Global Self Storage (NASDAQ:SELF) Shares Pass Below 50 Day Moving Average of $5.10

Global Self Storage, Inc. (NASDAQ:SELF) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of $5.10 and traded as low as $5.01. Global Self Storage shares last traded at $5.07, with a volume of 10,544 shares changing hands.

Global Self Storage Price Performance

The stock has a market cap of $57.14 million, a price-to-earnings ratio of 26.69 and a beta of 0.25. The firm’s fifty day moving average price is $5.10 and its two-hundred day moving average price is $4.80.

Global Self Storage Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Tuesday, September 17th will be issued a $0.072 dividend. The ex-dividend date is Tuesday, September 17th. This represents a $0.29 annualized dividend and a yield of 5.68%. Global Self Storage’s payout ratio is currently 152.64%.

Hedge Funds Weigh In On Global Self Storage

A number of institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. acquired a new stake in Global Self Storage in the 4th quarter valued at $79,000. Core Wealth Partners LLC bought a new stake in shares of Global Self Storage during the first quarter worth about $44,000. Creekmur Asset Management LLC acquired a new stake in shares of Global Self Storage in the 4th quarter worth about $42,000. Finally, Dimensional Fund Advisors LP lifted its position in Global Self Storage by 4.0% in the 2nd quarter. Dimensional Fund Advisors LP now owns 55,866 shares of the financial services provider’s stock valued at $272,000 after acquiring an additional 2,152 shares in the last quarter. 28.88% of the stock is owned by institutional investors and hedge funds.

About Global Self Storage

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.