Gyrodyne (NASDAQ:GYRO) Share Price Passes Below Two Hundred Day Moving Average – Here’s What Happened

Gyrodyne , LLC (NASDAQ:GYRO) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $8.71 and traded as low as $7.31. Gyrodyne shares last traded at $7.5180, with a volume of 295 shares.

Gyrodyne Trading Up 0.1%

The business’s 50-day moving average price is $7.77 and its 200-day moving average price is $8.68.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Bulldog Investors LLP acquired a new stake in shares of Gyrodyne during the third quarter worth $601,000. Teton Advisors LLC acquired a new position in Gyrodyne in the 3rd quarter valued at $177,000. Susquehanna International Group LLP acquired a new position in Gyrodyne in the 3rd quarter valued at $142,000. Finally, Advisory Services Network LLC purchased a new position in Gyrodyne during the 3rd quarter worth $77,000. 71.36% of the stock is currently owned by hedge funds and other institutional investors.

Gyrodyne Company Profile

Gyrodyne Company of America, Inc is a New York–based real estate investment and development firm specializing in medical office buildings and professional facilities. Listed on the NASDAQ under the ticker GYRO, the company’s principal business activity is the ownership, leasing and management of commercial properties tailored to healthcare and life sciences tenants. By focusing on outpatient diagnostic and treatment centers, clinical laboratories and related professional suites, Gyrodyne generates steady rental income and seeks to provide purpose-built environments that meet the specific needs of medical practitioners and research organizations.

The company’s core property portfolio is anchored by an approximately 87-acre campus situated in Stony Brook, Long Island.