Gamco Investors INC. ET AL Acquires 44,000 Shares of Gencor Industries, Inc. $GENC

Gamco Investors INC. ET AL increased its stake in Gencor Industries, Inc. (NASDAQ:GENC) by 17.0% in the first quarter, HoldingsChannel reports. The fund owned 302,200 shares of the company’s stock after purchasing an additional 44,000 shares during the period. Gamco Investors INC. ET AL’s holdings in Gencor Industries were worth $4,533,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in GENC. North Star Investment Management Corp. boosted its holdings in shares of Gencor Industries by 631.2% during the first quarter. North Star Investment Management Corp. now owns 117,000 shares of the company’s stock worth $1,755,000 after purchasing an additional 101,000 shares during the period. Rothschild Wealth LLC bought a new stake in shares of Gencor Industries during the 4th quarter valued at $740,000. Jacobs Levy Equity Management Inc. bought a new stake in Gencor Industries during the third quarter worth about $650,000. Sei Investments Co. boosted its position in shares of Gencor Industries by 91.7% in the 1st quarter. Sei Investments Co. now owns 60,205 shares of the company’s stock worth $903,000 after purchasing an additional 28,807 shares in the last quarter. Finally, Millennium Management LLC boosted its holdings in Gencor Industries by 133.1% in the third quarter. Millennium Management LLC now owns 42,391 shares of the company’s stock worth $620,000 after acquiring an additional 24,207 shares in the last quarter.

Gencor Industries Stock Performance

Shares of GENC stock opened at $15.23 on Monday. The company has a market capitalization of $223.24 million, a price-to-earnings ratio of 13.85 and a beta of 0.48. The company’s 50-day moving average is $14.94 and its 200 day moving average is $14.81. Gencor Industries, Inc. has a one year low of $12.22 and a one year high of $17.40.

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. The company also provides combustion systems that transform solid, liquid, or gaseous fuels into usable energy, or burn multiple fuels in asphalt and aggregate drying industries; and combustion systems for rotary dryers, kilns, fume and liquid incinerators, and fuel heaters, as well as industrial incinerators.