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

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

Global Self Storage Stock Performance

NASDAQ:SELF opened at $5.05 on Monday. Global Self Storage has a 52-week low of $4.15 and a 52-week high of $5.85. The business’s fifty day moving average is $5.13 and its 200 day moving average is $5.13. The firm has a market cap of $56.91 million, a price-to-earnings ratio of 18.70 and a beta of 0.26.

Global Self Storage (NASDAQ:SELF) last posted its 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 business had revenue of $3.19 million during the quarter.

Global Self Storage Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a $0.0725 dividend. This represents a $0.29 annualized dividend and a dividend yield of 5.74%. The ex-dividend date of this dividend is Monday, March 17th. Global Self Storage’s dividend payout ratio (DPR) is 161.11%.

Institutional Investors Weigh In On Global Self Storage

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Baker Ellis Asset Management LLC increased its holdings 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 worth $128,000 after buying an additional 4,000 shares during the last quarter. AlphaCentric Advisors LLC bought a new position in Global Self Storage in the fourth quarter valued at $270,000. Bailard Inc. bought a new position in Global Self Storage in the fourth quarter valued at $126,000. Raymond James Financial Inc. purchased a new stake in Global Self Storage during the fourth quarter valued at about $66,000. Finally, Winmill & CO. Inc. lifted its stake in Global Self Storage by 8.3% during the fourth quarter. Winmill & CO. Inc. now owns 459,762 shares of the financial services provider’s stock worth $2,451,000 after purchasing an additional 35,096 shares during the last quarter. 28.88% of the stock is owned by hedge funds and other institutional investors.

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.