Gencor Industries, Inc. (NASDAQ:GENC) Shares Bought by Royce & Associates LP

Royce & Associates LP raised its position in Gencor Industries, Inc. (NASDAQ:GENC) by 0.1% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,154,000 shares of the company’s stock after acquiring an additional 1,000 shares during the period. Royce & Associates LP’s holdings in Gencor Industries were worth $24,072,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in GENC. BNP Paribas Financial Markets lifted its stake in shares of Gencor Industries by 52.7% in the first quarter. BNP Paribas Financial Markets now owns 5,115 shares of the company’s stock valued at $85,000 after purchasing an additional 1,765 shares during the period. Acadian Asset Management LLC acquired a new stake in shares of Gencor Industries in the second quarter valued at about $163,000. Aristides Capital LLC acquired a new stake in shares of Gencor Industries in the first quarter valued at about $188,000. Rhumbline Advisers lifted its stake in shares of Gencor Industries by 4.1% in the second quarter. Rhumbline Advisers now owns 11,767 shares of the company’s stock valued at $228,000 after purchasing an additional 465 shares during the period. Finally, Squarepoint Ops LLC acquired a new stake in shares of Gencor Industries in the second quarter valued at about $377,000.

Gencor Industries Trading Down 0.4 %

Shares of GENC opened at $21.34 on Friday. The stock has a market cap of $312.77 million, a P/E ratio of 19.39 and a beta of 0.40. The company has a 50-day moving average of $20.41 and a two-hundred day moving average of $19.93. Gencor Industries, Inc. has a 12-month low of $14.15 and a 12-month high of $24.88.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded shares of Gencor Industries from a “hold” rating to a “buy” rating in a research note on Thursday.

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.