Gyrodyne, LLC (NASDAQ:GYRO - Get Free Report) major shareholder Towerview Llc purchased 2,434 shares of the business's stock in a transaction dated Tuesday, April 16th. The shares were purchased at an average price of $7.84 per share, for a total transaction of $19,082.56. Following the acquisition, the insider now directly owns 344,730 shares of the company's stock, valued at $2,702,683.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.
Gyrodyne Trading Up 5.0 %
Gyrodyne stock opened at $8.22 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.36. The firm's 50 day moving average price is $8.13 and its two-hundred day moving average price is $9.01. Gyrodyne, LLC has a twelve month low of $7.80 and a twelve month high of $12.66.
Institutional Inflows and Outflows
An institutional investor recently raised its position in Gyrodyne stock. Teton Advisors Inc. increased its position in shares of Gyrodyne, LLC (NASDAQ:GYRO - Free Report) by 18.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 19,040 shares of the real estate investment trust's stock after buying an additional 2,902 shares during the period. Teton Advisors Inc. owned 1.28% of Gyrodyne worth $163,000 at the end of the most recent reporting period. 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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