Gencor Industries, Inc. (NASDAQ:GENC) Shares Sold by Perritt Capital Management Inc

Perritt Capital Management Inc trimmed its stake in Gencor Industries, Inc. (NASDAQ:GENC) by 9.0% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 51,032 shares of the company’s stock after selling 5,067 shares during the quarter. Perritt Capital Management Inc owned about 0.35% of Gencor Industries worth $987,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. BNP Paribas Financial Markets increased its holdings in shares of Gencor Industries by 52.7% during the 1st quarter. BNP Paribas Financial Markets now owns 5,115 shares of the company’s stock worth $85,000 after buying an additional 1,765 shares during the last quarter. Acadian Asset Management LLC acquired a new stake in Gencor Industries during the second quarter worth about $163,000. Aristides Capital LLC purchased a new position in shares of Gencor Industries in the 1st quarter worth about $188,000. Rhumbline Advisers raised 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 purchasing an additional 465 shares during the period. Finally, Pullen Investment Management LLC acquired a new position in shares of Gencor Industries in the 1st quarter valued at about $954,000.

Wall Street Analyst Weigh In

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

Gencor Industries Trading Down 0.3 %

Shares of GENC stock opened at $18.93 on Thursday. The company has a market cap of $277.51 million, a PE ratio of 16.46 and a beta of 0.40. The company’s fifty day simple moving average is $20.21 and its 200-day simple moving average is $18.71. Gencor Industries, Inc. has a 52 week low of $13.50 and a 52 week high of $24.88.

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

Gencor Industries Company 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.