Gyrodyne, LLC (NASDAQ:GYRO) Shares Bought by Gabelli Funds LLC

Gabelli Funds LLC grew its position in Gyrodyne, LLC (NASDAQ:GYRO) by 47.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 219,825 shares of the real estate investment trust’s stock after acquiring an additional 70,788 shares during the period. Gabelli Funds LLC owned about 9.99% of Gyrodyne worth $1,825,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Gamco Investors INC. ET AL purchased a new stake in shares of Gyrodyne in the first quarter valued at about $120,000. Teton Advisors Inc. boosted its holdings in shares of Gyrodyne by 40.0% in the first quarter. Teton Advisors Inc. now owns 22,316 shares of the real estate investment trust’s stock valued at $185,000 after acquiring an additional 6,376 shares in the last quarter. Finally, Towerview LLC boosted its holdings in shares of Gyrodyne by 119.9% in the first quarter. Towerview LLC now owns 342,296 shares of the real estate investment trust’s stock valued at $2,762,000 after acquiring an additional 186,659 shares in the last quarter. Hedge funds and other institutional investors own 71.36% of the company’s stock.

Gyrodyne Price Performance

Shares of NASDAQ:GYRO remained flat at $8.00 during midday trading on Friday. The stock has a 50-day moving average price of $7.97 and a 200-day moving average price of $8.23. The company has a current ratio of 0.84, a quick ratio of 0.84 and a debt-to-equity ratio of 0.36. Gyrodyne, LLC has a 1 year low of $7.77 and a 1 year high of $11.10.

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.