Gencor Industries (GENC) CFO Sells $68,040.00 in Stock

Gencor Industries (NASDAQ:GENC) CFO Eric E. Mellen sold 4,000 shares of Gencor Industries stock in a transaction on Tuesday, March 13th. The shares were sold at an average price of $17.01, for a total transaction of $68,040.00. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Shares of NASDAQ:GENC traded up $0.05 during midday trading on Friday, hitting $15.85. 19,146 shares of the company’s stock traded hands, compared to its average volume of 19,523. Gencor Industries has a twelve month low of $15.00 and a twelve month high of $18.45. The firm has a market capitalization of $229.33, a price-to-earnings ratio of 24.77 and a beta of 0.70.

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Gencor Industries (NASDAQ:GENC) last issued its quarterly earnings data on Friday, February 2nd. The industrial products company reported $0.16 EPS for the quarter. Gencor Industries had a net margin of 10.65% and a return on equity of 7.30%. The firm had revenue of $23.12 million for the quarter.

A number of hedge funds have recently modified their holdings of the business. Northern Trust Corp lifted its holdings in Gencor Industries by 3.2% in the 2nd quarter. Northern Trust Corp now owns 88,943 shares of the industrial products company’s stock worth $1,441,000 after buying an additional 2,721 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Gencor Industries by 29.2% in the 3rd quarter. Wells Fargo & Company MN now owns 15,921 shares of the industrial products company’s stock worth $280,000 after buying an additional 3,596 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in Gencor Industries by 240.9% in the 4th quarter. Tower Research Capital LLC TRC now owns 7,504 shares of the industrial products company’s stock worth $124,000 after buying an additional 5,303 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Gencor Industries by 8.5% in the 4th quarter. Bank of New York Mellon Corp now owns 76,691 shares of the industrial products company’s stock worth $1,270,000 after buying an additional 6,039 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in Gencor Industries by 1.6% in the 4th quarter. BlackRock Inc. now owns 395,785 shares of the industrial products company’s stock worth $6,550,000 after buying an additional 6,338 shares in the last quarter. Hedge funds and other institutional investors own 43.56% of the company’s stock.

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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. The company 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.

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