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TOWERVIEW LLC, a ten percent owner of Gyrodyne, LLC (EXCHANGE:GYRO), a small-cap company with a market capitalization of $23.4 million, sold 1,216 common shares of the company on August 4, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a price of $12.1, for a total transaction value of $14,713. The sale comes as the stock trades near its 52-week high of $12.0, having surged over 25% in the past week alone. According to InvestingPro analysis, the stock’s RSI indicates overbought conditions, with several additional technical indicators available to subscribers. Following the transaction, TOWERVIEW LLC directly owns 340,080 shares of Gyrodyne, LLC.
In other recent news, Gyrodyne, LLC announced a significant land sale agreement that has captured investor attention. The company’s subsidiary, GSD Flowerfield, LLC, has entered into a purchase and sale agreement with B2K Smithtown LLC for approximately 49 acres of vacant land located in the Flowerfield complex in St. James, New York. The purchase price for this land is set between $24 million and $28.74 million, with Gyrodyne estimating the final price to be at the higher end of this range. This development is expected to substantially boost the company’s value, reflecting its strategic moves in real estate management. These recent developments indicate the company’s ongoing efforts to optimize its asset portfolio. The agreement is seen as a significant step for Gyrodyne, highlighting its potential for growth in the real estate sector. Investors are closely watching these developments as they unfold.
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