Gyrodyne (NASDAQ:GYRO) Shares Cross Below 200-Day Moving Average of $9.09

Gyrodyne, LLC (NASDAQ:GYRO)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $9.09 and traded as low as $7.95. Gyrodyne shares last traded at $7.95, with a volume of 3,327 shares trading hands.

Gyrodyne Price Performance

The stock has a 50 day simple moving average of $8.17 and a 200-day simple moving average of $9.09. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.84 and a current ratio of 0.84.

Insider Buying and Selling

In other Gyrodyne news, Director Paul L. Lamb sold 4,368 shares of the business’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $7.99, for a total transaction of $34,900.32. Following the completion of the sale, the director now owns 111,328 shares of the company’s stock, valued at $889,510.72. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 7.40% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Gyrodyne

An institutional investor recently raised its position in Gyrodyne stock. Teton Advisors Inc. boosted its position in shares of Gyrodyne, LLC (NASDAQ:GYRO) by 18.0% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm 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 about 1.28% of Gyrodyne worth $163,000 as of its most recent filing with the Securities & Exchange Commission. Institutional investors 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.