Trading volume for Gencor Industries In was 68K by the end of trading on Tuesday. Overall, volume was up 229.61% over the stocks normal daily volume.
Traders are more bullish on Gencor Industries In if you consider the fall in short interest. The stock had a fall in short interest between September 29, 2017 and October 13, 2017 of -7.44%. Short interest decreased from 91,896 to 85,056 over that period. The days to cover decreased to 2.0 and the percentage of shorted shares is 0.01% as of October 13.
There has been some selling insider activity on Gencor Industries In (NASDAQ:GENC) recently. president Marc G. Elliott sold 25,000 shares at an average price of $16.52 on Mon the 18th. Elliott now owns $6,693,491 of stock as recorded in a recent Form 4 SEC filing. Director Cort J. Dondero let go of 7,500 shares at a price of $16.01 on September 15th. That brings the Director’s holdings to $0 as reported to the SEC.
David Air, Director disclosed the sale of 1,500 shares. The shares were purchased at an average price of $16.00. The Director now owns $64,000 of the stock according to the SEC filing.
Additionally, here are a few investment firms who have increased or decreased their stake in (GENC). As of quarter end American International Group Inc had acquired 406 shares growing its position 8.1%. The value of the investment in GENC increased from $81,000 to $96,000 a change of 18.5% quarter to quarter. As of the end of the quarter Citigroup Inc had bought a total of 7,579 shares growing its stake by 8,711.5%. The value of the company’s investment in Gencor Industries In went from $1,000 to $135,000 increasing 13,400.0% since the last quarter.
California State Teachers Retirement System reduced its holdings by shedding 1,000 shares a decrease of 7.0% as of 09/30/2017. California State Teachers Retirement System controls 13,343 shares with a value of $236,000. The total value of its holdings increased 1.7%. As of quarter end Dimensional Fund Advisors Lp had bought 47,947 shares growing its holdings by 9.1%. The value of the investment in (GENC) went from $8,575,000 to $10,189,000 a change of $1,614,000 for the reporting period.
The company is so far trading down from yesterday’s close of 17.5. The company’s P/E ratio is 27.70 and the market value is 250.24M. In the latest earnings report the EPS was $0.63 with 12.14M shares outstanding.
Gencor Industries, Inc., launched on September 26, 1969, 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. The Business’s principal products include asphalt plants, combustion systems and fluid heat transfer systems. As of September 30, 2016, the Business’s products were manufactured in two facilities in the United States. The Business’s products are sold through a combination of the Business’s sales representatives and independent dealers, and agents located throughout the world. The Company is also engaged in product engineering and development efforts..