Gencor Industries Inc. (GENC) Set to Announce Earnings on Thursday
Shares of Gencor Industries Inc. (NASDAQ GENC) opened at $17.75 on Thursday. The company has a market cap of $256.32, a price-to-earnings ratio of 28.25 and a beta of 0.63. Gencor Industries Inc. has a twelve month low of $13.32 and a twelve month high of $18.45.
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In other news, major shareholder Sherry Houtkin sold 45,802 shares of the company’s stock in a transaction on Thursday, October 5th. The shares were sold at an average price of $17.93, for a total value of $821,229.86. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Cort J. Dondero sold 7,500 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $16.02, for a total transaction of $120,150.00. Following the completion of the sale, the director now directly owns 3,769 shares in the company, valued at $60,379.38. The disclosure for this sale can be found here. Insiders sold a total of 316,754 shares of company stock worth $5,566,469 over the last ninety days. Insiders own 31.82% of the company’s stock.
A hedge fund recently raised its stake in Gencor Industries stock. State Street Corp grew its holdings in Gencor Industries Inc. (NASDAQ:GENC) by 11.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 113,952 shares of the industrial products company’s stock after acquiring an additional 11,730 shares during the period. State Street Corp owned about 0.79% of Gencor Industries worth $1,846,000 at the end of the most recent quarter. Institutional investors and hedge funds own 41.42% of the company’s stock.
About Gencor Industries
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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