Towerview Llc Buys 2,434 Shares of Gyrodyne, LLC (NASDAQ:GYRO) Stock

Gyrodyne, LLC (NASDAQ:GYRO) major shareholder Towerview Llc bought 2,434 shares of the business’s stock in a transaction on Tuesday, April 16th. The shares were acquired at an average price of $7.84 per share, for a total transaction of $19,082.56. Following the completion of the transaction, the insider now owns 344,730 shares in the company, valued at approximately $2,702,683.20. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Gyrodyne Price Performance

Gyrodyne stock opened at $8.00 on Friday. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.84 and a current ratio of 0.84. Gyrodyne, LLC has a 1 year low of $7.80 and a 1 year high of $12.66. The company’s 50-day moving average is $8.12 and its two-hundred day moving average is $9.00.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Gyrodyne stock. Teton Advisors Inc. raised its holdings in shares of Gyrodyne, LLC (NASDAQ:GYRO) by 18.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 19,040 shares of the real estate investment trust’s stock after purchasing an additional 2,902 shares during the period. Teton Advisors Inc. owned 1.28% of Gyrodyne worth $163,000 as of its most recent filing with the Securities and Exchange Commission. 71.36% of the stock is owned by hedge funds and other institutional investors.

About Gyrodyne

Gyrodyne, LLC owns and manages a diversified portfolio of real estate properties comprising office, industrial and service-oriented properties in the New York metropolitan area. Gyrodyne owns a 63 acre site approximately 50 miles east of New York City on the north shore of Long Island, which includes industrial and office buildings and undeveloped property which is the subject of plans to seek value-enhancing entitlements.