AlphaCentric Advisors LLC Takes Position in Global Self Storage, Inc. (NASDAQ:SELF)

AlphaCentric Advisors LLC acquired a new position in Global Self Storage, Inc. (NASDAQ:SELF) in the fourth quarter, Holdings Channel.com reports. The institutional investor acquired 50,722 shares of the financial services provider’s stock, valued at approximately $270,000.

Separately, Baker Ellis Asset Management LLC boosted its stake in shares of Global Self Storage by 20.0% during the 4th quarter. Baker Ellis Asset Management LLC now owns 24,000 shares of the financial services provider’s stock worth $128,000 after acquiring an additional 4,000 shares in the last quarter. Hedge funds and other institutional investors own 28.88% of the company’s stock.

Global Self Storage Stock Performance

Shares of SELF stock opened at $5.16 on Monday. The stock’s 50 day simple moving average is $5.16 and its 200 day simple moving average is $5.12. Global Self Storage, Inc. has a twelve month low of $4.01 and a twelve month high of $5.85. The company has a market capitalization of $58.15 million, a price-to-earnings ratio of 19.11 and a beta of 0.24.

Global Self Storage Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were given a $0.0725 dividend. This is a positive change from Global Self Storage’s previous quarterly dividend of $0.07. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 5.62%. Global Self Storage’s dividend payout ratio (DPR) is currently 107.41%.

About Global Self Storage

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.