Global Self Storage (NASDAQ:SELF) Stock Price Up 4% – What’s Next?

Global Self Storage, Inc. (NASDAQ:SELF)’s stock price was up 4% on Tuesday . The company traded as high as $5.18 and last traded at $5.15. Approximately 98,121 shares changed hands during mid-day trading, an increase of 121% from the average daily volume of 44,357 shares. The stock had previously closed at $4.95.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Global Self Storage in a research report on Monday. One analyst has rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of “Hold”.

Global Self Storage Trading Up 4.0%

The firm has a market cap of $58.40 million, a PE ratio of 32.19 and a beta of 0.01. The company has a 50-day simple moving average of $5.03 and a 200 day simple moving average of $5.17.

Global Self Storage (NASDAQ:SELF) last posted its earnings results on Friday, November 7th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter. Global Self Storage had a net margin of 14.13% and a return on equity of 3.81%. The firm had revenue of $3.23 million during the quarter.

Global Self Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 30th. Shareholders of record on Monday, December 15th will be given a $0.0725 dividend. The ex-dividend date is Monday, December 15th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 5.6%. Global Self Storage’s dividend payout ratio is 181.25%.

Hedge Funds Weigh In On Global Self Storage

Several institutional investors and hedge funds have recently modified their holdings of the business. Baker Ellis Asset Management LLC grew its holdings in shares of Global Self Storage by 17.9% during the second quarter. Baker Ellis Asset Management LLC now owns 33,000 shares of the financial services provider’s stock worth $176,000 after buying an additional 5,000 shares in the last quarter. PFG Investments LLC grew its stake in Global Self Storage by 48.5% during the 2nd quarter. PFG Investments LLC now owns 30,224 shares of the financial services provider’s stock valued at $161,000 after acquiring an additional 9,869 shares in the last quarter. Ritholtz Wealth Management grew its stake in Global Self Storage by 103.4% during the 2nd quarter. Ritholtz Wealth Management now owns 21,852 shares of the financial services provider’s stock valued at $117,000 after acquiring an additional 11,109 shares in the last quarter. Winmill & CO. Inc. raised its holdings in Global Self Storage by 4.2% in the 2nd quarter. Winmill & CO. Inc. now owns 479,042 shares of the financial services provider’s stock valued at $2,558,000 after acquiring an additional 19,280 shares during the last quarter. Finally, Laffer Tengler Investments Inc. purchased a new position in Global Self Storage in the 2nd quarter worth approximately $388,000. Hedge funds and other institutional investors own 28.88% of the company’s stock.

About Global Self Storage

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.