Goldman Sachs Group Inc. Cuts Stake in Gencor Industries Inc. (GENC)

Goldman Sachs Group Inc. lessened its position in shares of Gencor Industries Inc. (NASDAQ:GENC) by 3.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,797 shares of the industrial products company’s stock after selling 541 shares during the quarter. Goldman Sachs Group Inc. owned about 0.10% of Gencor Industries worth $224,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Concert Wealth Management Inc. acquired a new position in shares of Gencor Industries during the second quarter valued at $173,000. Institute for Wealth Management LLC. acquired a new position in shares of Gencor Industries during the second quarter valued at $173,000. Greenwood Capital Associates LLC lifted its stake in shares of Gencor Industries by 1.1% during the second quarter. Greenwood Capital Associates LLC now owns 11,045 shares of the industrial products company’s stock valued at $179,000 after acquiring an additional 117 shares during the period. Municipal Employees Retirement System of Michigan acquired a new position in shares of Gencor Industries during the second quarter valued at $336,000. Finally, QCI Asset Management Inc. NY lifted its stake in shares of Gencor Industries by 7.5% during the second quarter. QCI Asset Management Inc. NY now owns 21,500 shares of the industrial products company’s stock valued at $348,000 after acquiring an additional 1,500 shares during the period. 41.42% of the stock is currently owned by institutional investors and hedge funds.

Gencor Industries Inc. (GENC) opened at $17.70 on Monday. Gencor Industries Inc. has a one year low of $13.32 and a one year high of $18.45. The stock has a market capitalization of $254.88, a price-to-earnings ratio of 28.09 and a beta of 0.63.

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In other news, CFO Eric E. Mellen sold 11,750 shares of the company’s stock in a transaction on Thursday, September 14th. The stock was sold at an average price of $16.55, for a total transaction of $194,462.50. Following the transaction, the chief financial officer now owns 14,250 shares of the company’s stock, valued at $235,837.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Cort J. Dondero sold 7,500 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $16.02, for a total value of $120,150.00. Following the transaction, the director now directly owns 3,769 shares in the company, valued at approximately $60,379.38. The disclosure for this sale can be found here. Insiders have sold 316,754 shares of company stock worth $5,566,469 in the last ninety days. 31.82% of the stock is currently owned by insiders.

About Gencor Industries

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.

Institutional Ownership by Quarter for Gencor Industries (NASDAQ:GENC)

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