Gyrodyne (NASDAQ:GYRO) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Gyrodyne, LLC (NASDAQ:GYRO)’s stock price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $7.95 and traded as low as $7.68. Gyrodyne shares last traded at $7.98, with a volume of 5,406 shares traded.

Gyrodyne Stock Down 0.2 %

The firm has a fifty day moving average of $7.93 and a 200-day moving average of $7.95.

Institutional Investors Weigh In On Gyrodyne

A number of hedge funds have recently modified their holdings of GYRO. Towerview LLC lifted its position in Gyrodyne by 1.4% during the 2nd quarter. Towerview LLC now owns 347,000 shares of the real estate investment trust’s stock worth $2,724,000 after buying an additional 4,704 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. increased 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 acquiring an additional 62,393 shares during the period. Gabelli Funds LLC raised its position 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 in the last quarter. Teton Advisors Inc. lifted its position in shares of Gyrodyne by 40.0% during 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 during the period. Finally, Gamco Investors INC. ET AL acquired a new stake in Gyrodyne during the first quarter worth about $120,000. Institutional investors and hedge funds own 71.36% of the company’s stock.

Gyrodyne Company 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.