Institutional Investments Pivot Towards Global Self Storage

By Eric Manning, Ideo Storage

Victory Capital Management Inc. recently strengthened its position in Global Self Storage, Inc. (NASDAQ:SELF) by acquiring 17,139 shares during the fourth quarter, according to its latest 13F filing with the SEC. This acquisition, valued at approximately $79,000, brings Victory Capital's ownership stake to 0.15% of Global Self Storage as of the latest reporting period.

Victory Capital is not alone. Other significant investors have also taken positions in Global Self Storage. Kestra Private Wealth Services LLC entered the market in the third quarter with an investment worth approximately $156,000. Similarly, Financial Gravity Asset Management Inc. purchased shares valued around $343,000, and Towneley Capital Management Inc DE followed suit in the fourth quarter with a $200,000 investment. Collectively, hedge funds and institutional investors now own 28.88% of the public company’s stock.

Stock Price and Performance

Global Self Storage’s stock opened at $4.96 as of the latest trading session. The company’s 12-month range spans from a low of $4.01 to a high of $5.85. With a market capitalization of $55.85 million and a price-to-earnings ratio of 26.11, the stock's 50-day moving average is currently $4.52, while the 200-day moving average stands at $4.50.

Dividend Announcement

In addition to investor activity, Global Self Storage recently declared a quarterly dividend, paid on March 28th. Shareholders registered by March 15th received a dividend of $0.072 per share. This represents an annual dividend yield of 5.81% and a payout ratio of 152.64%.

Company Profile

Global Self Storage is a self-administered Real Estate Investment Trust (REIT) specializing in the ownership, operation, and management of self-storage properties. The company focuses on providing affordable, accessible, and secure storage spaces for both residential and commercial clients. For a detailed look at their latest 13F filings and insider trades, visit HoldingsChannel.com.

For further insights, see the full report on DefenseWorld.net.

🔒📚 Hi! I'm Eric Manning, a self-storage operations nerd and lifelong learner. 🗝️ My articles blend industry know-how with a dash of humor and wisdom. Whether you're a storage newbie or a pro, join me as we explore the world of storage, one witty insight at a time! 📦😊🔑