Gyrodyne, LLC (NASDAQ:GYRO) Major Shareholder Towerview Llc Buys 2,434 Shares

Gyrodyne, LLC (NASDAQ:GYRO) major shareholder Towerview Llc acquired 2,434 shares of the stock in a transaction on Tuesday, April 16th. The shares were purchased at an average price of $7.84 per share, for a total transaction of $19,082.56. Following the transaction, the insider now directly owns 344,730 shares in the company, valued at $2,702,683.20. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Major shareholders that own more than 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Gyrodyne Stock Performance

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

Institutional Inflows and Outflows

An institutional investor recently raised its position in Gyrodyne stock. Teton Advisors Inc. increased its stake in Gyrodyne, LLC (NASDAQ:GYRO) by 18.0% during the first quarter, according to its most recent Form 13F filing with the SEC. 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 approximately 1.28% of Gyrodyne worth $163,000 as of its most recent filing with the SEC. 71.36% of the stock is currently owned by hedge funds and other institutional investors.

Gyrodyne Company Profile

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.