Global Self Storage, Inc. (NASDAQ:SELF) Short Interest Up 18.1% in March

Global Self Storage, Inc. (NASDAQ:SELF) was the recipient of a significant growth in short interest in March. As of March 13th, there was short interest totaling 17,799 shares, a growth of 18.1% from the February 26th total of 15,074 shares. Based on an average trading volume of 28,173 shares, the days-to-cover ratio is presently 0.6 days. Approximately 0.2% of the shares of the stock are short sold.

Institutional Trading of Global Self Storage

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in Global Self Storage by 3.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 61,131 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 2,032 shares during the period. Geode Capital Management LLC boosted its position in shares of Global Self Storage by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 144,144 shares of the financial services provider’s stock worth $735,000 after purchasing an additional 2,867 shares during the last quarter. Raymond James Financial Inc. boosted its position in shares of Global Self Storage by 20.4% in the 2nd quarter. Raymond James Financial Inc. now owns 18,758 shares of the financial services provider’s stock worth $100,000 after purchasing an additional 3,179 shares during the last quarter. PFG Investments LLC grew its stake in shares of Global Self Storage by 12.3% during the fourth quarter. PFG Investments LLC now owns 35,194 shares of the financial services provider’s stock worth $179,000 after purchasing an additional 3,842 shares during the period. Finally, Baker Ellis Asset Management LLC increased its holdings in Global Self Storage by 18.2% in the fourth quarter. Baker Ellis Asset Management LLC now owns 39,000 shares of the financial services provider’s stock valued at $199,000 after purchasing an additional 6,000 shares during the last quarter. 28.88% of the stock is currently owned by institutional investors and hedge funds.

Global Self Storage Price Performance

Shares of SELF opened at $5.14 on Thursday. The company has a market capitalization of $58.29 million, a P/E ratio of 28.56 and a beta of -0.01. Global Self Storage has a one year low of $4.73 and a one year high of $5.89. The business’s 50 day simple moving average is $5.07 and its 200-day simple moving average is $5.05.

Global Self Storage (NASDAQ:SELF) last released its quarterly earnings results on Thursday, March 26th. The financial services provider reported $0.03 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Global Self Storage had a net margin of 16.04% and a return on equity of 4.34%. The business had revenue of $3.16 million for the quarter, compared to analyst estimates of $3.13 million.

Global Self Storage Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were given a dividend of $0.0725 per share. The ex-dividend date was Monday, March 16th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 5.6%. Global Self Storage’s payout ratio is presently 161.11%.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Global Self Storage in a report on Friday, March 27th. One analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Global Self Storage presently has an average rating of “Hold”.

About Global Self Storage

Global Self Storage, Inc (NASDAQ: SELF) is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and acquisition of self storage properties across the United States. Headquartered in Denver, Colorado, the company focuses on delivering storage solutions tailored to both personal and commercial customers. Since its formation in 2012, Global Self Storage has built a diversified portfolio designed to meet a range of storage needs—from climate-controlled units to vehicle and business storage options.

The company’s primary business activities include the development of new facilities, the strategic acquisition of existing properties and the repositioning of underperforming assets.