Global Self Storage, Inc. (NASDAQ:SELF) Shares Sold by Laffer Tengler Investments Inc.

Laffer Tengler Investments Inc. reduced its stake in shares of Global Self Storage, Inc. (NASDAQ:SELF) by 4.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 72,589 shares of the financial services provider’s stock after selling 3,000 shares during the quarter. Laffer Tengler Investments Inc.’s holdings in Global Self Storage were worth $378,000 as of its most recent filing with the Securities and Exchange Commission.

Separately, Northwest Capital Management Inc acquired a new position in shares of Global Self Storage in the third quarter valued at about $4,734,000. 28.88% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Global Self Storage Stock Up 1.2 %

Shares of NASDAQ:SELF traded up $0.06 during midday trading on Monday, reaching $5.16. The company’s stock had a trading volume of 2,693 shares, compared to its average volume of 35,795. The firm has a market capitalization of $58.15 million, a PE ratio of 18.89 and a beta of 0.26. The stock has a fifty day moving average of $5.10 and a 200 day moving average of $4.97. Global Self Storage, Inc. has a twelve month low of $4.01 and a twelve month high of $5.85.

Global Self Storage Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Tuesday, September 17th were paid a $0.072 dividend. The ex-dividend date was Tuesday, September 17th. This represents a $0.29 dividend on an annualized basis and a yield of 5.58%. Global Self Storage’s dividend 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.