Gyrodyne (NASDAQ:GYRO) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Gyrodyne, LLC (NASDAQ:GYRO)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $8.60 and traded as high as $9.30. Gyrodyne shares last traded at $9.30, with a volume of 614 shares traded.

Gyrodyne Stock Performance

The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37. The business’s fifty day moving average price is $9.79 and its two-hundred day moving average price is $8.60.

Insider Buying and Selling at Gyrodyne

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 completion of the transaction, the insider now directly owns 341,346 shares of the company’s stock, valued at $3,898,171.32. The trade was a 1.91 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 12.10% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in Gyrodyne stock. Round Hill Asset Management lifted its holdings in Gyrodyne, LLC (NASDAQ:GYRO) by 17.4% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,715 shares of the real estate investment trust’s stock after purchasing an additional 2,924 shares during the period. Round Hill Asset Management owned about 0.90% of Gyrodyne worth $153,000 as of its most recent filing with the Securities & Exchange Commission. 71.36% of the stock is currently owned by hedge funds and other institutional investors.

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.