Gyrodyne, LLC (NASDAQ:GYRO) Position Increased by Towerview LLC

Towerview LLC lifted its stake in shares of Gyrodyne, LLC (NASDAQ:GYRO) by 0.3% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 348,000 shares of the real estate investment trust’s stock after acquiring an additional 1,000 shares during the quarter. Gyrodyne accounts for about 1.7% of Towerview LLC’s portfolio, making the stock its 10th largest position. Towerview LLC owned 0.16% of Gyrodyne worth $2,697,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also modified their holdings of the company. Gamco Investors INC. ET AL purchased a new stake in shares of Gyrodyne during the first quarter worth $120,000. Gabelli Funds LLC increased its position in shares of Gyrodyne by 47.5% during the first quarter. Gabelli Funds LLC now owns 219,825 shares of the real estate investment trust’s stock worth $1,825,000 after acquiring an additional 70,788 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. increased its position in shares of Gyrodyne by 56.4% during the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 173,084 shares of the real estate investment trust’s stock worth $1,437,000 after acquiring an additional 62,393 shares during the period. Finally, Teton Advisors Inc. increased its position in shares of Gyrodyne by 40.0% during the first quarter. Teton Advisors Inc. now owns 22,316 shares of the real estate investment trust’s stock worth $185,000 after acquiring an additional 6,376 shares during the period. Hedge funds and other institutional investors own 71.36% of the company’s stock.

Gyrodyne Stock Performance

Shares of GYRO stock traded down $0.36 on Thursday, reaching $10.10. 830 shares of the stock were exchanged, compared to its average volume of 2,880. The business’s 50 day moving average price is $8.99 and its 200 day moving average price is $8.32. Gyrodyne, LLC has a twelve month low of $7.65 and a twelve month high of $11.96.

Insider Buying and Selling

In related news, major shareholder Towerview Llc sold 6,654 shares of the business’s stock in a transaction on Friday, October 18th. The shares were sold at an average price of $11.42, for a total transaction of $75,988.68. Following the completion of the transaction, the insider now owns 341,346 shares in the company, valued at approximately $3,898,171.32. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 12.10% of the company’s stock.

Gyrodyne 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.