Gyrodyne (NASDAQ:GYRO) Share Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Gyrodyne , LLC (NASDAQ:GYRO)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $9.44 and traded as low as $9.39. Gyrodyne shares last traded at $9.43, with a volume of 1,007 shares trading hands.

Gyrodyne Price Performance

The stock has a 50-day moving average of $9.98 and a two-hundred day moving average of $9.44.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. Bulldog Investors LLP purchased a new position in Gyrodyne during the 3rd quarter worth approximately $601,000. Teton Advisors LLC acquired a new stake in shares of Gyrodyne in the third quarter worth $177,000. Advisory Services Network LLC acquired a new stake in shares of Gyrodyne in the third quarter worth $77,000. Finally, Susquehanna International Group LLP purchased a new position in shares of Gyrodyne during the third quarter valued at $142,000. 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.