Global Self Storage, Inc. (NASDAQ:SELF) Sees Significant Decline in Short Interest

Global Self Storage, Inc. (NASDAQ:SELF - Get Free Report) saw a large drop in short interest in the month of March. As of March 15th, there was short interest totalling 14,900 shares, a drop of 19.0% from the February 28th total of 18,400 shares. Currently, 0.1% of the company's stock are short sold. Based on an average daily volume of 15,800 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Trading of Global Self Storage

A number of institutional investors and hedge funds have recently modified their holdings of SELF. Baker Ellis Asset Management LLC lifted its position in Global Self Storage by 20.0% during 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 period. Raymond James Financial Inc. bought a new position in shares of Global Self Storage in the 4th quarter worth approximately $66,000. Bailard Inc. bought a new position in Global Self Storage in the fourth quarter worth approximately $126,000. Winmill & CO. Inc. lifted its position in shares of Global Self Storage by 8.3% during the 4th quarter. Winmill & CO. Inc. now owns 459,762 shares of the financial services provider's stock valued at $2,451,000 after buying an additional 35,096 shares in the last quarter. Finally, Crossingbridge Advisors LLC lifted its position in shares of Global Self Storage by 49.8% in the fourth quarter. Crossingbridge Advisors LLC now owns 151,325 shares of the financial services provider's stock valued at $807,000 after acquiring an additional 50,295 shares in the last quarter. Institutional investors own 28.88% of the company's stock.

Global Self Storage Price Performance

SELF stock traded up $0.01 during midday trading on Wednesday, hitting $5.06. The stock had a trading volume of 10,940 shares, compared to its average volume of 28,875. Global Self Storage has a 52-week low of $4.15 and a 52-week high of $5.85. The firm has a market cap of $57.02 million, a price-to-earnings ratio of 18.74 and a beta of 0.26. The business has a 50-day moving average of $5.12 and a two-hundred day moving average of $5.13.

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Global Self Storage (NASDAQ:SELF - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The financial services provider reported $0.11 EPS for the quarter. Global Self Storage had a return on equity of 6.55% and a net margin of 25.47%. The firm had revenue of $3.19 million for the quarter.

Global Self Storage Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a dividend of $0.0725 per share. This represents a $0.29 dividend on an annualized basis and a dividend yield of 5.73%. The ex-dividend date was Monday, March 17th. Global Self Storage's payout ratio is 161.11%.

Global Self Storage Company 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.