Global Self Storage, Inc. (NASDAQ:SELF - Get Free Report) was the target of a significant growth in short interest during the month of February. As of February 28th, there was short interest totalling 18,400 shares, a growth of 26.9% from the February 13th total of 14,500 shares. Approximately 0.2% of the shares of the stock are sold short. Based on an average trading volume of 15,900 shares, the days-to-cover ratio is presently 1.2 days.
Hedge Funds Weigh In On Global Self Storage
Hedge funds and other institutional investors have recently modified their holdings of the business. AlphaCentric Advisors LLC purchased a new stake in Global Self Storage during the 4th quarter valued at about $270,000. Crossingbridge Advisors LLC purchased a new stake in shares of Global Self Storage in the third quarter valued at approximately $526,000. Bailard Inc. purchased a new stake in shares of Global Self Storage in the fourth quarter valued at approximately $126,000. Baker Ellis Asset Management LLC increased its holdings in shares of Global Self Storage by 20.0% in the fourth quarter. Baker Ellis Asset Management LLC now owns 24,000 shares of the financial services provider's stock valued at $128,000 after purchasing an additional 4,000 shares during the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Global Self Storage during the fourth quarter worth approximately $66,000. 28.88% of the stock is owned by hedge funds and other institutional investors.
Global Self Storage Stock Performance
Shares of NASDAQ:SELF traded down $0.15 during trading on Friday, reaching $5.00. The stock had a trading volume of 18,723 shares, compared to its average volume of 29,247. Global Self Storage has a 1-year low of $4.15 and a 1-year high of $5.85. The stock has a market cap of $56.35 million, a PE ratio of 18.52 and a beta of 0.26. The business has a fifty day moving average price of $5.14 and a 200-day moving average price of $5.13.
Global Self Storage Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be issued a dividend of $0.0725 per share. This represents a $0.29 dividend on an annualized basis and a dividend yield of 5.80%. The ex-dividend date is Monday, March 17th. Global Self Storage's payout ratio is 107.41%.
Global Self Storage Company Profile
(
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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.
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