Gyrodyne, LLC (NASDAQ:GYRO) Position Trimmed by Towerview LLC

Towerview LLC lessened its holdings in Gyrodyne, LLC (NASDAQ:GYRO) by 2.0% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 340,996 shares of the real estate investment trust’s stock after selling 7,004 shares during the quarter. Gyrodyne comprises 2.2% of Towerview LLC’s portfolio, making the stock its 9th largest position. Towerview LLC owned approximately 15.50% of Gyrodyne worth $3,076,000 as of its most recent SEC filing.

Separately, Round Hill Asset Management grew its holdings in shares of Gyrodyne by 17.4% during the third quarter. Round Hill Asset Management now owns 19,715 shares of the real estate investment trust’s stock valued at $153,000 after buying an additional 2,924 shares during the last quarter. 71.36% of the stock is owned by institutional investors and hedge funds.

Gyrodyne Stock Performance

NASDAQ:GYRO opened at $8.58 on Friday. The company’s 50 day moving average price is $9.14 and its 200-day moving average price is $9.01. Gyrodyne, LLC has a 52 week low of $7.65 and a 52 week high of $11.96. The company has a current ratio of 1.78, a quick ratio of 1.78 and a debt-to-equity ratio of 0.37.

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.