Systematic Financial Management LP Acquires 85,963 Shares of Gencor Industries Inc. (GENC)

Systematic Financial Management LP raised its holdings in shares of Gencor Industries Inc. (NASDAQ:GENC) by 17.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 564,998 shares of the industrial products company’s stock after acquiring an additional 85,963 shares during the period. Systematic Financial Management LP owned about 3.93% of Gencor Industries worth $9,153,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. Teton Advisors Inc. grew its position in Gencor Industries by 0.9% during the second quarter. Teton Advisors Inc. now owns 559,354 shares of the industrial products company’s stock valued at $9,062,000 after acquiring an additional 4,854 shares during the last quarter. Royce & Associates LP grew its position in Gencor Industries by 95.0% during the second quarter. Royce & Associates LP now owns 554,086 shares of the industrial products company’s stock valued at $8,976,000 after acquiring an additional 270,005 shares during the last quarter. Kennedy Capital Management Inc. grew its position in Gencor Industries by 2.1% during the second quarter. Kennedy Capital Management Inc. now owns 274,526 shares of the industrial products company’s stock valued at $4,447,000 after acquiring an additional 5,692 shares during the last quarter. Essex Investment Management Co. LLC grew its position in Gencor Industries by 37.2% during the second quarter. Essex Investment Management Co. LLC now owns 99,596 shares of the industrial products company’s stock valued at $1,613,000 after acquiring an additional 26,993 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its position in Gencor Industries by 1.6% during the second quarter. Bank of New York Mellon Corp now owns 64,310 shares of the industrial products company’s stock valued at $1,042,000 after acquiring an additional 983 shares during the last quarter. Institutional investors and hedge funds own 39.35% of the company’s stock.

In other Gencor Industries news, CFO Eric E. Mellen sold 9,000 shares of Gencor Industries stock in a transaction that occurred on Wednesday, June 14th. The stock was sold at an average price of $16.72, for a total value of $150,480.00. Following the sale, 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 filing with the SEC, which is accessible through this hyperlink. Also, President Marc G. Elliott sold 4,421 shares of Gencor Industries stock in a transaction that occurred on Tuesday, June 13th. The stock was sold at an average price of $16.22, for a total value of $71,708.62. Following the completion of the sale, the president now directly owns 431,875 shares in the company, valued at approximately $7,005,012.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 15,421 shares of company stock worth $254,139. Corporate insiders own 31.82% of the company’s stock.

Gencor Industries Inc. (NASDAQ GENC) opened at 15.60 on Monday. The company has a market capitalization of $224.66 million, a PE ratio of 25.57 and a beta of 0.61. Gencor Industries Inc. has a 12 month low of $10.79 and a 12 month high of $17.20. The firm’s 50-day moving average is $15.82 and its 200-day moving average is $15.64.

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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.

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

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