Gyrodyne (NASDAQ:GYRO) Stock Crosses Above 200-Day Moving Average – Time to Sell?

Shares of Gyrodyne, LLC (NASDAQ:GYRO) 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 Price Performance

The firm’s 50-day moving average is $9.79 and its two-hundred day moving average is $8.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 1.78 and a current ratio of 1.78.

Insiders Place Their Bets

In other news, major shareholder Towerview Llc sold 6,654 shares of the firm’s stock in a transaction that occurred on 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 owns 341,346 shares in the company, valued at $3,898,171.32. This trade represents a 1.91 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 12.10% of the stock is owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in Gyrodyne stock. Round Hill Asset Management raised its holdings in shares of Gyrodyne, LLC (NASDAQ:GYRO) by 17.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 19,715 shares of the real estate investment trust’s stock after buying an additional 2,924 shares during the quarter. Round Hill Asset Management owned about 0.90% of Gyrodyne worth $153,000 as of its most recent SEC filing. Institutional investors own 71.36% of the company’s stock.

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.