Gencor Industries (GENC) Has Risen 18% in Last One Year, Outperforms Market

If you are looking for the best ideas for your portfolio you may want to consider some of Palm Valley Capital Management’s top stock picks. Palm Valley Capital, an investment management firm, is bullish on Gencor Industries Inc (NASDAQ:GENC) stock. In its Q2 2019 investor letter – you can download a copy here – the firm discussed its investment thesis on Gencor Industries Inc (NASDAQ:GENC) stock. Gencor Industries Inc (NASDAQ:GENC) is the leading construction industry equipment manufacturer.

On July 1, 2019, Palm Valley Capital had released its Q2 2019 investor letter. The investment firm said that Gencor Industries Inc (NASDAQ:GENC) was one of the ten equities that the fund held in Q2 2019. The stock has posted a return of 18.1% in the trailing one year period, outperforming fund’s benchmark the S&P Small Cap 600 Index which returned 0.4% in the same period. This suggests that the investment firm was right in its decision. On a year-to-date basis, Gencor Industries Inc (NASDAQ:GENC) stock has risen by 9.7%.

Palm Valley Capital fund posted a return of 0.7% from April 30, 2019 through June 30, 2019, outperforming fund’s benchmark the S&P Small Cap 600 Index which returned -1.9% in the same period. Let’s take a look at comments made by Palm Valley Capital about Gencor Industries Inc (NASDAQ:GENC) in the Q2 2019 investor letter.

“Gencor Industries is a market-leading manufacturer of asphalt plants. The company’s H&B product line is the world’s oldest asphalt plant manufacturer, with its first plant assembled in 1894. Gencor’s business is dependent on highway construction and government funding. We believe Gencor’s operating results have benefited from the five-year Fixing America’s Surface Transportation Act (FAST) and increases in highway construction spending. Although Gencor’s business is highly cyclical, we are comforted by the company’s very strong balance sheet. Gencor has no debt, valuable real estate assets, and cash and marketable securities equal to over two-thirds of its market capitalization.”

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In May, we published an article revealing Palm Valley Capital’s bullish investment thesis on Gencor Industries Inc (NASDAQ:GENC) stock in its Q1 2020 investor letter. This suggests that the investment firm has been bullish for a long time on Gencor Industries Inc (NASDAQ:GENC).

Our calculations showed that Gencor Industries Inc (NASDAQ:GENC) isn’t ranked among the 30 most popular stocks among hedge funds.

The top 10 stocks among hedge funds returned 185% since the end of 2014 and outperformed the S&P 500 Index ETFs by more than 109 percentage points. We know it sounds unbelievable. You have been dismissing our articles about top hedge fund stocks mostly because you were fed biased information by other media outlets about hedge funds’ poor performance. You could have doubled the size of your nest egg by investing in the top hedge fund stocks instead of dumb S&P 500 ETFs. Below you can watch our video about the top 5 hedge fund stocks right now. All of these stocks had positive returns in 2020.

Video: Top 5 Stocks Among Hedge Funds

At Insider Monkey we scour multiple sources to uncover the next great investment idea. Federal Reserve has been creating trillions of dollars electronically to keep the interest rates near zero. We believe this will lead to inflation and boost precious metals prices. So, we are checking out this junior gold mining stock.. We go through lists like the 10 most profitable companies in America to pick the best large-cap stocks to buy. Even though we recommend positions in only a tiny fraction of the companies we analyze, we check out as many stocks as we can. We read hedge fund investor letters and listen to stock pitches at hedge fund conferences. If you want to find out the best healthcare stock to buy right now, you can watch our latest hedge fund manager interview here. You can subscribe to our free enewsletter below to receive our stories in your inbox:

Disclosure: None. This article is originally published at Insider Monkey.