Global Self Storage (NASDAQ:SELF) Stock Price Crosses Below Fifty Day Moving Average – Here’s What Happened

Global Self Storage, Inc. (NASDAQ:SELF) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $5.25 and traded as low as $5.16. Global Self Storage shares last traded at $5.25, with a volume of 4,736 shares changing hands.

Wall Street Analyst Weigh In

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

Global Self Storage Trading Up 0.8%

The company has a market capitalization of $59.96 million, a price-to-earnings ratio of 30.88 and a beta of 0.02. The firm’s 50 day simple moving average is $5.25 and its 200-day simple moving average is $5.13.

Global Self Storage (NASDAQ:SELF) last announced its quarterly earnings data on Friday, May 8th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.06 by ($0.02). Global Self Storage had a net margin of 15.37% and a return on equity of 4.19%. The firm had revenue of $3.17 million during the quarter, compared to analyst estimates of $3.08 million.

Global Self Storage Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were paid a dividend of $0.0725 per share. The ex-dividend date of this dividend was Monday, March 16th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 5.5%. Global Self Storage’s dividend payout ratio is 170.59%.

Hedge Funds Weigh In On Global Self Storage

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Hsbc Holdings PLC acquired a new position in shares of Global Self Storage during the 1st quarter worth $88,000. Private Capital Management LLC acquired a new position in shares of Global Self Storage during the 4th quarter worth $61,000. Royal Bank of Canada acquired a new position in shares of Global Self Storage during the 4th quarter worth $129,000. Winmill & CO. Inc. grew its stake in shares of Global Self Storage by 14.0% during the 4th quarter. Winmill & CO. Inc. now owns 586,500 shares of the financial services provider’s stock worth $2,991,000 after purchasing an additional 71,907 shares during the period. Finally, Crossingbridge Advisors LLC grew its stake in shares of Global Self Storage by 3,427.1% during the 4th quarter. Crossingbridge Advisors LLC now owns 35,271 shares of the financial services provider’s stock worth $178,000 after purchasing an additional 34,271 shares during the period. 28.88% of the stock is owned by institutional investors and hedge funds.

Global Self Storage Company Profile

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.