Global Self Storage (NASDAQ:SELF) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Global Self Storage, Inc. (NASDAQ:SELF) shares crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $5.14 and traded as low as $5.00. Global Self Storage shares last traded at $5.08, with a volume of 12,766 shares.

Global Self Storage Price Performance

The business has a 50-day moving average of $5.14 and a 200 day moving average of $5.13. The company has a market cap of $57.25 million, a PE ratio of 18.81 and a beta of 0.26.

Global Self Storage Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Monday, March 17th will be given a dividend of $0.0725 per share. This represents a $0.29 annualized dividend and a dividend yield of 5.71%. The ex-dividend date is Monday, March 17th. Global Self Storage’s payout ratio is currently 107.41%.

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 business. Crossingbridge Advisors LLC bought a new position in Global Self Storage in the third quarter worth approximately $526,000. AlphaCentric Advisors LLC purchased a new stake in shares of Global Self Storage in the 4th quarter worth $270,000. Winmill & CO. Inc. lifted its position 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 valued at $2,451,000 after purchasing an additional 35,096 shares in the last quarter. Bailard Inc. purchased a new position in Global Self Storage during the fourth quarter valued at $126,000. Finally, Raymond James Financial Inc. bought a new stake in Global Self Storage during the fourth quarter valued at about $66,000. Hedge funds and other institutional investors own 28.88% of the company’s stock.

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.