Gyrodyne, LLC (NASDAQ:GYRO) Major Shareholder Towerview Llc Sells 6,654 Shares of Stock

Gyrodyne, LLC (NASDAQ:GYRO) major shareholder Towerview Llc sold 6,654 shares of the company’s stock in a transaction dated Friday, October 18th. The shares were sold at an average price of $11.42, for a total transaction of $75,988.68. Following the transaction, the insider now owns 341,346 shares in the company, valued at $3,898,171.32. This represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Large shareholders that own at least 10% of a company’s shares are required to disclose their transactions with the SEC.

Towerview Llc also recently made the following trade(s):

• On Monday, October 21st, Towerview Llc sold 350 shares of Gyrodyne stock. The shares were sold at an average price of $10.55, for a total value of $3,692.50.

Gyrodyne Trading Down 5.0 %

Shares of NASDAQ:GYRO opened at $10.55 on Tuesday. Gyrodyne, LLC has a 52-week low of $7.65 and a 52-week high of $11.96. The business’s 50 day simple moving average is $8.10 and its two-hundred day simple moving average is $8.01.

Hedge Funds Weigh In On Gyrodyne

A number of large investors have recently modified their holdings of GYRO. Towerview LLC increased its stake in Gyrodyne by 119.9% during 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 in the last quarter. Gabelli Funds LLC grew its holdings in shares of Gyrodyne by 47.5% during 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 last quarter. GABELLI & Co INVESTMENT ADVISERS INC. increased its position in shares of 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 acquiring an additional 62,393 shares in the last quarter. Gamco Investors INC. ET AL acquired a new stake in shares of Gyrodyne in the 1st quarter worth about $120,000. Finally, Teton Advisors Inc. lifted 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 acquiring an additional 6,376 shares in the last quarter. 71.36% of the stock is currently owned by institutional investors.

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.