Shufro Rose & Co. LLC Acquires New Stake in Gencor Industries Inc. (GENC)
Shufro Rose & Co. LLC acquired a new position in Gencor Industries Inc. (NASDAQ:GENC) during the second quarter, Holdings Channel reports. The fund acquired 25,500 shares of the industrial products company’s stock, valued at approximately $413,000.
Separately, Municipal Employees Retirement System of Michigan purchased a new stake in Gencor Industries during the second quarter worth $336,000. Institutional investors and hedge funds own 38.33% of the company’s stock.
Shares of Gencor Industries Inc. (NASDAQ:GENC) opened at 15.85 on Wednesday. The firm has a market cap of $228.26 million, a PE ratio of 25.98 and a beta of 0.59. The company has a 50 day moving average of $16.13 and a 200-day moving average of $15.58. Gencor Industries Inc. has a 12-month low of $10.58 and a 12-month high of $17.20.
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In other news, President Marc G. Elliott sold 13,373 shares of the business’s stock in a transaction on Friday, June 2nd. The shares were sold at an average price of $16.17, for a total value of $216,241.41. Following the sale, the president now owns 442,512 shares in the company, valued at approximately $7,155,419.04. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Sherry Houtkin sold 7,959 shares of the business’s stock in a transaction on Friday, May 19th. The shares were sold at an average price of $15.63, for a total transaction of $124,399.17. Following the completion of the sale, the insider now owns 1,560,852 shares in the company, valued at approximately $24,396,116.76. The disclosure for this sale can be found here. Insiders sold a total of 166,859 shares of company stock worth $2,675,187 in the last 90 days. 31.82% of the stock is owned by corporate insiders.
Gencor Industries Company Profile
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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