Global Self Storage (NASDAQ:SELF) Stock Price Passes Below 50 Day Moving Average – What’s Next?

Shares of Global Self Storage, Inc. (NASDAQ:SELF) 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 trading hands.

Global Self Storage Stock Performance

The company has a market capitalization of $57.25 million, a PE ratio of 18.81 and a beta of 0.26. The company’s 50-day moving average is $5.14 and its 200 day moving average is $5.13.

Global Self Storage Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Monday, March 17th will be given a dividend of $0.0725 per share. This represents a $0.29 annualized dividend and a dividend yield of 5.71%. The ex-dividend date of this dividend is Monday, March 17th. Global Self Storage’s dividend payout ratio (DPR) is currently 107.41%.

Hedge Funds Weigh In On Global Self Storage

Several hedge funds and other institutional investors have recently added to or reduced their stakes in SELF. Raymond James Financial Inc. purchased a new position in shares of Global Self Storage in the fourth quarter worth $66,000. Bailard Inc. bought a new position in Global Self Storage during the 4th quarter valued at about $126,000. Baker Ellis Asset Management LLC boosted its holdings in shares of Global Self Storage by 20.0% during 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 acquiring an additional 4,000 shares during the last quarter. AlphaCentric Advisors LLC bought a new stake in shares of Global Self Storage in the fourth quarter worth approximately $270,000. Finally, Crossingbridge Advisors LLC purchased a new position in shares of Global Self Storage during the third quarter valued at approximately $526,000. 28.88% of the stock is owned by institutional investors.

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.