Gyrodyne (NASDAQ:GYRO) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

Gyrodyne, LLC (NASDAQ:GYRO) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $7.95 and traded as low as $7.68. Gyrodyne shares last traded at $7.98, with a volume of 5,406 shares changing hands.

Gyrodyne Trading Up 28.0 %

The firm’s 50-day moving average is $7.97 and its 200 day moving average is $7.97.

Institutional Trading of Gyrodyne

Several institutional investors have recently modified their holdings of the business. Towerview LLC raised its position in Gyrodyne by 1.4% during the 2nd 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. Gabelli Funds LLC raised 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 worth $1,825,000 after acquiring an additional 70,788 shares during the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. lifted its stake 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 worth $1,437,000 after acquiring an additional 62,393 shares during the period. Teton Advisors Inc. boosted its holdings in Gyrodyne by 40.0% in the first quarter. Teton Advisors Inc. now owns 22,316 shares of the real estate investment trust’s stock valued at $185,000 after acquiring an additional 6,376 shares during the last quarter. Finally, Gamco Investors INC. ET AL acquired a new stake in Gyrodyne during the 1st quarter valued at approximately $120,000. 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.