Gyrodyne, LLC (NASDAQ:GYRO - Get Free Report) Director Paul L. Lamb sold 4,368 shares of the 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 sale, the director now directly owns 111,328 shares in the company, valued at $889,510.72. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Gyrodyne Stock Performance
GYRO stock opened at $8.00 on Friday. Gyrodyne, LLC has a fifty-two week low of $7.88 and a fifty-two week high of $12.66. The company has a quick ratio of 0.69, a current ratio of 0.69 and a debt-to-equity ratio of 0.32. The firm's 50-day simple moving average is $8.29 and its 200 day simple moving average is $9.18.
Hedge Funds Weigh In On Gyrodyne
An institutional investor recently raised its position in Gyrodyne stock. Teton Advisors Inc. grew its position in Gyrodyne, LLC (NASDAQ:GYRO - Free Report) by 18.0% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 19,040 shares of the real estate investment trust's stock after buying an additional 2,902 shares during the quarter. Teton Advisors Inc. owned approximately 1.28% of Gyrodyne worth $163,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 71.36% of the company's stock.
Gyrodyne Company Profile
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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.
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