Global Self Storage, Inc. (NASDAQ:SELF) Short Interest Down 19.0% in March

Global Self Storage, Inc. (NASDAQ:SELF) was the recipient of a significant decrease in short interest during the month of March. As of March 15th, there was short interest totalling 14,900 shares, a decrease 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 trading volume, of 15,800 shares, the days-to-cover ratio is presently 0.9 days.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in Global Self Storage in the fourth quarter valued at $66,000. Bailard Inc. acquired a new stake in shares of Global Self Storage in the 4th quarter valued at about $126,000. Baker Ellis Asset Management LLC boosted its position in shares of Global Self Storage by 20.0% in the 4th 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. AlphaCentric Advisors LLC purchased a new position in Global Self Storage during the 4th quarter worth approximately $270,000. Finally, Crossingbridge Advisors LLC lifted its stake in 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 buying an additional 50,295 shares during the last quarter. 28.88% of the stock is owned by hedge funds and other institutional investors.

Global Self Storage Stock Up 0.8 %

Global Self Storage stock traded up $0.04 during midday trading on Wednesday, reaching $5.09. The company’s stock had a trading volume of 13,929 shares, compared to its average volume of 28,888. The business has a 50-day simple moving average of $5.12 and a 200-day simple moving average of $5.13. The company has a market cap of $57.36 million, a P/E ratio of 18.85 and a beta of 0.26. Global Self Storage has a fifty-two week low of $4.15 and a fifty-two week high of $5.85.

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

Global Self Storage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were issued a $0.0725 dividend. This represents a $0.29 annualized dividend and a dividend yield of 5.70%. The ex-dividend date was Monday, March 17th. Global Self Storage’s payout ratio is 161.11%.

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.