Graphics Chip Titan Registers Insider Selling; Four Other Companies with Fresh Insider Buying

COO of Financial Holding Company Buys Some Shares

One member of Fulton Financial Corp (NASDAQ:FULT)’s executive team also piled up some shares this week. Chief Operating Officer Philmer H. Rohrbaugh bought 14,000 shares on Tuesday at prices varying from $13.92 to $13.97 per share, lifting his ownership to 50,500 shares.

Fulton Financial Corp (NASDAQ:FULT) is a financial holding company comprised of six banking subsidiaries that provide retail and commercial financial services in Pennsylvania, Delaware, Maryland, New Jersey and Virginia. The company’s net income for the second quarter increased to $39.75 million from $36.68 million posted a year ago, mainly reflecting increases in net interest income due to growth in interest-earning assets and non-interest income. Fulton’s bottom-line growth was partially offset by an increase in the provision for credit losses, a decrease in investment securities gains and an increase in non-interest expenses. There were eight hedge funds followed by Insider Monkey with long positions in Fulton Financial at the end of March. The stock is up 6% year-to-date. Ken Griffin’s Citadel Advisors LLC added a 38,812-share position in Fulton Financial Corp (NASDAQ:FULT) to its pool of holdings during the June quarter.

Gencor Sees Executive Buy Stock

A top-tier executive at Gencor Industries Inc. (DE) (NASDAQ:GENC) snapped up a relatively sizable block of shares this week. Eric E. Mellen, Chief Financial Officer since May 2012, purchased 10,000 units of common stock on Wednesday at $10.75 apiece, which lifted his overall holding to 51,250 shares.

The manufacturer of heavy machinery used in the production of highway construction materials and environmental control equipment has seen its market cap jump by 48% since the start of the year. Gencor Industries Inc. (DE) (NASDAQ:GENC)’s portfolio of core products includes asphalt plants, combustion systems, and fluid heat transfer systems. The company reported net revenue of $19.86 million for the quarter that ended June 30, up from $10.94 million posted a year ago. The company’s sales of asphalt plants and related components continued to be strong as a result of the Fixing America’s Surface Transportation Act, a $305 billion-transportation bill signed by President Barack Obama in December 2015. Jim Simons’ Renaissance Technologies LLC has 118,800 shares of Gencor Industries Inc. (DE) (NASDAQ:GENC) in its portfolio as of the end of the second quarter.

Let’s head to the second page of this article, where we will discuss fresh insider buying witnessed at one company and noteworthy selling at another company.