Gyrodyne (NASDAQ:GYRO) Shares Cross Below 200 Day Moving Average of $8.44

Gyrodyne, LLC (NASDAQ:GYRO) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $8.44 and traded as low as $7.85. Gyrodyne shares last traded at $7.85, with a volume of 106 shares changing hands.

Gyrodyne Trading Down 3.4 %

The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.36. The company has a 50-day simple moving average of $7.92 and a 200 day simple moving average of $8.44.

Hedge Funds Weigh In On Gyrodyne

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Gamco Investors INC. ET AL acquired a new stake in Gyrodyne in the 1st quarter worth $120,000. Gabelli Funds LLC lifted 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 valued at $1,825,000 after buying an additional 70,788 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. grew its position in Gyrodyne by 56.4% during 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 buying an additional 62,393 shares in the last quarter. Teton Advisors Inc. grew its position in Gyrodyne by 40.0% during the first quarter. Teton Advisors Inc. now owns 22,316 shares of the real estate investment trust’s stock worth $185,000 after buying an additional 6,376 shares in the last quarter. Finally, Towerview LLC increased its stake in Gyrodyne by 119.9% during the first quarter. Towerview LLC now owns 342,296 shares of the real estate investment trust’s stock valued at $2,762,000 after acquiring an additional 186,659 shares during the period. 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.