Geode Capital Management LLC Cuts Stock Holdings in Global Self Storage, Inc. (NASDAQ:SELF)

Geode Capital Management LLC reduced its stake in Global Self Storage, Inc. (NASDAQ:SELF) by 2.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 147,429 shares of the financial services provider’s stock after selling 3,297 shares during the period. Geode Capital Management LLC’s holdings in Global Self Storage were worth $768,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Northwest Capital Management Inc bought a new stake in shares of Global Self Storage in the third quarter worth about $4,734,000. Crossingbridge Advisors LLC bought a new position in Global Self Storage during the third quarter valued at approximately $526,000. Finally, Dimensional Fund Advisors LP grew its holdings in Global Self Storage by 4.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 55,866 shares of the financial services provider’s stock valued at $272,000 after buying an additional 2,152 shares in the last quarter. Hedge funds and other institutional investors own 28.88% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Alliance Global Partners began coverage on Global Self Storage in a report on Friday, October 18th. They set a “buy” rating and a $6.50 price objective on the stock.

Global Self Storage Stock Down 0.4 %

SELF stock opened at $5.05 on Friday. The company has a fifty day simple moving average of $5.16 and a two-hundred day simple moving average of $5.08. Global Self Storage, Inc. has a 52 week low of $4.01 and a 52 week high of $5.85. The firm has a market capitalization of $56.91 million, a P/E ratio of 18.70 and a beta of 0.24.

Global Self Storage Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 30th. Stockholders of record on Monday, December 16th were given a dividend of $0.0725 per share. The ex-dividend date was Monday, December 16th. This represents a $0.29 annualized dividend and a dividend yield of 5.74%. This is an increase from Global Self Storage’s previous quarterly dividend of $0.07. Global Self Storage’s payout ratio is currently 107.41%.

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.