Round Hill Asset Management Has $153,000 Position in Gyrodyne, LLC (NASDAQ:GYRO)

Round Hill Asset Management raised its stake in shares of Gyrodyne, LLC (NASDAQ:GYRO) by 17.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 19,715 shares of the real estate investment trust’s stock after purchasing an additional 2,924 shares during the period. Round Hill Asset Management owned 0.90% of Gyrodyne worth $153,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Gamco Investors INC. ET AL acquired a new position in Gyrodyne in the 1st quarter valued at $120,000. Gabelli Funds LLC increased its stake in shares of Gyrodyne by 47.5% in the first quarter. Gabelli Funds LLC now owns 219,825 shares of the real estate investment trust’s stock worth $1,825,000 after purchasing an additional 70,788 shares during the period. Finally, Towerview LLC boosted its stake in Gyrodyne by 0.3% during the 3rd quarter. Towerview LLC now owns 348,000 shares of the real estate investment trust’s stock valued at $2,697,000 after purchasing an additional 1,000 shares during the period. Institutional investors own 71.36% of the company’s stock.

Gyrodyne Price Performance

GYRO opened at $8.74 on Friday. The stock’s 50 day moving average price is $9.23 and its two-hundred day moving average price is $8.41. Gyrodyne, LLC has a 12-month low of $7.65 and a 12-month high of $11.96.

Insider Transactions at Gyrodyne

In related news, major shareholder Towerview Llc sold 6,654 shares of Gyrodyne stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $11.42, for a total transaction of $75,988.68. Following the sale, the insider now directly owns 341,346 shares of the company’s stock, valued at $3,898,171.32. This trade represents a 1.91 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 12.10% of the stock is currently owned by corporate insiders.

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.