Insider Buying: Gyrodyne, LLC (NASDAQ:GYRO) Major Shareholder Buys 2,434 Shares of Stock

Gyrodyne, LLC (NASDAQ:GYRO) major shareholder Towerview Llc bought 2,434 shares of the stock in a transaction dated Tuesday, April 16th. The shares were acquired at an average price of $7.84 per share, with a total value of $19,082.56. Following the completion of the purchase, the insider now directly owns 344,730 shares of the company’s stock, valued at $2,702,683.20. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Large shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Gyrodyne Price Performance

Shares of Gyrodyne stock remained flat at $7.83 during trading hours on Thursday. The firm’s 50-day simple moving average is $8.12 and its two-hundred day simple moving average is $9.02. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.36. Gyrodyne, LLC has a 52-week low of $7.80 and a 52-week high of $12.66.

Institutional Trading of Gyrodyne

A hedge fund recently raised its stake in Gyrodyne stock. Teton Advisors Inc. grew its stake in shares of Gyrodyne, LLC (NASDAQ:GYRO) by 18.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 19,040 shares of the real estate investment trust’s stock after purchasing an additional 2,902 shares during the quarter. Teton Advisors Inc. owned approximately 1.28% of Gyrodyne worth $163,000 as of its most recent SEC filing. Institutional investors and hedge funds own 71.36% of the company’s stock.

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.