Bard Associates Inc. Reduces Stake in Global Self Storage, Inc. (NASDAQ:SELF)

Bard Associates Inc. lowered its holdings in Global Self Storage, Inc. (NASDAQ:SELF) by 0.9% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 658,984 shares of the financial services provider’s stock after selling 6,259 shares during the period. Global Self Storage makes up 1.2% of Bard Associates Inc.’s investment portfolio, making the stock its 24th largest position. Bard Associates Inc. owned about 5.85% of Global Self Storage worth $3,433,000 as of its most recent SEC filing.

Separately, Dimensional Fund Advisors LP grew its holdings 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 worth $272,000 after acquiring an additional 2,152 shares during the last quarter. Hedge funds and other institutional investors own 28.88% of the company’s stock.

Global Self Storage Stock Performance

SELF opened at $5.24 on Friday. The stock has a market capitalization of $59.05 million, a price-to-earnings ratio of 19.41 and a beta of 0.26. Global Self Storage, Inc. has a fifty-two week low of $4.01 and a fifty-two week high of $5.85. The company has a fifty day moving average of $5.09 and a 200 day moving average of $4.99.

Global Self Storage Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Tuesday, September 17th were issued a $0.072 dividend. This represents a $0.29 annualized dividend and a dividend yield of 5.50%. The ex-dividend date of this dividend was Tuesday, September 17th. Global Self Storage’s payout ratio is 107.41%.

Analyst Ratings Changes

Separately, Alliance Global Partners initiated coverage on shares of Global Self Storage in a research note on Friday, October 18th. They issued a “buy” rating and a $6.50 price target for the company.

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.