Global Self Storage, Inc. (NASDAQ:SELF) Sees Significant Decrease in Short Interest

Global Self Storage, Inc. (NASDAQ:SELF) was the target of a significant drop in short interest during the month of May. As of May 31st, there was short interest totalling 19,400 shares, a drop of 44.1% from the May 15th total of 34,700 shares. Based on an average daily volume of 68,300 shares, the days-to-cover ratio is currently 0.3 days.

Global Self Storage Price Performance

SELF stock traded up $0.05 on Friday, hitting $4.95. 19,414 shares of the company were exchanged, compared to its average volume of 29,675. The stock has a market capitalization of $55.74 million, a price-to-earnings ratio of 26.05 and a beta of 0.25. The business’s fifty day moving average is $4.68 and its two-hundred day moving average is $4.53. Global Self Storage has a twelve month low of $4.01 and a twelve month high of $5.85.

Global Self Storage Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Monday, June 17th will be given a $0.072 dividend. This represents a $0.29 annualized dividend and a dividend yield of 5.82%. The ex-dividend date of this dividend is Monday, June 17th. Global Self Storage’s dividend payout ratio (DPR) is currently 152.64%.

Insider Transactions at Global Self Storage

In other Global Self Storage news, CEO Mark Campbell Winmill bought 20,000 shares of the company’s stock in a transaction that occurred on Thursday, May 30th. The stock was purchased at an average cost of $4.97 per share, for a total transaction of $99,400.00. Following the completion of the purchase, the chief executive officer now owns 287,494 shares of the company’s stock, valued at approximately $1,428,845.18. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders have acquired 23,641 shares of company stock worth $117,257 over the last quarter. 7.97% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in SELF. Financial Gravity Asset Management Inc. acquired a new stake in Global Self Storage during the third quarter worth about $343,000. Towneley Capital Management Inc DE acquired a new stake in Global Self Storage during the 4th quarter worth approximately $200,000. Victory Capital Management Inc. purchased a new position in Global Self Storage in the fourth quarter valued at approximately $79,000. Core Wealth Partners LLC acquired a new position in Global Self Storage during the first quarter valued at approximately $44,000. Finally, Creekmur Asset Management LLC purchased a new stake in Global Self Storage during the fourth quarter worth approximately $42,000. Institutional investors and hedge funds own 28.88% of the company’s stock.

Global Self Storage Company 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.