Ellsworth Advisors LLC Takes Position in Gencor Industries, Inc. (NASDAQ:GENC)

Ellsworth Advisors LLC acquired a new position in shares of Gencor Industries, Inc. (NASDAQ:GENC) during the 3rd quarter, Holdings Channel.com reports. The firm acquired 30,007 shares of the company’s stock, valued at approximately $626,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. BNP Paribas Financial Markets boosted its stake in Gencor Industries by 52.7% in the first quarter. BNP Paribas Financial Markets now owns 5,115 shares of the company’s stock valued at $85,000 after acquiring an additional 1,765 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Gencor Industries during the second quarter valued at $163,000. Aristides Capital LLC bought a new position in shares of Gencor Industries during the first quarter worth about $188,000. Rhumbline Advisers increased its holdings in shares of Gencor Industries by 4.1% in the 2nd quarter. Rhumbline Advisers now owns 11,767 shares of the company’s stock worth $228,000 after acquiring an additional 465 shares during the period. Finally, Squarepoint Ops LLC bought a new stake in Gencor Industries in the 2nd quarter valued at about $377,000.

Wall Street Analyst Weigh In

Separately, StockNews.com cut shares of Gencor Industries from a “buy” rating to a “hold” rating in a research report on Wednesday, September 4th.

Gencor Industries Price Performance

Shares of GENC stock opened at $20.70 on Friday. Gencor Industries, Inc. has a 12-month low of $13.63 and a 12-month high of $24.88. The firm has a market capitalization of $303.46 million, a price-to-earnings ratio of 18.00 and a beta of 0.40. The business has a 50 day simple moving average of $19.88 and a 200 day simple moving average of $19.44.

Gencor Industries (NASDAQ:GENC) last released its quarterly earnings results on Friday, August 9th. The company reported $0.17 earnings per share (EPS) for the quarter. The company had revenue of $25.55 million during the quarter. Gencor Industries had a return on equity of 8.60% and a net margin of 14.33%.

Gencor Industries 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. It 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.