Gyrodyne (NASDAQ:GYRO) Stock Crosses Below 200-Day Moving Average of $8.77

Gyrodyne, LLC (NASDAQ:GYRO – Get Rating)’s stock price passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.77 and traded as low as $8.75. Gyrodyne shares last traded at $8.75, with a volume of 914 shares trading hands.

Gyrodyne Stock Performance

The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.54 and a current ratio of 1.33. The business has a 50 day moving average of $8.82 and a 200-day moving average of $8.77.

Hedge Funds Weigh In On Gyrodyne

A number of institutional investors have recently added to or reduced their stakes in the business. Towerview LLC boosted its holdings in shares of Gyrodyne by 31.3% in the 1st quarter. Towerview LLC now owns 155,152 shares of the real estate investment trust’s stock worth $1,327,000 after purchasing an additional 36,949 shares in the last quarter. Gabelli Funds LLC raised its position in Gyrodyne by 2.5% during the 1st quarter. Gabelli Funds LLC now owns 149,037 shares of the real estate investment trust’s stock valued at $1,274,000 after purchasing an additional 3,600 shares during the last quarter. Finally, Teton Advisors Inc. raised its holdings in Gyrodyne by 18.0% in the first quarter. Teton Advisors Inc. now owns 19,040 shares of the real estate investment trust’s stock worth $163,000 after purchasing an additional 2,902 shares in the last quarter. 41.39% of the stock is currently owned by institutional investors.

About Gyrodyne

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Gyrodyne LLC engages in the management of a portfolio of medical office and industrial properties. Its properties include Flowerfield, Port Jefferson Professional Park, Courtland Medical Center, and Grove. The company was founded by Peter James Papadakos in 1946 and is headquartered in St. James, NY.