Royce & Associates Updates Gencor Industries Stake (Amendment No. 7)
Ticker: GENC · Form: SC 13G/A · Filed: Jan 23, 2024 · CIK: 64472
| Field | Detail |
|---|---|
| Company | Gencor Industries Inc (GENC) |
| Form Type | SC 13G/A |
| Filed Date | Jan 23, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, stake-update
Related Tickers: GENC
TL;DR
**Royce & Associates still holds Gencor stock, showing continued institutional interest.**
AI Summary
Royce & Associates, LP, a New York-based investment firm, filed an Amendment No. 7 to its SC 13G filing on January 23, 2024, indicating its ownership stake in Gencor Industries, Inc. (NASDAQ: GENC) as of December 31, 2023. This filing updates their previous disclosure regarding their holdings of Gencor's Common Stock. This matters to investors because it shows a significant institutional investor continues to hold a position in Gencor, potentially signaling confidence in the company's long-term prospects.
Why It Matters
This filing confirms that a major institutional investor, Royce & Associates, LP, maintains a position in Gencor Industries, which can be a positive signal for other investors.
Risk Assessment
Risk Level: low — This is a routine update from an institutional investor and does not indicate any immediate significant risk or opportunity.
Analyst Insight
Investors should note that a prominent institutional investor, Royce & Associates, LP, continues to hold Gencor stock. While this filing doesn't disclose the exact percentage or change in ownership, it confirms ongoing institutional interest. Smart investors might use this as a data point to further research Gencor's fundamentals and recent performance.
Key Players & Entities
- Royce & Associates, LP (company) — the reporting person and institutional investor
- Gencor Industries, Inc. (company) — the subject company whose securities are being reported
- December 31, 2023 (date) — the date of the event requiring the filing
- January 23, 2024 (date) — the filing date of the SC 13G/A
- Amendment No. 7 (number) — the specific amendment number of the filing
Forward-Looking Statements
- Royce & Associates, LP will continue to hold a significant stake in Gencor Industries, Inc. through 2024. (Royce & Associates, LP) — medium confidence, target: 2024-12-31
FAQ
What type of filing is this document?
This document is an SC 13G/A, which is an amendment to a Schedule 13G, specifically Amendment No. 7, filed under the Securities Exchange Act of 1934.
Who is the reporting person in this filing?
The reporting person is Royce & Associates, LP, with an IRS Identification No. of 52-2343049, located at 745 Fifth Avenue, New York, NY.
Which company's securities are being reported on?
The securities being reported on belong to Gencor Industries, Inc., whose business address is 5201 N Orange Blossom Trail, Orlando, FL 32810.
What is the CUSIP number for the class of securities mentioned?
The CUSIP number for the Common Stock of Gencor Industries, Inc. is 368678108.
What was the date of the event that required this filing?
The date of the event which required the filing of this statement was December 31, 2023.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 23, 2024 regarding GENCOR INDUSTRIES INC (GENC).