Municipal Employees Retirement System of Michigan bought a new position in Gencor Industries, Inc. (DE) (NASDAQ:GENC) during the 4th quarter, HoldingsChannel.com reports. The institutional investor bought 31,490 shares of the industrial products company’s stock, valued at approximately $345,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Institute for Wealth Management LLC. acquired a new stake in Gencor Industries, Inc. (DE) in the fourth quarter worth $126,000. Rhumbline Advisers acquired a new stake in Gencor Industries, Inc. (DE) in the fourth quarter worth $129,000. First Republic Investment Management Inc. increased its position in Gencor Industries, Inc. (DE) by 68.9% in the third quarter. First Republic Investment Management Inc. now owns 18,409 shares of the industrial products company’s stock worth $222,000 after buying an additional 7,510 shares during the period. Bank of America Corp DE increased its position in Gencor Industries, Inc. (DE) by 9.9% in the fourth quarter. Bank of America Corp DE now owns 31,337 shares of the industrial products company’s stock worth $344,000 after buying an additional 2,821 shares during the period. Finally, Alambic Investment Management L.P. increased its position in Gencor Industries, Inc. (DE) by 188.1% in the fourth quarter. Alambic Investment Management L.P. now owns 34,191 shares of the industrial products company’s stock worth $375,000 after buying an additional 22,322 shares during the period. 44.89% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NASDAQ GENC opened at $12.48 on Thursday. Gencor Industries, Inc. has a 1-year low of $10.50 and a 1-year high of $16.80. The firm has a market capitalization of $176.08 million, a price-to-earnings ratio of 17.06 and a beta of 0.69.

Gencor Industries, Inc. (DE) (NASDAQ:GENC) last issued its earnings results on Friday, February 1st. The industrial products company reported $0.02 earnings per share for the quarter. Gencor Industries, Inc. (DE) had a return on equity of 7.55% and a net margin of 10.88%. The firm had revenue of $21.33 million for the quarter.

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Gencor Industries, Inc. (DE) 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. The company 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.

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Institutional Ownership by Quarter for Gencor Industries, Inc. (DE) (NASDAQ:GENC)

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