Insider Selling: Gencor Industries, Inc. (DE) (NASDAQ:GENC) Major Shareholder Sells 10,948 Shares of Stock

Gencor Industries, Inc. (DE) (NASDAQ:GENC) major shareholder Sherry Houtkin sold 10,948 shares of the company’s stock in a transaction on Monday, October 16th. The shares were sold at an average price of $18.13, for a total transaction of $198,487.24. Following the completion of the sale, the insider now directly owns 1,252,327 shares in the company, valued at $22,704,688.51. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their transactions with the SEC.

Sherry Houtkin also recently made the following trade(s):

  • On Wednesday, October 18th, Sherry Houtkin sold 662 shares of Gencor Industries, Inc. (DE) stock. The stock was sold at an average price of $18.13, for a total transaction of $12,002.06.
  • On Tuesday, October 17th, Sherry Houtkin sold 12,306 shares of Gencor Industries, Inc. (DE) stock. The stock was sold at an average price of $18.14, for a total transaction of $223,230.84.
  • On Friday, October 13th, Sherry Houtkin sold 9,316 shares of Gencor Industries, Inc. (DE) stock. The stock was sold at an average price of $18.13, for a total transaction of $168,899.08.
  • On Wednesday, October 11th, Sherry Houtkin sold 12,588 shares of Gencor Industries, Inc. (DE) stock. The stock was sold at an average price of $18.11, for a total transaction of $227,968.68.
  • On Monday, October 9th, Sherry Houtkin sold 13,026 shares of Gencor Industries, Inc. (DE) stock. The stock was sold at an average price of $18.12, for a total transaction of $236,031.12.
  • On Wednesday, October 4th, Sherry Houtkin sold 16,370 shares of Gencor Industries, Inc. (DE) stock. The stock was sold at an average price of $18.04, for a total transaction of $295,314.80.
  • On Tuesday, October 3rd, Sherry Houtkin sold 25,000 shares of Gencor Industries, Inc. (DE) stock. The stock was sold at an average price of $17.86, for a total transaction of $446,500.00.
  • On Thursday, October 5th, Sherry Houtkin sold 45,802 shares of Gencor Industries, Inc. (DE) stock. The stock was sold at an average price of $17.93, for a total transaction of $821,229.86.
  • On Monday, October 2nd, Sherry Houtkin sold 35,558 shares of Gencor Industries, Inc. (DE) stock. The stock was sold at an average price of $17.78, for a total transaction of $632,221.24.
  • On Thursday, September 28th, Sherry Houtkin sold 35,000 shares of Gencor Industries, Inc. (DE) stock. The stock was sold at an average price of $17.66, for a total transaction of $618,100.00.

Gencor Industries, Inc. (NASDAQ GENC) traded down 0.84% during midday trading on Friday, reaching $17.75. 15,458 shares of the company traded hands. The company’s 50-day moving average price is $17.30 and its 200 day moving average price is $16.34. Gencor Industries, Inc. has a 12 month low of $11.50 and a 12 month high of $18.45. The firm has a market capitalization of $255.62 million, a PE ratio of 29.10 and a beta of 0.66.

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A number of hedge funds have recently made changes to their positions in the stock. Concert Wealth Management Inc. bought a new position in Gencor Industries, Inc. (DE) in the 2nd quarter valued at $173,000. Institute for Wealth Management LLC. bought a new position in Gencor Industries, Inc. (DE) in the 2nd quarter valued at $173,000. Greenwood Capital Associates LLC raised its position in Gencor Industries, Inc. (DE) by 1.1% in the 2nd quarter. Greenwood Capital Associates LLC now owns 11,045 shares of the industrial products company’s stock valued at $179,000 after purchasing an additional 117 shares during the last quarter. Janus Henderson Group PLC bought a new stake in shares of Gencor Industries, Inc. (DE) during the second quarter worth $219,000. Finally, First Quadrant L P CA raised its position in shares of Gencor Industries, Inc. (DE) by 71.4% during the third quarter. First Quadrant L P CA now owns 15,356 shares of the industrial products company’s stock worth $271,000 after acquiring an additional 6,395 shares during the last quarter. 39.45% of the stock is currently owned by institutional investors and hedge funds.

About Gencor Industries, Inc. (DE)

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.

Insider Buying and Selling by Quarter for Gencor Industries, Inc. (DE) (NASDAQ:GENC)

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