Gyrodyne , LLC (NASDAQ:GYRO – Get Free Report)’s stock price crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of $8.33 and traded as low as $6.17. Gyrodyne shares last traded at $6.17, with a volume of 348 shares traded.
Gyrodyne Stock Performance
The firm has a 50-day moving average price of $7.28 and a two-hundred day moving average price of $8.33.
Institutional Trading of Gyrodyne
Institutional investors and hedge funds have recently made changes to their positions in the company. Advisory Services Network LLC bought a new stake in shares of Gyrodyne in the third quarter valued at about $77,000. Susquehanna International Group LLP bought a new stake in shares of Gyrodyne in the third quarter valued at about $142,000. Teton Advisors LLC bought a new stake in shares of Gyrodyne in the third quarter valued at about $177,000. Finally, Bulldog Investors LLP bought a new stake in shares of Gyrodyne in the third quarter valued at about $601,000. 71.36% of the stock is currently owned by institutional investors.
About Gyrodyne
Gyrodyne Company of America, Inc is a New York–based real estate investment and development firm specializing in medical office buildings and professional facilities. Listed on the NASDAQ under the ticker GYRO, the company’s principal business activity is the ownership, leasing and management of commercial properties tailored to healthcare and life sciences tenants. By focusing on outpatient diagnostic and treatment centers, clinical laboratories and related professional suites, Gyrodyne generates steady rental income and seeks to provide purpose-built environments that meet the specific needs of medical practitioners and research organizations.
The company’s core property portfolio is anchored by an approximately 87-acre campus situated in Stony Brook, Long Island.
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