Crossingbridge Advisors LLC Purchases New Position in Global Self Storage, Inc. (NASDAQ:SELF)

Crossingbridge Advisors LLC acquired a new position in shares of Global Self Storage, Inc. (NASDAQ:SELF) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 101,030 shares of the financial services provider’s stock, valued at approximately $526,000.

Separately, Dimensional Fund Advisors LP boosted its holdings in shares of Global Self Storage by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 55,866 shares of the financial services provider’s stock worth $272,000 after acquiring an additional 2,152 shares in the last quarter. Institutional investors own 28.88% of the company’s stock.

Global Self Storage Stock Performance

SELF opened at $5.16 on Tuesday. The firm’s fifty day moving average is $5.10 and its two-hundred day moving average is $5.03. Global Self Storage, Inc. has a twelve month low of $4.01 and a twelve month high of $5.85. The firm has a market cap of $58.15 million, a PE ratio of 19.11 and a beta of 0.26.

Global Self Storage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 17th were given a $0.072 dividend. This represents a $0.29 dividend on an annualized basis and a dividend yield of 5.58%. The ex-dividend date was Tuesday, September 17th. Global Self Storage’s dividend payout ratio is currently 107.41%.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners initiated coverage on Global Self Storage in a research report on Friday, October 18th. They issued a “buy” rating and a $6.50 price objective for the company.

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.