Gyrodyne, LLC (NASDAQ:GYRO) Director Paul L. Lamb Sells 4,368 Shares

Gyrodyne, LLC (NASDAQ:GYRO) Director Paul L. Lamb sold 4,368 shares of Gyrodyne stock in a transaction on Monday, April 1st. The stock was sold at an average price of $7.99, for a total transaction of $34,900.32. Following the transaction, the director now directly owns 111,328 shares of the company’s stock, valued at $889,510.72. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Gyrodyne Stock Up 0.2 %

Shares of GYRO opened at $8.02 on Friday. Gyrodyne, LLC has a 12-month low of $7.88 and a 12-month high of $12.66. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.69 and a quick ratio of 0.69. The firm has a fifty day moving average price of $8.27 and a 200-day moving average price of $9.15.

Institutional Trading of Gyrodyne

A hedge fund recently raised its stake in Gyrodyne stock. Gabelli Funds LLC grew its stake in shares of Gyrodyne, LLC (NASDAQ:GYRO) by 1.1% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 144,104 shares of the real estate investment trust’s stock after purchasing an additional 1,547 shares during the quarter. Gabelli Funds LLC owned approximately 9.74% of Gyrodyne worth $2,019,000 at the end of the most recent quarter. 71.36% of the stock is currently owned by 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.