Royce & Associates LP raised its stake in shares of Gencor Industries, Inc. (DE) (NASDAQ:GENC) by 46.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 811,512 shares of the industrial products company’s stock after purchasing an additional 257,426 shares during the period. Royce & Associates LP owned 5.64% of Gencor Industries, Inc. (DE) worth $14,323,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in GENC. Municipal Employees Retirement System of Michigan acquired a new stake in Gencor Industries, Inc. (DE) during the 2nd quarter worth about $336,000. Shufro Rose & Co. LLC acquired a new stake in Gencor Industries, Inc. (DE) during the 2nd quarter worth about $413,000. Bank of New York Mellon Corp grew its holdings in Gencor Industries, Inc. (DE) by 1.6% during the 2nd quarter. Bank of New York Mellon Corp now owns 64,310 shares of the industrial products company’s stock worth $1,042,000 after acquiring an additional 983 shares during the period. Teton Advisors Inc. grew its holdings in Gencor Industries, Inc. (DE) by 0.9% during the 2nd quarter. Teton Advisors Inc. now owns 559,354 shares of the industrial products company’s stock worth $9,062,000 after acquiring an additional 4,854 shares during the period. Finally, Gamco Investors INC. ET AL grew its holdings in Gencor Industries, Inc. (DE) by 25.8% during the 2nd quarter. Gamco Investors INC. ET AL now owns 53,600 shares of the industrial products company’s stock worth $868,000 after acquiring an additional 11,000 shares during the period. 41.36% of the stock is owned by institutional investors and hedge funds.

Shares of Gencor Industries, Inc. (NASDAQ:GENC) opened at $16.65 on Tuesday. Gencor Industries, Inc. has a 1-year low of $13.32 and a 1-year high of $18.45. The firm has a market capitalization of $242.64, a PE ratio of 29.05 and a beta of 0.62.

Gencor Industries, Inc. (DE) (NASDAQ:GENC) last issued its earnings results on Wednesday, December 6th. The industrial products company reported $0.07 EPS for the quarter. The company had revenue of $18.56 million during the quarter. Gencor Industries, Inc. (DE) had a return on equity of 6.69% and a net margin of 10.44%.

In other news, CFO Eric E. Mellen sold 11,750 shares of the firm’s stock in a transaction dated Thursday, September 14th. The stock was sold at an average price of $16.55, for a total value of $194,462.50. Following the completion of the sale, the chief financial officer now directly owns 14,250 shares in the company, valued at approximately $235,837.50. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Cort J. Dondero sold 7,500 shares of the firm’s stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $16.02, for a total value of $120,150.00. Following the completion of the sale, the director now owns 3,769 shares of the company’s stock, valued at $60,379.38. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 315,754 shares of company stock valued at $5,550,919. 31.82% of the stock is currently owned by company insiders.

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About Gencor Industries, Inc. (DE)

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

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