Kennedy Capital Management Inc. Purchases 5,692 Shares of Gencor Industries Inc. (GENC)
Kennedy Capital Management Inc. lifted its position in Gencor Industries Inc. (NASDAQ:GENC) by 2.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 274,526 shares of the industrial products company’s stock after acquiring an additional 5,692 shares during the quarter. Kennedy Capital Management Inc. owned 1.91% of Gencor Industries worth $4,447,000 as of its most recent SEC filing.
Several other hedge funds have also recently added to or reduced their stakes in GENC. Municipal Employees Retirement System of Michigan bought a new stake in shares of Gencor Industries in the second quarter valued at about $336,000. Essex Investment Management Co. LLC raised its holdings in shares of Gencor Industries by 37.2% in the second quarter. Essex Investment Management Co. LLC now owns 99,596 shares of the industrial products company’s stock valued at $1,613,000 after acquiring an additional 26,993 shares in the last quarter. Shufro Rose & Co. LLC bought a new stake in shares of Gencor Industries in the second quarter valued at about $413,000. Bank of New York Mellon Corp raised its holdings in shares of Gencor Industries by 1.6% in the second quarter. Bank of New York Mellon Corp now owns 64,310 shares of the industrial products company’s stock valued at $1,042,000 after acquiring an additional 983 shares in the last quarter. Finally, Teton Advisors Inc. raised its holdings in shares of Gencor Industries by 0.9% in the second quarter. Teton Advisors Inc. now owns 559,354 shares of the industrial products company’s stock valued at $9,062,000 after acquiring an additional 4,854 shares in the last quarter. Hedge funds and other institutional investors own 39.35% of the company’s stock.
Shares of Gencor Industries Inc. (NASDAQ:GENC) opened at 16.00 on Friday. The company has a 50 day moving average price of $15.78 and a 200 day moving average price of $15.68. Gencor Industries Inc. has a 12-month low of $10.98 and a 12-month high of $17.20. The company has a market capitalization of $230.42 million, a P/E ratio of 26.23 and a beta of 0.61.
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Gencor Industries Company Profile
Gencor Industries, Inc is a manufacturer of heavy machinery used in the production of highway construction materials, synthetic fuels and environmental control equipment. The Company designs, manufactures and sells machinery and related equipment used primarily for the production of asphalt and highway construction materials.
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