Signia Capital Management Lowers stake in Gencor Industries (DE) (GENC)

Gencor Industries (DE) (GENC) : Signia Capital Management reduced its stake in Gencor Industries (DE) by 1.01% during the most recent quarter end. The investment management company now holds a total of 87,740 shares of Gencor Industries (DE) which is valued at $1,061,654 after selling 896 shares in Gencor Industries (DE) , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Gencor Industries (DE) makes up approximately 3.13% of Signia Capital Management’s portfolio.

Other Hedge Funds, Including , California State Teachers Retirement System added GENC to its portfolio by purchasing 16,244 company shares during the most recent quarter which is valued at $196,552.Essex Investment Management Co reduced its stake in GENC by selling 504 shares or 1.09% in the most recent quarter. The Hedge Fund company now holds 45,800 shares of GENC which is valued at $823,484. Gencor Industries (DE) makes up approx 0.13% of Essex Investment Management Co’s portfolio. Acadian Asset Management sold out all of its stake in GENC during the most recent quarter. The investment firm sold 3,699 shares of GENC which is valued $62,365. Bnp Paribas Arbitrage Sa added GENC to its portfolio by purchasing 204 company shares during the most recent quarter which is valued at $3,060.

Gencor Industries (DE) opened for trading at $12.72 and hit $12.83 on the upside on Monday, eventually ending the session at $12.78, with a gain of 0.79% or 0.1 points. The heightened volatility saw the trading volume jump to 99,375 shares. Company has a market cap of $174 M.

Gencor Industries Inc. (Gencor) 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 for the production of asphalt and highway construction materials. The Company’s products include asphalt plants combustion systems and fluid heat transfer systems. Asphalt plants are used in the production of asphalt paving materials. Combustion systems which are burners that can transform solid liquid or gaseous fuels into usable energy burn multiple fuels alternately or simultaneously. Thermal fluid heat transfer systems are similar to boilers. The Company’s products are sold through a combination of Company sales representatives and independent dealers and agents located across the world.

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