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

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

Gyrodyne Trading Up 5.0 %

Shares of GYRO opened at $8.22 on Friday. The company’s fifty day moving average is $8.13 and its two-hundred day moving average is $9.01. Gyrodyne, LLC has a fifty-two week low of $7.80 and a fifty-two week high of $12.66. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.36.

Hedge Funds Weigh In On Gyrodyne

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

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.