24,323 shares of the company's stock were exchanged, compared to its average volume of 29,517. The stock has a market cap of $197.59 million, a P/E ratio of 12.25 and a beta of 0.49. The company has a 50 day moving average price of $12.40 and a two-hundred day moving average price of $15.64. Gencor Industries has a 1 year low of $10.80 and a 1 year high of $24.88.
Institutional Trading of Gencor Industries
A number of hedge funds and other institutional investors have recently made changes to their positions in the company. Jane Street Group LLC acquired a new stake in shares of Gencor Industries during the first quarter worth about $194,000. SageView Advisory Group LLC increased its position in shares of Gencor Industries by 46.1% during the first quarter. SageView Advisory Group LLC now owns 27,451 shares of the company's stock worth $334,000 after purchasing an additional 8,663 shares in the last quarter. Goldman Sachs Group Inc. increased its position in shares of Gencor Industries by 16.5% during the first quarter. Goldman Sachs Group Inc. now owns 87,782 shares of the company's stock worth $1,067,000 after purchasing an additional 12,462 shares in the last quarter. Gamco Investors INC. ET AL increased its position in shares of Gencor Industries by 16.0% during the first quarter. Gamco Investors INC. ET AL now owns 190,200 shares of the company's stock worth $2,313,000 after purchasing an additional 26,300 shares in the last quarter. Finally, Systematic Financial Management LP increased its position in shares of Gencor Industries by 0.7% during the first quarter. Systematic Financial Management LP now owns 1,186,138 shares of the company's stock worth $14,423,000 after purchasing an additional 8,073 shares in the last quarter.
Gencor Industries Company Profile
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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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