Raymond James Financial Inc. Invests $66,000 in Global Self Storage, Inc. (NASDAQ:SELF)

Raymond James Financial Inc. purchased a new stake in Global Self Storage, Inc. (NASDAQ:SELF) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 12,306 shares of the financial services provider’s stock, valued at approximately $66,000. Raymond James Financial Inc. owned approximately 0.11% of Global Self Storage as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. AlphaCentric Advisors LLC purchased a new position in Global Self Storage in the fourth quarter valued at about $270,000. Bailard Inc. acquired a new stake in shares of Global Self Storage in the 4th quarter worth approximately $126,000. Winmill & CO. Inc. grew its holdings in shares of Global Self Storage by 8.3% in the 4th quarter. Winmill & CO. Inc. now owns 459,762 shares of the financial services provider’s stock worth $2,451,000 after acquiring an additional 35,096 shares during the period. Finally, Baker Ellis Asset Management LLC increased its stake in Global Self Storage by 20.0% in 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 purchasing an additional 4,000 shares in the last quarter. Institutional investors and hedge funds own 28.88% of the company’s stock.

Global Self Storage Stock Performance

SELF opened at $5.01 on Thursday. The company has a market cap of $56.81 million, a price-to-earnings ratio of 18.56 and a beta of 0.03. Global Self Storage, Inc. has a one year low of $4.60 and a one year high of $5.89. The business’s fifty day moving average is $5.09 and its two-hundred day moving average is $5.13.

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

Global Self Storage Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Monday, March 17th were issued a $0.0725 dividend. This represents a $0.29 annualized dividend and a dividend yield of 5.79%. The ex-dividend date of this dividend was Monday, March 17th. Global Self Storage’s dividend payout ratio (DPR) is presently 138.10%.

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.