Gyrodyne (NASDAQ:GYRO) Share Price Passes Above 200-Day Moving Average of $7.99

Shares of Gyrodyne, LLC (NASDAQ:GYRO) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $7.99 and traded as high as $8.05. Gyrodyne shares last traded at $8.05, with a volume of 696 shares changing hands.

Gyrodyne Stock Performance

The company has a 50-day moving average of $7.96 and a 200-day moving average of $7.99. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.36.

Institutional Trading of Gyrodyne

Institutional investors and hedge funds have recently made changes to their positions in the company. Towerview LLC boosted its holdings in Gyrodyne by 1.4% during the second quarter. Towerview LLC now owns 347,000 shares of the real estate investment trust’s stock worth $2,724,000 after purchasing an additional 4,704 shares during the last quarter. Teton Advisors Inc. boosted its stake in shares of Gyrodyne by 40.0% in the 1st quarter. Teton Advisors Inc. now owns 22,316 shares of the real estate investment trust’s stock worth $185,000 after buying an additional 6,376 shares during the last quarter. Gamco Investors INC. ET AL bought a new position in shares of Gyrodyne in the first quarter valued at approximately $120,000. GABELLI & Co INVESTMENT ADVISERS INC. grew its holdings in shares of Gyrodyne by 56.4% in the first quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 173,084 shares of the real estate investment trust’s stock valued at $1,437,000 after acquiring an additional 62,393 shares in the last quarter. Finally, 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 valued at $1,825,000 after acquiring an additional 70,788 shares during the last quarter. Hedge funds and other institutional investors own 71.36% of the company’s stock.

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.