Towerview LLC Purchases 1,000 Shares of Gyrodyne, LLC (NASDAQ:GYRO)

Towerview LLC lifted its stake in shares of Gyrodyne, LLC (NASDAQ:GYRO) by 0.3% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 348,000 shares of the real estate investment trust’s stock after purchasing an additional 1,000 shares during the period. Gyrodyne accounts for about 1.7% of Towerview LLC’s portfolio, making the stock its 10th largest holding. Towerview LLC owned approximately 15.82% of Gyrodyne worth $2,697,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Gamco Investors INC. ET AL acquired a new position in shares of Gyrodyne during the 1st quarter worth approximately $120,000. Teton Advisors Inc. raised 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 buying an additional 6,376 shares during the period. GABELLI & Co INVESTMENT ADVISERS INC. raised its position in shares of Gyrodyne by 56.4% during the 1st quarter. GABELLI & Co INVESTMENT ADVISERS INC. now owns 173,084 shares of the real estate investment trust’s stock valued at $1,437,000 after buying an additional 62,393 shares during the period. Finally, Gabelli Funds LLC raised its position in shares of Gyrodyne by 47.5% during the 1st 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. 71.36% of the stock is currently owned by institutional investors and hedge funds.

Gyrodyne Stock Down 3.4 %

Shares of GYRO stock traded down $0.36 during trading on Thursday, hitting $10.10. 830 shares of the stock traded hands, compared to its average volume of 2,880. The firm’s fifty day moving average price is $8.99 and its 200-day moving average price is $8.32. Gyrodyne, LLC has a 52-week low of $7.65 and a 52-week high of $11.96.

Insider Activity

In other news, major shareholder Towerview Llc sold 6,654 shares of Gyrodyne stock in a transaction that occurred on Friday, October 18th. The shares were sold at an average price of $11.42, for a total transaction of $75,988.68. Following the sale, the insider now owns 341,346 shares of the company’s stock, valued at approximately $3,898,171.32. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 12.10% of the company’s stock.

Gyrodyne 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.