Global Self Storage (NASDAQ:SELF) Stock Price Passes Below 50-Day Moving Average of $4.56

Global Self Storage, Inc. (NASDAQ:SELFGet Free Report) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $4.56 and traded as low as $4.30. Global Self Storage shares last traded at $4.33, with a volume of 19,132 shares trading hands.

Analyst Upgrades and Downgrades

Separately, TheStreet cut shares of Global Self Storage from a “b-” rating to a “c” rating in a report on Friday, November 17th.

Read Our Latest Research Report on Global Self Storage

Global Self Storage Price Performance

The company has a market capitalization of $48.24 million, a price-to-earnings ratio of 21.65 and a beta of 0.21. The stock has a 50 day simple moving average of $4.56 and a two-hundred day simple moving average of $4.75.

Global Self Storage (NASDAQ:SELFGet Free Report) last released its quarterly earnings data on Monday, November 13th. The financial services provider reported $0.02 earnings per share for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.04). The company had revenue of $3.09 million for the quarter. Global Self Storage had a return on equity of 4.73% and a net margin of 18.60%.

Global Self Storage Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 28th. Shareholders of record on Friday, December 15th were paid a dividend of $0.072 per share. This represents a $0.29 annualized dividend and a yield of 6.65%. The ex-dividend date was Thursday, December 14th. Global Self Storage’s dividend payout ratio is presently 145.01%.

Insider Activity

In other news, CEO Mark Campbell Winmill acquired 7,200 shares of the stock in a transaction that occurred on Thursday, November 16th. The shares were purchased at an average cost of $4.83 per share, for a total transaction of $34,776.00. Following the transaction, the chief executive officer now directly owns 210,402 shares in the company, valued at approximately $1,016,241.66. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Global Self Storage news, CEO Mark Campbell Winmill bought 7,200 shares of the company’s stock in a transaction on Thursday, November 16th. The shares were bought at an average price of $4.83 per share, for a total transaction of $34,776.00. Following the transaction, the chief executive officer now owns 210,402 shares of the company’s stock, valued at approximately $1,016,241.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Corp Tuxis sold 7,500 shares of the company’s stock in a transaction on Wednesday, November 29th. The stock was sold at an average price of $4.62, for a total value of $34,650.00. Following the transaction, the insider now directly owns 291,978 shares in the company, valued at approximately $1,348,938.36. The disclosure for this sale can be found here. Corporate insiders own 7.01% of the company’s stock.

Hedge Funds Weigh In On Global Self Storage

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Balboa Wealth Partners raised its position in Global Self Storage by 48.5% during the third quarter. Balboa Wealth Partners now owns 16,259 shares of the financial services provider’s stock worth $79,000 after acquiring an additional 5,309 shares during the last quarter. Bank of Montreal Can purchased a new stake in Global Self Storage in the 2nd quarter valued at approximately $121,000. Meitav Investment House Ltd. acquired a new stake in Global Self Storage during the 2nd quarter valued at $960,000. O Shaughnessy Asset Management LLC increased its position in Global Self Storage by 10.5% during the first quarter. O Shaughnessy Asset Management LLC now owns 21,282 shares of the financial services provider’s stock worth $109,000 after buying an additional 2,026 shares in the last quarter. Finally, HighTower Advisors LLC acquired a new position in shares of Global Self Storage in the first quarter worth $102,000. 29.08% of the stock is owned by institutional investors and hedge funds.

About Global Self Storage

(Get Free Report)

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.

Further Reading

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