Global Self Storage, Inc. (NASDAQ:SELF) Short Interest Update

Global Self Storage, Inc. (NASDAQ:SELF - Get Free Report) was the recipient of a large drop in short interest in the month of May. As of May 15th, there was short interest totalling 33,200 shares, a drop of 32.4% from the April 30th total of 49,100 shares. Approximately 0.3% of the shares of the stock are short sold. Based on an average daily volume of 30,500 shares, the short-interest ratio is presently 1.1 days.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen raised shares of Global Self Storage from a "hold" rating to a "buy" rating in a research note on Sunday.

Insider Buying and Selling at Global Self Storage

In related news, CEO Mark Campbell Winmill acquired 10,000 shares of the company's stock in a transaction dated Monday, May 19th. The stock was bought at an average cost of $5.67 per share, with a total value of $56,700.00. Following the acquisition, the chief executive officer now owns 322,838 shares of the company's stock, valued at approximately $1,830,491.46. The trade was a 3.20% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 7.97% of the company's stock.

Hedge Funds Weigh In On Global Self Storage

Several institutional investors have recently bought and sold shares of SELF. Financial Gravity Asset Management Inc. purchased a new position in Global Self Storage in the 1st quarter worth about $32,000. Raymond James Financial Inc. bought a new stake in shares of Global Self Storage in the 4th quarter valued at about $66,000. PFG Investments LLC bought a new stake in shares of Global Self Storage in the 1st quarter valued at about $103,000. Bailard Inc. bought a new stake in shares of Global Self Storage in the 4th quarter valued at about $126,000. Finally, Ethos Financial Group LLC bought a new stake in shares of Global Self Storage in the 1st quarter valued at about $129,000. Institutional investors own 28.88% of the company's stock.

Global Self Storage Stock Performance

SELF stock remained flat at $5.72 during midday trading on Thursday. 7,375 shares of the company's stock were exchanged, compared to its average volume of 21,508. Global Self Storage has a twelve month low of $4.60 and a twelve month high of $5.89. The company has a market cap of $64.85 million, a PE ratio of 21.19 and a beta of 0.03. The stock's 50-day moving average is $5.25 and its 200-day moving average is $5.18.

Global Self Storage (NASDAQ:SELF - Get Free Report) last announced its quarterly earnings data on Friday, May 9th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter. The firm had revenue of $3.13 million during the quarter. Global Self Storage had a net margin of 25.47% and a return on equity of 6.55%.

Global Self Storage Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be given a dividend of $0.0725 per share. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.29 annualized dividend and a yield of 5.07%. Global Self Storage's dividend payout ratio (DPR) is currently 138.10%.

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.