Aristides Capital LLC Takes $188,000 Position in Gencor Industries, Inc. (NASDAQ:GENC)

Aristides Capital LLC purchased a new position in Gencor Industries, Inc. (NASDAQ:GENC) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm purchased 11,245 shares of the company’s stock, valued at approximately $188,000.

Several other institutional investors also recently added to or reduced their stakes in the stock. BNP Paribas Financial Markets boosted its holdings in Gencor Industries by 52.7% in the first quarter. BNP Paribas Financial Markets now owns 5,115 shares of the company’s stock worth $85,000 after acquiring an additional 1,765 shares in the last quarter. Pullen Investment Management LLC purchased a new position in shares of Gencor Industries in the 1st quarter valued at approximately $954,000. First Eagle Investment Management LLC increased its stake in Gencor Industries by 7.1% during the 4th quarter. First Eagle Investment Management LLC now owns 64,461 shares of the company’s stock valued at $1,040,000 after purchasing an additional 4,263 shares in the last quarter. Finally, Vanguard Group Inc. raised its holdings in shares of Gencor Industries by 1.0% in the first quarter. Vanguard Group Inc. now owns 545,572 shares of the company’s stock worth $9,106,000 after buying an additional 5,189 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com lowered Gencor Industries from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, July 16th.

Gencor Industries Stock Performance

NASDAQ GENC traded up $0.28 during trading hours on Friday, reaching $23.08. The company’s stock had a trading volume of 52,759 shares, compared to its average volume of 41,373. The company’s 50-day moving average is $19.65 and its two-hundred day moving average is $17.76. Gencor Industries, Inc. has a 1-year low of $13.50 and a 1-year high of $23.26.

Gencor Industries (NASDAQ:GENC) last announced its earnings results on Friday, May 10th. The company reported $0.42 earnings per share for the quarter. Gencor Industries had a return on equity of 9.14% and a net margin of 14.61%. The business had revenue of $40.68 million during the quarter.

About Gencor Industries

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.