Insider Selling: Sherry Houtkin Sells 5,346 Shares of Gencor Industries, Inc. (DE) Stock (GENC)
Gencor Industries, Inc. (DE) (NASDAQ:GENC) major shareholder Sherry Houtkin sold 5,346 shares of the stock on the open market in a transaction dated Tuesday, August 26th. The stock was sold at an average price of $10.23, for a total transaction of $54,689.58. Following the completion of the sale, the insider now directly owns 1,711,919 shares of the company’s stock, valued at approximately $17,512,931. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Gencor Industries, Inc. (NASDAQ:GENC) traded down 0.20% during mid-day trading on Wednesday, hitting $10.15. 8,403 shares of the company’s stock traded hands. Gencor Industries, Inc. has a 52-week low of $7.75 and a 52-week high of $11.62. The stock’s 50-day moving average is $10.65 and its 200-day moving average is $10.54. The company has a market cap of $96.6 million and a P/E ratio of 15.50.
Gencor Industries, Inc. (DE) (NASDAQ:GENC) last posted its quarterly earnings results on Tuesday, August 5th. The company reported $0.17 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.03. On average, analysts predict that Gencor Industries, Inc. will post $0.47 earnings per share for the current fiscal year.
Gencor Industries, Inc (NASDAQ:GENC) with its subsidiaries is a manufacturer of heavy machinery used in the production of highway construction materials, synthetic fuels, and environmental control equipment.
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