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

Gyrodyne, LLC (NASDAQ:GYRO) major shareholder Towerview Llc sold 6,654 shares of the business’s stock in a transaction dated Friday, October 18th. The stock was sold at an average price of $11.42, for a total value of $75,988.68. Following the transaction, the insider now directly owns 341,346 shares of the company’s stock, valued at $3,898,171.32. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases 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 stock was sold at an average price of $10.55, for a total value of $3,692.50.

Gyrodyne Price Performance

Shares of GYRO stock traded down $0.55 during mid-day trading on Monday, reaching $10.55. The stock had a trading volume of 9,019 shares, compared to its average volume of 2,986. Gyrodyne, LLC has a one year low of $7.65 and a one year high of $11.96. The firm’s 50 day simple moving average is $8.10 and its 200 day simple moving average is $8.01.

Institutional Trading of Gyrodyne

Several institutional investors have recently modified their holdings of the company. Gamco Investors INC. ET AL acquired a new position in shares of Gyrodyne in the 1st quarter valued at $120,000. Gabelli Funds LLC raised its stake in shares of Gyrodyne by 47.5% in 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 in the last quarter. Towerview LLC raised its stake in shares of Gyrodyne by 1.4% in the 2nd quarter. Towerview LLC now owns 347,000 shares of the real estate investment trust’s stock valued at $2,724,000 after buying an additional 4,704 shares in the last quarter. GABELLI & Co INVESTMENT ADVISERS INC. raised its stake in shares of Gyrodyne by 56.4% in 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 in the last quarter. Finally, Teton Advisors Inc. raised its stake in shares of 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 buying an additional 6,376 shares in the last quarter. Institutional investors and hedge funds 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.