Gabelli Funds LLC raised its holdings in Gyrodyne, LLC (NASDAQ:GYRO – Free Report) by 47.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 219,825 shares of the real estate investment trust’s stock after purchasing an additional 70,788 shares during the quarter. Gabelli Funds LLC owned approximately 0.10% of Gyrodyne worth $1,825,000 as of its most recent SEC filing.
Other institutional investors have also recently bought and sold shares of the company. Gamco Investors INC. ET AL bought a new position in Gyrodyne in the 1st quarter valued at $120,000. Teton Advisors Inc. raised its position in Gyrodyne by 40.0% in the 1st quarter. Teton Advisors Inc. now owns 22,316 shares of the real estate investment trust’s stock valued at $185,000 after purchasing an additional 6,376 shares during the last quarter. Finally, Towerview LLC raised its position in Gyrodyne by 119.9% in the 1st quarter. Towerview LLC now owns 342,296 shares of the real estate investment trust’s stock valued at $2,762,000 after purchasing an additional 186,659 shares during the last quarter. Institutional investors own 71.36% of the company’s stock.
Gyrodyne Stock Performance
GYRO remained flat at $8.00 during trading on Friday. The business’s fifty day moving average is $7.97 and its two-hundred day moving average is $8.23. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.36. Gyrodyne, LLC has a fifty-two week low of $7.77 and a fifty-two week high of $11.10.
Gyrodyne 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.
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