Gencor Industries (NASDAQ:GENC) Now Covered by StockNews.com

StockNews.com started coverage on shares of Gencor Industries (NASDAQ:GENC) in a note issued to investors on Friday. The brokerage set a “hold” rating on the stock.

Gencor Industries Price Performance

GENC stock opened at $13.79 on Friday. The firm’s 50-day moving average is $12.35 and its 200 day moving average is $15.82. Gencor Industries has a 12 month low of $10.80 and a 12 month high of $24.88. The company has a market capitalization of $202.13 million, a PE ratio of 12.54 and a beta of 0.49.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in GENC. 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. Royce & Associates LP increased its stake in shares of Gencor Industries by 0.6% during the first quarter. Royce & Associates LP now owns 1,172,500 shares of the company’s stock worth $14,258,000 after purchasing an additional 6,500 shares in the last quarter. Gamco Investors INC. ET AL lifted its holdings in Gencor Industries by 16.0% in the 1st quarter. Gamco Investors INC. ET AL now owns 190,200 shares of the company’s stock valued at $2,313,000 after purchasing an additional 26,300 shares in the last quarter. De Lisle Partners LLP boosted its stake in Gencor Industries by 4.8% during the first quarter. De Lisle Partners LLP now owns 146,222 shares of the company’s stock worth $1,769,000 after buying an additional 6,700 shares during the last quarter. Finally, First Eagle Investment Management LLC increased its position in Gencor Industries by 4.7% during the fourth quarter. First Eagle Investment Management LLC now owns 74,064 shares of the company’s stock worth $1,307,000 after purchasing an additional 3,300 shares during the last quarter.

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.