QCI Asset Management Inc. NY boosted its position in shares of Gencor Industries Inc. (NASDAQ:GENC) by 7.5% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 21,500 shares of the industrial products company’s stock after buying an additional 1,500 shares during the period. QCI Asset Management Inc. NY owned approximately 0.15% of Gencor Industries worth $348,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the stock. Royce & Associates LP boosted its position in Gencor Industries by 95.0% in the second quarter. Royce & Associates LP now owns 554,086 shares of the industrial products company’s stock worth $8,976,000 after buying an additional 270,005 shares during the period. Gamco Investors INC. ET AL boosted its position in Gencor Industries by 25.8% in the second quarter. Gamco Investors INC. ET AL now owns 53,600 shares of the industrial products company’s stock worth $868,000 after buying an additional 11,000 shares during the period. Teton Advisors Inc. boosted its position in Gencor Industries by 0.9% in the second quarter. Teton Advisors Inc. now owns 559,354 shares of the industrial products company’s stock worth $9,062,000 after buying an additional 4,854 shares during the period. Bank of New York Mellon Corp boosted its position in 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 worth $1,042,000 after buying an additional 983 shares during the period. Finally, Shufro Rose & Co. LLC bought a new position in Gencor Industries during the second quarter worth about $413,000. 39.37% of the stock is currently owned by institutional investors and hedge funds.

Gencor Industries Inc. (NASDAQ GENC) opened at 15.60 on Tuesday. The stock’s 50 day moving average is $15.99 and its 200-day moving average is $15.59. Gencor Industries Inc. has a 52-week low of $10.79 and a 52-week high of $17.20. The company has a market cap of $224.66 million, a PE ratio of 25.57 and a beta of 0.59.

WARNING: “Gencor Industries Inc. (GENC) Shares Bought by QCI Asset Management Inc. NY” was reported by Watch List News and is owned by of Watch List News. If you are viewing this news story on another publication, it was stolen and republished in violation of United States and international trademark and copyright legislation. The correct version of this news story can be viewed at https://www.watchlistnews.com/gencor-industries-inc-genc-shares-bought-by-qci-asset-management-inc-ny/1529782.html.

In related news, CFO Eric E. Mellen sold 9,000 shares of the firm’s stock in a transaction dated Wednesday, June 14th. The shares were sold at an average price of $16.72, for a total value of $150,480.00. Following the transaction, the chief financial officer now owns 26,000 shares of the company’s stock, valued at approximately $434,720. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, major shareholder Sherry Houtkin sold 26,352 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were sold at an average price of $15.90, for a total transaction of $418,996.80. Following the transaction, the insider now directly owns 1,466,124 shares in the company, valued at approximately $23,311,371.60. The disclosure for this sale can be found here. Insiders sold a total of 120,974 shares of company stock worth $1,950,652 in the last ninety days. 31.82% of the stock is currently owned by insiders.

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.

Want to see what other hedge funds are holding GENC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Gencor Industries Inc. (NASDAQ:GENC).

Institutional Ownership by Quarter for Gencor Industries (NASDAQ:GENC)

Receive News & Ratings for Gencor Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gencor Industries Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.