Global Self Storage (NASDAQ:SELF) Shares Cross Below 50 Day Moving Average – Time to Sell?

Global Self Storage, Inc. (NASDAQ:SELF) shares passed below its 50 day moving average during trading on Tuesday . The stock has a 50 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 traded.

Global Self Storage Stock Performance

The stock has a 50-day moving average of $5.13 and a 200 day moving average of $5.13. The firm has a market capitalization of $56.46 million, a P/E ratio of 18.56 and a beta of 0.26.

Global Self Storage (NASDAQ:SELF) last announced its earnings results on Wednesday, March 26th. The financial services provider reported $0.11 EPS for the quarter. Global Self Storage had a return on equity of 6.55% and a net margin of 25.47%. The company had revenue of $3.19 million for the quarter.

Global Self Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Monday, March 17th will be given a $0.0725 dividend. This represents a $0.29 annualized dividend and a yield of 5.79%. The ex-dividend date of this dividend is Monday, March 17th. Global Self Storage’s payout ratio is presently 107.41%.

Hedge Funds Weigh In On Global Self Storage

Large investors have recently modified their holdings of the stock. AlphaCentric Advisors LLC bought a new position in Global Self Storage in the 4th quarter worth approximately $270,000. Bailard Inc. bought a new position in Global Self Storage in the 4th quarter valued at $126,000. Baker Ellis Asset Management LLC increased its stake in shares of Global Self Storage by 20.0% in the 4th quarter. Baker Ellis Asset Management LLC now owns 24,000 shares of the financial services provider’s stock valued at $128,000 after buying an additional 4,000 shares during the period. Raymond James Financial Inc. bought a new stake in shares of Global Self Storage during the fourth quarter worth $66,000. Finally, Crossingbridge Advisors LLC lifted its stake in shares of Global Self Storage by 49.8% during the fourth quarter. Crossingbridge Advisors LLC now owns 151,325 shares of the financial services provider’s stock valued at $807,000 after acquiring an additional 50,295 shares during the period. 28.88% of the stock is currently owned by institutional investors and hedge funds.

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.