Shares of Gyrodyne LLC (NASDAQ:GYRO) crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $18.59 and traded as high as $19.95. Gyrodyne shares last traded at $19.95, with a volume of 100 shares changing hands.
The firm’s 50-day moving average price is $18.61 and its two-hundred day moving average price is $18.84. The company has a current ratio of 2.54, a quick ratio of 2.54 and a debt-to-equity ratio of 0.09.
An institutional investor recently raised its position in Gyrodyne stock. Gabelli Funds LLC increased its position in shares of Gyrodyne LLC (NASDAQ:GYRO) by 15.9% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 44,164 shares of the real estate investment trust’s stock after acquiring an additional 6,049 shares during the quarter. Gabelli Funds LLC owned approximately 2.98% of Gyrodyne worth $795,000 as of its most recent filing with the Securities and Exchange Commission. Hedge funds and other institutional investors own 33.30% of the company’s stock.
Gyrodyne, LLC. owns, leases and manages diverse commercial properties. The firm is distinguished by its service-oriented philosophy toward property ownership and management. Gyrodyne has grown from a largely Long Island player during the past into a diversified East Coast presence with an emphasis on medical office product.
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