Geode Capital Management LLC Sells 3,297 Shares of Global Self Storage, Inc. (NASDAQ:SELF)

Geode Capital Management LLC lowered its stake in Global Self Storage, Inc. (NASDAQ:SELF) by 2.2% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 147,429 shares of the financial services provider’s stock after selling 3,297 shares during the quarter. Geode Capital Management LLC owned 1.31% of Global Self Storage worth $768,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP grew its holdings in shares of Global Self Storage by 4.0% in the second quarter. Dimensional Fund Advisors LP now owns 55,866 shares of the financial services provider’s stock worth $272,000 after acquiring an additional 2,152 shares during the period. Crossingbridge Advisors LLC bought a new position in Global Self Storage in the third quarter worth approximately $526,000. Finally, Northwest Capital Management Inc purchased a new position in Global Self Storage during the third quarter valued at $4,734,000. 28.88% of the stock is currently owned by hedge funds and other institutional investors.

Global Self Storage Stock Performance

Shares of Global Self Storage stock opened at $5.05 on Friday. The company has a fifty day moving average of $5.16 and a 200 day moving average of $5.08. The company has a market capitalization of $56.91 million, a P/E ratio of 18.70 and a beta of 0.24. Global Self Storage, Inc. has a fifty-two week low of $4.01 and a fifty-two week high of $5.85.

Global Self Storage Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 30th. Investors of record on Monday, December 16th were given a dividend of $0.0725 per share. The ex-dividend date of this dividend was Monday, December 16th. This represents a $0.29 annualized dividend and a dividend yield of 5.74%. This is a boost from Global Self Storage’s previous quarterly dividend of $0.07. Global Self Storage’s dividend payout ratio (DPR) is currently 107.41%.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners started coverage on shares of Global Self Storage in a report on Friday, October 18th. They set a “buy” rating and a $6.50 price target on the stock.

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.