Short Interest in Global Self Storage, Inc. (NASDAQ:SELF) Expands By 26.2%

Global Self Storage, Inc. (NASDAQ:SELF) was the recipient of a large increase in short interest during the month of April. As of April 15th, there was short interest totaling 17,567 shares, an increase of 26.2% from the March 31st total of 13,925 shares. Based on an average daily volume of 33,331 shares, the days-to-cover ratio is currently 0.5 days. Currently, 0.2% of the shares of the company are short sold.

Hedge Funds Weigh In On Global Self Storage

A number of institutional investors and hedge funds have recently made changes to their positions in SELF. Cetera Investment Advisers grew its stake in shares of Global Self Storage by 158.3% during the 2nd quarter. Cetera Investment Advisers now owns 45,552 shares of the financial services provider’s stock worth $243,000 after purchasing an additional 27,914 shares during the period. Raymond James Financial Inc. grew its stake in Global Self Storage by 20.4% in the 2nd quarter. Raymond James Financial Inc. now owns 18,758 shares of the financial services provider’s stock valued at $100,000 after acquiring an additional 3,179 shares during the last quarter. James Investment Research Inc. grew its stake in Global Self Storage by 54.5% in the 3rd quarter. James Investment Research Inc. now owns 24,100 shares of the financial services provider’s stock valued at $121,000 after acquiring an additional 8,500 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Global Self Storage by 3.4% in the 3rd quarter. Dimensional Fund Advisors LP now owns 61,131 shares of the financial services provider’s stock valued at $307,000 after acquiring an additional 2,032 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in Global Self Storage in the 3rd quarter valued at about $54,000. 28.88% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Global Self Storage in a research report on Friday, March 27th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of “Hold”.

Global Self Storage Stock Performance

Global Self Storage stock traded down $0.04 during trading hours on Friday, reaching $5.56. 26,207 shares of the stock were exchanged, compared to its average volume of 33,403. The stock has a market cap of $63.05 million, a P/E ratio of 30.89 and a beta of -0.03. Global Self Storage has a 52-week low of $4.73 and a 52-week high of $5.89. The firm’s 50 day moving average is $5.19 and its 200 day moving average is $5.09.

Global Self Storage (NASDAQ:SELF) last announced its quarterly earnings data on Thursday, March 26th. The financial services provider reported $0.03 EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.03). Global Self Storage had a return on equity of 4.34% and a net margin of 16.04%.The firm had revenue of $3.16 million for the quarter, compared to analysts’ expectations of $3.13 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 5.2%. Global Self Storage’s dividend payout ratio is 161.11%.

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.