North Star Investment Management Corp. Purchases 101,000 Shares of Gencor Industries, Inc. $GENC

North Star Investment Management Corp. raised its position in shares of Gencor Industries, Inc. (NASDAQ:GENC) by 631.2% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 117,000 shares of the company’s stock after purchasing an additional 101,000 shares during the period. North Star Investment Management Corp. owned approximately 0.80% of Gencor Industries worth $1,755,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC boosted its holdings in shares of Gencor Industries by 8,317.4% in the 4th quarter. NewEdge Advisors LLC now owns 20,370 shares of the company’s stock worth $264,000 after purchasing an additional 20,128 shares in the last quarter. Bridgeway Capital Management LLC raised its holdings in shares of Gencor Industries by 6.6% during the 4th quarter. Bridgeway Capital Management LLC now owns 61,519 shares of the company’s stock valued at $797,000 after buying an additional 3,800 shares in the last quarter. Royal Bank of Canada raised its holdings in shares of Gencor Industries by 295.9% during the 4th quarter. Royal Bank of Canada now owns 1,932 shares of the company’s stock valued at $25,000 after buying an additional 1,444 shares in the last quarter. Rothschild Wealth LLC bought a new stake in Gencor Industries in the 4th quarter worth approximately $740,000. Finally, Squarepoint Ops LLC lifted its position in Gencor Industries by 89.3% in the 4th quarter. Squarepoint Ops LLC now owns 18,975 shares of the company’s stock worth $246,000 after buying an additional 8,949 shares during the last quarter.

Gencor Industries Price Performance

Shares of GENC opened at $15.05 on Tuesday. Gencor Industries, Inc. has a 1 year low of $12.22 and a 1 year high of $17.40. The stock has a 50 day simple moving average of $14.73 and a two-hundred day simple moving average of $14.48. The firm has a market cap of $220.60 million, a P/E ratio of 13.68 and a beta of 0.49.

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. The company also provides combustion systems that transform solid, liquid, or gaseous fuels into usable energy, or burn multiple fuels in asphalt and aggregate drying industries; and combustion systems for rotary dryers, kilns, fume and liquid incinerators, and fuel heaters, as well as industrial incinerators.