Crossingbridge Advisors LLC Invests $526,000 in Global Self Storage, Inc. (NASDAQ:SELF)

Crossingbridge Advisors LLC acquired a new stake in Global Self Storage, Inc. (NASDAQ:SELF - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 101,030 shares of the financial services provider's stock, valued at approximately $526,000. Crossingbridge Advisors LLC owned 0.90% of Global Self Storage at the end of the most recent quarter.

Separately, Dimensional Fund Advisors LP boosted its stake in Global Self Storage by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 55,866 shares of the financial services provider's stock valued at $272,000 after buying an additional 2,152 shares in the last quarter. 28.88% of the stock is currently owned by institutional investors and hedge funds.

Global Self Storage Trading Up 0.4 %

SELF stock traded up $0.02 during trading on Tuesday, hitting $5.18. 4,823 shares of the stock traded hands, compared to its average volume of 35,019. The stock has a market cap of $58.38 million, a price-to-earnings ratio of 19.11 and a beta of 0.26. Global Self Storage, Inc. has a one year low of $4.01 and a one year high of $5.85. The company has a 50 day simple moving average of $5.10 and a 200 day simple moving average of $5.03.

Global Self Storage Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 17th were given a dividend of $0.072 per share. The ex-dividend date of this dividend was Tuesday, September 17th. This represents a $0.29 dividend on an annualized basis and a yield of 5.56%. Global Self Storage's dividend payout ratio (DPR) is presently 107.41%.

Analyst Ratings Changes

Separately, Alliance Global Partners started coverage on Global Self Storage in a research note on Friday, October 18th. They set a "buy" rating and a $6.50 price objective for the company.

Global Self Storage Profile

Global Self Storage is a self-administered and self-managed REIT that owns, operates, manages, acquires, and redevelops self-storage properties. The company's self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers.