Gencor Industries Inc. (GENC) Major Shareholder Sells $295,314.80 in Stock

Gencor Industries Inc. (NASDAQ:GENC) major shareholder Sherry Houtkin sold 16,370 shares of Gencor Industries stock in a transaction that occurred on Wednesday, October 4th. The stock was sold at an average price of $18.04, for a total transaction of $295,314.80. Following the completion of the transaction, the insider now directly owns 1,319,007 shares in the company, valued at approximately $23,794,886.28. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

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

  • On Tuesday, October 3rd, Sherry Houtkin sold 25,000 shares of Gencor Industries 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 stock. The shares were 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 stock. The shares were 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 stock. The shares were sold at an average price of $17.66, for a total transaction of $618,100.00.
  • On Monday, September 25th, Sherry Houtkin sold 10,000 shares of Gencor Industries stock. The shares were sold at an average price of $17.28, for a total transaction of $172,800.00.
  • On Tuesday, September 26th, Sherry Houtkin sold 19,756 shares of Gencor Industries stock. The shares were sold at an average price of $17.36, for a total transaction of $342,964.16.
  • On Wednesday, September 20th, Sherry Houtkin sold 9,721 shares of Gencor Industries stock. The shares were sold at an average price of $17.01, for a total transaction of $165,354.21.
  • On Thursday, September 21st, Sherry Houtkin sold 15,451 shares of Gencor Industries stock. The shares were sold at an average price of $16.97, for a total transaction of $262,203.47.

Gencor Industries Inc. (NASDAQ:GENC) opened at 17.95 on Monday. The stock has a market capitalization of $258.50 million, a P/E ratio of 29.43 and a beta of 0.65. Gencor Industries Inc. has a 12 month low of $11.00 and a 12 month high of $18.20. The company’s 50-day moving average is $16.41 and its 200-day moving average is $16.03.

COPYRIGHT VIOLATION WARNING: “Gencor Industries Inc. (GENC) Major Shareholder Sells $295,314.80 in Stock” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are reading this article on another site, it was copied illegally and republished in violation of international trademark & copyright law. The original version of this article can be accessed at https://ledgergazette.com/2017/10/09/gencor-industries-inc-genc-major-shareholder-sells-295314-80-in-stock.html.

Several institutional investors and hedge funds have recently modified their holdings of GENC. Royce & Associates LP grew its stake in shares of Gencor Industries by 95.0% during the 2nd quarter. Royce & Associates LP now owns 554,086 shares of the industrial products company’s stock worth $8,976,000 after acquiring an additional 270,005 shares in the last quarter. Systematic Financial Management LP grew its stake in shares of Gencor Industries by 17.9% during the 2nd quarter. Systematic Financial Management LP now owns 564,998 shares of the industrial products company’s stock worth $9,153,000 after acquiring an additional 85,963 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Gencor Industries by 10.9% during the 2nd quarter. Dimensional Fund Advisors LP now owns 529,322 shares of the industrial products company’s stock worth $8,575,000 after acquiring an additional 52,091 shares in the last quarter. Essex Investment Management Co. LLC grew its stake in shares of Gencor Industries by 37.2% during the 2nd quarter. Essex Investment Management Co. LLC now owns 99,596 shares of the industrial products company’s stock worth $1,613,000 after acquiring an additional 26,993 shares in the last quarter. Finally, Shufro Rose & Co. LLC bought a new position in shares of Gencor Industries during the 2nd quarter worth approximately $413,000. 39.36% of the stock is owned by institutional investors.

Gencor Industries Company Profile

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 (NASDAQ:GENC)

Insider Buying and Selling by Quarter for Gencor Industries (NASDAQ:GENC)

Receive News & Ratings for Gencor Industries Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Gencor Industries Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply