BenzingaT3·4mo ago
NSA National Storage Affiliates Trust
XNYS
43.40
Delayed
Stock quote, options chain, IV rank, technicals, AI analysis, and institutional ownership. Iron condor setups Expected move IV rank history Fibonacci levels Insider trading
Market data may be delayed, incomplete, or inaccurate. Not a recommendation to buy, sell, or hold any security. Verify quotes with your broker before trading. See Terms §17.
NSA
$43.40
—
Key stats
$43.40
- 52-Week Range
- $27.43 – $46.47
- YTD
- +55.61%
- IV Rank (30D)
- 44.03
- Straddle Price
- $3.85
- P/C Vol Ratio
- 3.50
- Market Cap
- $3.4B
- Open
- $44.20
- Day Range
- $43.02 – $44.24
- Volume
- 25,654,061
- Prev Close
- $44.18
Fair Value
MODEL: NEUTRAL
A blended fair-value estimate combining up to six valuation methods. Each method is weighted by how well it fits the company — DCF down-weights for unprofitable names; DDM only fires for steady dividend payers; comparables down-weight when peer multiples disagree.
- DCF (quality-aware) — projects free cash flow with a horizon that scales to business quality. True compounders (quality 6/6) get 10 years explicit + 10 years fade before terminal; cyclical/struggling names (quality 0-1) get a 5-year terminal cliff. Quality is scored from ROE, gross margin, growth, FCF margin, debt load, and FCF consistency — the same factors that drive market premium for compounders.
- Market-Implied Growth (in Model Inputs) — reverse-DCF that answers "what growth rate is the market pricing in?". Lets you sanity-check the deviation: if implied growth is plausible for the business, the model's bearish flag may be wrong; if implausible, the market may be over-extrapolating.
- DDM (Gordon Growth Dividend Model) — values the stream of future dividends. Only used when trailing yield ≥ 2% and dividend payments are stable — below that the dividend is a token payout and Gordon (which values only the dividend stream) systematically underprices growth names, so those route to DCF + comparables + market anchor instead.
- P/E, EV/EBITDA, P/B, P/S — applies the peer-group median multiple to this company's per-share metric. Peers come from the same set as the "Related symbols" card. Earnings/sales metrics are forward-tilted by the company's recent revenue growth (capped at 25%) so they're comparable to peers' growth-embedded multiples — mimics how analysts use NTM rather than TTM. Per-multiple weights are biased by company quality (e.g. P/B down-weighted for asset-light tech).
- Market Anchor (SMA50) — the 50-day moving average, weighted by recent trading-range stability (tighter Bollinger bands → higher weight). Captures information fundamentals miss (forward consensus, sentiment, supply/demand) — but only when recent trading is steady enough that the market has converged on a view. During wild breakouts or breakdowns the anchor's weight collapses.
- Options Expected (B-L 30d) — the risk-neutral expected stock price at 30-day options expiration, derived from the full implied-volatility surface via Breeden-Litzenberger (second derivative of call price wrt strike → implied PDF, then E[S_T]). Forward-looking, captures all options-implied information (smile, skew, term structure) in one number. Weighted by chain liquidity. SP500-only at present (pre-computed daily). Backtest evidence: adds modest alpha across most bucket × holding combos.
- Blended value — weighted average. Confidence reflects how many methods fired and how tight peer dispersion is.
- Deviation pill — green when blended FV ≥ 10% above current price (undervalued); red when ≥ 10% below; grey otherwise.
| 10-yr Treasury (rf) | 4.55% |
| Beta vs SPY | 1.00 |
| Cost of Equity (CAPM) | 10.05% (VRP-adj) |
| WACC | 10.04% |
| Volatility Risk Premium | +19.9pp (IV − HV30), ERP adj +50bps |
| Effective Tax Rate | 1.9% |
| Rev. Growth (YoY, DCF input) | -1.8% |
| DCF Horizon | 12 years explicit + fade |
| Free Cash Flow (TTM) | $0.3B |
| Return on Equity (TTM) | 6.4% |
| Book / Price | 44.3% — banking bias active (P/B is primary) |
| Gross Margin (TTM) | 71.4% |
| FCF Margin (TTM) | 36.6% |
| Debt / Equity | 0.00 |
| Quality Score | 4/6 — high quality (12y DCF) |
| Market-Implied Growth | +0.5% (reverse-DCF on current price) |
| SMA 50 | $43.95 (Market Anchor value) |
| SMA 20 / Bollinger Mid | $44.88 |
| Bollinger Width / SMA20 | 12.2% (drives anchor stability) |
| Net Debt | $-0.0B |
| Market Cap | $3B |
Peers used for multiples: CCI, DLR, ESS, EXR, PLD, PSA, UDR, WELL
60-Day Conviction
12%
20-Day Fair Value
≈ by Aug 20, 2026
$45.19
α +4.1%
rank 4%
conviction
64%
40-Day Fair Value
≈ by Sep 18, 2026
$44.49
α +2.5%
rank 7%
conviction
35%
60-Day Fair Value
≈ by Oct 19, 2026
$44.03
α +1.4%
rank 7%
conviction
12%
| Method | Implied Price | Weight | Detail |
|---|---|---|---|
| DCF | $37.60 | 21% | |
| DDM (Gordon) | $18.85 | 17% | |
| Peer P/E | $24.75 | 6% | median 33.0× · 8 peers |
| Peer EV/EBITDA | $132.29 | 6% | median 21.3× · 8 peers |
| Peer P/B | $66.70 | 6% | median 3.5× · 7 peers |
| Peer P/S | $98.61 | 6% | median 10.1× · 8 peers |
| Market Anchor (SMA50) | $43.95 | 37% | stability 89% (BB-width) |
| Options Expected (B-L 30d) | n/a | 0% |
As of 2026-07-22 · updated
Related
About
- Industry (SIC)
- REAL ESTATE INVESTMENT TRUSTS (6798) · industry map
- Exchange
- XNYS
- Market Cap
- $3.4B
- Employees
- 1,458
- List Date
- 2015-04-23
- CIK
- 0001618563
- Headquarters
- Greenwood Village, CO
- Homepage
- https://ir.nsastorage.com
National Storage Affiliates Trust Trust is a real estate investment trust. The company owns, operates, and acquires self-storage properties located within the metropolitan statistical areas throughout the United States. With the help of property management platform, the company manages and controls the day-to-day operations and affairs of consolidated properties and unconsolidated real estate ventures under the iStorage, SecurCare, RightSpace, Northwest and Move It brands.
Summary
—
composite
—
No summary data available for this symbol yet.
Each spoke is this symbol's rank within its sector (0–100; the dotted ring marks the sector median at 50). Higher is more constructive for a long. One spoke — News sentiment — is an absolute reading, not a sector rank. Grayed spokes have no data. A fuller shape is a summary, not a recommendation.
Chart
Seasonality
Insufficient price history — listed 4195 days ago. Seasonality patterns need at least one full year of data.
Technical Indicators
Quick-reference for reading the values below. Indicators combine to confirm a view — no single one is a trade signal on its own.
Trend Indicators
- SMA 20 / 50 / 200 — price above = uptrend, below = downtrend. SMA 50 crossing SMA 200 is the golden/death cross.
- EMA 12 / 26 — faster-reacting averages; 12 above 26 is short-term bullish.
- MACD — bullish when MACD > signal (green badge), bearish when below. Divergence from price often precedes reversals.
- ADX (14) — trend strength regardless of direction. <20 range, 20–25 weak trend, 25–50 trend, >50 strong trend.
- +DI / −DI — +DI > −DI favors bulls; the reverse favors bears. Read alongside ADX.
Momentum Oscillators
- RSI (14) — <30 oversold, >70 overbought. 40–60 is neutral; trending names can stay extreme.
- Stochastic %K / %D — <20 oversold, >80 overbought. %K crossing %D is an early momentum signal.
- Williams %R — inverted scale: <−80 oversold, >−20 overbought.
Oscillators work best in range-bound markets; in strong trends they give premature reversal signals.
Volume & Volatility
- Bollinger Bands — price at upper band = overbought, lower = oversold. Narrow bands (squeeze) often precede expansion.
- OBV — cumulative volume; rising OBV confirms uptrend, falling OBV confirms downtrend. Divergence from price is a warning.
- Vol SMA 20 / Vol ROC — today's volume vs. 20-day average. Positive ROC with price move = conviction.
- ATR / True Range — average daily $ move; sizing and stop-loss reference.
- HV 20 / 30 / 60 — realized (historical) volatility. Compare to IV on the options cards: IV > HV = rich premium.
Confluence matters: trend + momentum + volume agreeing carries far more weight than any single indicator. For how these feed the spread scanner score, see the algorithm docs →
Trend Indicators
SMA 20: $44.88
SMA 50: $43.95
SMA 200: $36.11
Current: $43.41
EMA 12: $44.55
EMA 26: $44.50
MACD: 0.0423 | Signal: -0.2346
BULLISH
ADX (14): 12.68
RANGE
+DI: 20.06
−DI: 25.03
Momentum Oscillators
RSI (14): 43.13
NEUTRAL
Stoch %K: 16.83
Stoch %D: 28.04
Williams %R: -87.96
Volume & Volatility
BB Upper: $46.11
BB Lower: $43.65
OVERSOLD
OBV: -24,862,397
Vol SMA 20: 2,319,445
Vol ROC: 4347.26%
ATR: $1.06
True Range: $1.22
HV 20: 24.4%
HV 30: 25.0%
HV 60: 25.1%
Data Summary
Data Points: 500
Last Updated:
Date Range: 2024-07-23T00:00:00 – 2026-07-21T00:00:00
AI Analysis
Here is my comprehensive stock analysis report for NSA:
Executive Summary
Overall Assessment: NEUTRAL (Confidence Level: 6/10)
Key Drivers: Technical support from moving averages, oversold Bollinger Bands, and positive options market sentiment.
Primary Risks: Negative news headlines, potential breakdown below $43.65, and high volatility.
Investment Thesis:
NSA's recent price decline has led to oversold conditions, creating a buying opportunity. The stock is expected to recover as it approaches its moving averages. However, the risk of a breakdown remains if negative news headlines continue to dominate the market.
Recent News Sentiment Impact: Neutral-to-negative sentiment from recent news headlines may weigh on the stock's performance in the short term.
Technical Analysis
Trend Direction:
- Short-term (1-4 weeks): Bearish due to price below SMA 20 and SMA 50.
- Medium-term (1-3 months): Neutral with mixed signals from moving averages and oscillators.
- Long-term (3-12 months): Bullish due to rising trend from SMA 200.
Support/Resistance Levels:
- Key support at $43.65, with next level at $42.11.
- Resistance lies at $44.88, followed by $46.11.
Momentum Signals:
- RSI interpretation: Neutral at 43.13 (not overbought or oversold).
- MACD signal: Bullish crossover above signal line.
- Bollinger Bands position: Oversold with price touching lower band.
Volume Analysis:
- Volume SMA 20 shows a decline, indicating decreasing trading interest.
- On-Balance Volume (OBV) is negative, suggesting selling pressure.
- Volume Rate of Change indicates increasing volume, but not enough to support the stock's price.
News & Sentiment Analysis
Recent Headlines Summary: Mixed sentiment with positive and negative headlines, including a recent merger announcement.
Sentiment Assessment: Neutral-to-negative sentiment due to negative news headlines.
Catalyst Identification: The merger announcement is an upcoming catalyst that may impact the stock's performance.
Market Narrative: Recent news headlines contradict the technical signals, which suggests caution in the short term.
Risk & Volatility Assessment
Beta Interpretation: Low volatility with beta below 1.0 (0.69 vs SPY).
Volatility Regime: Current volatility is low compared to historical levels.
Options Market Signals:
- IV Rank: 14.7% (Low) indicates historically low volatility.
- Current IV: 54.5% suggests some uncertainty around the stock's price.
- Expected Move: $0.00 (35 DTE), indicating a stable market expectation.
Downside Protection: Support levels at $43.65 and $42.11 provide some protection against further declines.
Market Context & Positioning
Sector Performance: NSA's performance is relatively strong compared to the self-storage sector.
Institutional Activity: Decreasing trading interest suggests institutional investors may be hesitant to participate in the stock's recovery.
Correlation Analysis: NSA's correlation with the market is low (0.22), indicating limited risk.
Relative Valuation: The stock is positioned within its 52-week range, suggesting a potential buying opportunity.
Key Levels & Action Items
Critical Price Levels:
- Support at $43.65 and $42.11.
- Resistance at $44.88 and $46.11.
Breakout/Breakdown Levels:
- Breakout above $44.88 could lead to further gains.
- Breakdown below $42.11 may indicate a deeper decline.
Time-Sensitive Catalysts: The upcoming merger announcement is a key catalyst that may impact the stock's performance.
Risk Management:
- Stop-loss levels at $42.11 and $40.67.
- Position sizing considerations based on risk tolerance.
Please note that this analysis is based on the provided data, and actual market conditions may differ.
Generated
News
All NSA news →
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Showing 1–10 of 50
Page 1 of 5
Earnings History
16 of 18 under expected move
Avg Expected Move
7.36%
Avg Actual Move
2.06%
| Earnings Date | Timing | Expected Move | Actual Move | Ratio | Outcome |
|---|---|---|---|---|---|
| 2021-08-03 | After-Close | 2.00% | 0.18% | 0.09x | Within |
| 2021-11-02 | After-Close | 5.07% | 2.29% | 0.45x | Within |
| 2022-02-22 | After-Close | 6.59% | 1.37% | 0.21x | Within |
| 2022-11-02 | After-Close | 9.42% | 4.51% | 0.48x | Within |
| 2023-02-27 | After-Close | 2.45% | 2.67% | 1.09x | Exceeded |
| 2023-05-01 | After-Close | 2.25% | 3.72% | 1.65x | Exceeded |
| 2023-08-07 | After-Close | 7.07% | 2.73% | 0.39x | Within |
| 2023-11-01 | After-Close | 8.50% | 3.53% | 0.42x | Within |
| 2024-02-28 | After-Close | 6.62% | 0.82% | 0.12x | Within |
| 2024-05-01 | After-Close | 5.85% | 0.45% | 0.08x | Within |
| 2024-08-05 | After-Close | 10.50% | 0.17% | 0.02x | Within |
| 2024-10-30 | After-Close | 9.83% | 0.75% | 0.08x | Within |
| 2025-02-26 | After-Close | 11.12% | 2.01% | 0.18x | Within |
| 2025-05-05 | After-Close | 9.33% | 4.76% | 0.51x | Within |
| 2025-08-04 | After-Close | 8.41% | 2.89% | 0.34x | Within |
| 2025-11-03 | Pre-Market | 8.42% | 0.07% | 0.01x | Within |
| 2026-02-25 | Pre-Market | 9.90% | 0.69% | 0.07x | Within |
| 2026-05-05 | After-Close | 9.07% | 3.48% | 0.38x | Within |
Earnings calendar: this week’s reports with expected vs actual moves →
NSA Options Activity & IV Rank
NSA IV rank history, 52-week IV rank and IV percentile →
Volatility Metrics
Current IV: 34.5%
7-DTE IV: —
Expected Move: $3.85
7-DTE Move: $3.85
Days to Exp: 31 (2026-08-21)
Options Flow
Call Volume: 2
Put Volume: 7
P/C Volume: 3.5
BEARISH
Call OI: 11
Put OI: 34
P/C OI: 3.091
Total OI: 45
ATM Options Pricing
ATM Call: $1.25
ATM Put: $2.60
Call %: 2.9%
Put %: 6.0%
Chain Summary
Chain Volume: 78
Chain OI: 1,134
Last Updated: 7/21/2026
Spread Scanner GPU
Each spread is ranked by a composite score built in three stages. Full documentation →
Stage 1 — Base Score (GPU scanner)
score = P(profit) × (credit / spread_width)
P(profit) from short leg delta (1 − |delta|), penalised above 85%. Credit uses mid-price to handle illiquid chains fairly.
Stage 2 — Skew Adjustment (±25% cap)
RR and BF (30-delta) from the persisted per-symbol skew snapshot — wing strikes picked by real greeks.delta, not a moneyness proxy. Put skew boosts bull puts, penalises bear calls. High butterfly boosts iron condors. Calendars are skew-neutral.
Stage 3 — Technical Overlay (±50% cap, 5 groups)
Group 1 · Directional Bias (±0.25)
- RSI <40 bullish / >60 bearish
- MACD crossover + histogram trend
- Price vs SMA 50 & SMA 200
Group 2 · Momentum (±0.10)
- Stochastic %K <20 / >80
- Williams %R <−80 / >−20
Group 3 · Volatility (up to −0.25 / +0.15)
- Blended ATR + straddle expected-move penalty
- Bollinger Band signal (+ counter-trend penalty)
- BB width — vol contraction boost for ICs
Group 4 · IV Regime (±0.15)
- IV rank ≥ 75 → strong boost for credit spreads
- IV rank < 25 → penalty (selling cheap vol)
Group 5 · Liquidity (penalty up to −0.10)
- Min open interest across all legs
- OI < 100 → −0.10 · OI < 500 → −0.05
score = base_score × skew_multiplier × tech_multiplier
Both multipliers are shown per spread. Beta is informational only — ATR already captures realized vol. Full algorithm documentation →
Enter a ticker to scan for optimal spread opportunities.
Evaluates all bull put, bear call, iron condor, and calendar spread combinations using GPU-accelerated analysis.
Dealer Positioning
TYPICAL γ
Estimated net dealer gamma is at the 62nd percentile of this name's own daily history, within its typical range. This describes current positioning; it is not a forecast or a trading signal.
Gamma percentile
62%
vs own history
GEX tilt
+0.39
OI-weighted, today
Vanna tilt
-0.38
δ-sensitivity to IV
Charm tilt
+0.27
δ-decay vs time
Vanna tilt -0.38: the estimated dealer exposure leans negative, so the modeled hedge would shift noticeably if implied volatility changed.
? What is this?
· 4 ATM contracts, 1k total OI
Net dealer gamma is an estimate of the aggregate gamma held by options market makers across this name's option chain, weighted by open interest. Dealer positions aren't public, so it uses a standard simplifying assumption: dealers are treated as long the calls and short the puts that are open. Actual dealer books can differ.
Gamma percentile ranks today's estimate against this name's own daily history, from 0% (the lowest reading on record) to 100% (the highest). Raw gamma scales with how much open interest a chain carries, so it isn't comparable across names; the percentile is. The badge marks the bottom 20% as low and the top 20% as high.
Tilts run from −1 to +1 and show how lopsided the estimated dealer exposure is. GEX tilt compares call gamma with put gamma. Vanna tilt describes how the hedge would shift if implied volatility changed, and charm tilt how it would shift with the passage of time.
This card describes estimated positioning and where it sits historically. It is not a forecast of price direction or volatility and not a trading signal. Market-wide view: Dealer positioning screener.
Skew (Wing IV − ATM IV)
DTE:
Wing Δ:
Wing vs ATM
IV(put wing) − IV(ATM), in vol pointsHow much the OTM put trades above (or below) the at-the-money strike. Measures the height of the put-side tail relative to ATM — i.e. how expensive crash insurance is on this name.
- Positive (typical) — wing IV > ATM IV. Standard equity put skew: portfolios bid up crash protection, so OTM puts trade richer than ATM.
- Near zero or negative (unusual) — wing IV ≤ ATM IV. Flat or inverted put side. Common when there's no fear demand, in tightly mean-reverting names, or right after an earnings catalyst clears.
- Percentile vs own 3-yr history: high = wings rich (good time to sell wing premium); low = wings cheap (good time to buy protection).
- Not directional — high or low wings don't predict up or down moves. It's a price tag on tail insurance, not a forecast.
Risk Reversal
IV(call wing) − IV(put wing), equal delta on each sideWhich side of the smile is the market paying up for? Measures the tilt of the surface — call skew vs put skew at matched deltas.
- Negative (typical) — puts richer than calls. Standard equity behavior: hedging demand makes puts carry a premium. Most large-caps sit in the −1 to −5 vol-point range.
- Strongly negative (< −5 pts) — heavy downside hedging, elevated fear, or an upcoming catalyst (earnings, FDA, macro event). Worth flagging.
- Positive — calls richer than puts. Unusual for equities; signals bullish momentum, short-squeeze positioning, or takeover/M&A speculation.
- Near zero — symmetric surface. Market sees roughly equal up/down risk. Rare for large-caps; more common in commodities and FX.
Reading them together
Wing-vs-ATM tells you how expensive the tails are. Risk Reversal tells you which side is favored. Combined:
- High wing percentile + deeply negative RR → strong put bid; stress or major event priced in. Owning protection costs a premium; selling put premium is dangerous.
- Low wing percentile + near-zero RR → complacency; insurance cheap and balanced. Good environment to add cheap downside hedges.
- Positive RR + elevated wings → call-side fear-of-missing-out; common in squeeze setups. Upside calls expensive, downside puts not bid.
14 DTE / 10d
—
—
pts
EXTREME
as of Aug 10 · No data
30 DTE / 10d
—
—
pts
EXTREME
as of Aug 10 · No data
Extreme reading.
Historically these have been contrarian — on the small set of observed earnings-day cases, large negative wing-vs-ATM gaps (calls pricing much richer than puts at the same delta) preceded sharp drops in the underlying within 1-12 days. Not financial advice and the dataset is small.
Percentile is the rank of today's reading within ~3 years of this symbol's own history. High percentile = wings are rich relative to history; not a directional signal. Skew is read off the chain in real time, not from CBOE SKEW.
Volatility Surface
Enter a ticker to render the implied volatility surface.
Volatility Smile
Enter a ticker to render the implied volatility smile.
IV Rank (7 DTE)
IV Rank (30 DTE)44.0MediumJul 21
Straddle Price (30 DTE)$3.85Jul 21
Beta Analysis
Insufficient price history — listed 4195 days ago. Beta and correlation vs SPY require ~1 year of daily returns to be statistically meaningful.
Notable investors who own NSA
5 of 37 tracked investors
| Investor | Value | Share of their portfolio | Rank | Q/Q shares | Source |
|---|---|---|---|---|---|
| Millennium Management Hedge fund Izzy Englander | $46.3M | #660 of 3716 | +45.1% | 13F | |
| Citadel Hedge fund Ken Griffin | $39.0M | #803 of 6285 | -14.9% | 13F | |
| Bridgewater Associates Hedge fund Ray Dalio | $2.8M | #620 of 997 | new | 13F | |
| Rockefeller Capital Management Family office Rockefeller family | $743K | #1878 of 4729 | +8.0% | 13F | |
| Renaissance Technologies Hedge fund Jim Simons | $703K | #2467 of 3138 | new | 13F |
Hedge funds, activists, holding companies and family offices we track, from their latest 13F (quarter-end value) and Form 4 filings in the last 3 years. Family offices · all institutions
NSA Institutional Ownership (13F)
Latest filings — 2026-06-30
? 13F Guide
Diluted shares outstanding: 76,737,750 (as of 2026-03-31)
Institutional managers with $100M+ AUM file Form 13F-HR quarterly, due 45 days after quarter end. Holdings are reported gross at quarter-end market value — they are a snapshot, not a real-time position.
- Shares — long equity positions in this name, aggregated across share classes.
- Calls / Puts — notional value of long call / put exposure where this ticker is the underlying.
- % of Float — holder's reported shares divided by the latest diluted shares outstanding. Sums above 100% indicate large custodian / prime broker positions where the same shares are reported by multiple filers.
- Custodian badge — filers with more than 5,000 holdings are typically broker-dealers / custodians reporting customer-held shares, not active managers.
Each filer is counted once at its latest 13F-HR filing. New filings are ingested on a weekly cadence.
3 filers$3.88M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $3.27M | 84.29% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $409.12K | 10.55% | 2026-06-30 |
| 3 | Belvedere Trading LLC | $200.12K | 5.16% | 2026-06-30 |
3 filers$2.18M notional
| # | Filer | Notional Value | % of Total | Period |
|---|---|---|---|---|
| 1 | Susquehanna International Group, LLP Custodian | $1.69M | 77.35% | 2026-06-30 |
| 2 | Citadel Advisors LLC Custodian | $418.02K | 19.18% | 2026-06-30 |
| 3 | Belvedere Trading LLC | $75.60K | 3.47% | 2026-06-30 |
NSA Insider Trading (Form 4)
Latest: 2026-07-22Form 4 filings — insider beneficial-ownership changes by officers, directors, and 10%+ holders. Filed within 2 business days of transaction.
| Filed | Reporter | Role | Action | Shares | Avg Price | Net $ | Link |
|---|---|---|---|---|---|---|---|
| 2026-07-22 | Lisa R Cohn | Director | Disp (D) | −4,703 | — | EDGAR | |
| 2026-07-22 | Charles F Wu | Director | Disp (D) | −4,703 | — | EDGAR | |
| 2026-07-22 | Dominic M Palazzo | Director | Disp (D) | −5,056 | — | EDGAR | |
| 2026-07-22 | William S. Cowan Jr. | Chief Strategy Officer | Mixed | — | — | EDGAR | |
| 2026-07-22 | Michael J Schall | Director | Disp (D) | −11,291 | — | EDGAR | |
| 2026-07-22 | Tamara D Fischer | Executive Chairperson | Mixed | −19,500 | — | EDGAR | |
| 2026-07-22 | Steven G Osgood | Director | Disp (D) | −5,232 | — | EDGAR | |
| 2026-07-22 | Chad LeRoy Meisinger | Director | Disp (D) | −118,858 | — | EDGAR | |
| 2026-07-22 | Arlen Dale Nordhagen | Vice Chairperson | Mixed | −3,990,885 | — | EDGAR | |
| 2026-07-22 | Tiffany S. Kenyon | Chief Legal Officer | Mixed | — | — | EDGAR | |
| 2026-07-22 | Paul William Hylbert Jr | Director | Disp (D) | −21,406 | — | EDGAR | |
| 2026-07-22 | Brandon Togashi | Chief Financial Officer | Mixed | −250 | — | EDGAR | |
| 2026-07-22 | David Cramer | President and CEO | Mixed | −1,912,204 | — | EDGAR | |
| 2026-07-22 | Warren Allan | Director | Disp (D) | −4,762 | — | EDGAR | |
| 2026-07-22 | John Esbenshade | Chief Accounting Officer | Mixed | −100 | — | EDGAR |
Codes: P = open-market purchase · S = open-market sale · A = grant/award · M = option exercise · F = tax withholding at vest · G = bona-fide gift · D = disposition to issuer · J = other (described in filing footnote — typically 401(k), trust, inheritance) · W = will/inheritance. Only P / S codes carry directional signal.
NSA Insider Holdings
7 insiders · @ $43.41
Officers, directors, and 10%+ owners who have filed a Form 4 in the past two years, ranked by current disclosed exposure (shares × today's price). Shares are direct + indirect (via trusts / LLCs / spouse). Excludes unvested RSU and option grants — those aren't beneficially owned until vest.
| # | Insider | Role | Shares | Disclosed Exposure | Lifetime OM Net | Filings | Last Filed |
|---|---|---|---|---|---|---|---|
| 1 | David Cramer | President and CEO | 3,864,820 | $167.77M | $378.8K | 14 | 2026-07-22 |
| 2 | Arlen Dale Nordhagen | Vice Chairperson | 3,817,257 | $165.71M | $26.0K | 48 | 2026-07-22 |
| 3 | Chad LeRoy Meisinger | Director | 114,155 | $4.96M | $3.51M | 16 | 2026-07-22 |
| 4 | William S. Cowan Jr. | Chief Strategy Officer | 20,374 | $884.4K | $0 | 8 | 2026-07-22 |
| 5 | Tamara D Fischer | Executive Chairperson | 18,000 | $781.4K | $316.5K | 29 | 2026-07-22 |
| 6 | Brandon Togashi | Chief Financial Officer | 17,212 | $747.2K | $0 | 14 | 2026-07-22 |
| 7 | Paul William Hylbert Jr | Director | 16,350 | $709.8K | $304.3K | 18 | 2026-07-22 |
Lifetime OM Net = signed sum of open-market buys (P) and sells (S) over their career; excludes grants, tax withholdings, and dispositions to issuer. A large negative number is normal for long-tenured executives — they've sold compensation grants over many years.
Recent SEC Filings
Latest: 2026-05-05
Current reports — material events the company must disclose within 4 business days (earnings releases, M&A, executive changes, etc.).
| Filing Date | Accession | Link |
|---|---|---|
| 2026-05-05 | 0001628280-26-030498 | EDGAR |
| 2026-03-17 | 0001104659-26-029067 | EDGAR |
| 2026-03-16 | 0001104659-26-027957 | EDGAR |
| 2026-02-25 | 0001628280-26-011627 | EDGAR |
| 2025-11-03 | 0001628280-25-048227 | EDGAR |
| 2025-08-04 | 0001618563-25-000018 | EDGAR |
| 2025-05-15 | 0001628280-25-025872 | EDGAR |
| 2025-05-05 | 0001628280-25-022164 | EDGAR |
| 2025-02-26 | 0001628280-25-008129 | EDGAR |
| 2025-02-13 | 0001628280-25-005425 | EDGAR |
Annual report — audited financial statements, MD&A, risk factors. Filed 60–90 days after fiscal year-end.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-02-26 | 0001628280-26-012248 | EDGAR |
| 2025-02-27 | 0001628280-25-008656 | EDGAR |
| 2024-02-28 | 0001628280-24-007624 | EDGAR |
| 2023-02-27 | 0001628280-23-005252 | EDGAR |
| 2022-02-25 | 0001628280-22-004019 | EDGAR |
| 2021-02-26 | 0001618563-21-000018 | EDGAR |
| 2020-02-26 | 0001618563-20-000022 | EDGAR |
| 2019-02-26 | 0001618563-19-000018 | EDGAR |
| 2018-02-27 | 0001618563-18-000015 | EDGAR |
| 2017-02-28 | 0001618563-17-000034 | EDGAR |
Quarterly report — unaudited financials and MD&A. Filed 40–45 days after each of the first three fiscal quarters.
| Filing Date | Accession | Link |
|---|---|---|
| 2026-05-05 | 0001628280-26-030519 | EDGAR |
| 2025-11-04 | 0001628280-25-048800 | EDGAR |
| 2025-08-05 | 0001618563-25-000023 | EDGAR |
| 2025-05-06 | 0001628280-25-022674 | EDGAR |
| 2024-10-31 | 0001628280-24-044549 | EDGAR |
| 2024-08-05 | 0001628280-24-034802 | EDGAR |
| 2024-05-02 | 0001628280-24-019991 | EDGAR |
| 2023-11-02 | 0001628280-23-036384 | EDGAR |
| 2023-08-08 | 0001628280-23-028176 | EDGAR |
| 2023-05-02 | 0001628280-23-014864 | EDGAR |
ETF Holders
25 ETFs hold NSA
25 shown · $64.96M total exposure
| # | ETF | Provider | Weight | $ Exposure | ETF AUM | As Of |
|---|---|---|---|---|---|---|
| 1 | SCHH Schwab U.S. REIT ETF | Nport | 0.21% | $21.4M | — | 2026-05-31 |
| 2 | SCHA Schwab U.S. Small-Cap ETF | Nport | 0.06% | $14.5M | — | 2026-05-31 |
| 3 | DES WisdomTree U.S. SmallCap Dividend Fund | Nport | 0.32% | $7.0M | — | 2026-06-30 |
| 4 | FNDA Schwab Fundamental U.S. Small Company ETF | Nport | 0.07% | $6.4M | — | 2026-05-31 |
| 5 | ARB AltShares Merger Arbitrage ETF | Nport | 2.41% | $2.5M | — | 2026-05-31 |
| 6 | DHS WisdomTree U.S. High Dividend Fund | Nport | 0.16% | $2.4M | — | 2026-06-30 |
| 7 | RIET Hoya Capital High Dividend Yield ETF | Nport | 2.10% | $2.2M | — | 2026-05-31 |
| 8 | SCHB Schwab U.S. Broad Market ETF | Nport | 0.00% | $1.7M | — | 2026-05-31 |
| 9 | INDS Pacer Industrial Real Estate ETF | Nport | 1.22% | $1.4M | — | 2026-04-30 |
| 10 | JHSC John Hancock Multifactor Small Cap ETF | Nport | 0.18% | $1.2M | — | 2026-06-30 |
| 11 | NURE Nuveen Short-Term REIT ETF | Nport | 2.62% | $931,735 | — | 2026-06-30 |
| 12 | SAMM Strategas Macro Momentum ETF | Nport | 2.70% | $820,605 | — | 2026-06-30 |
| 13 | EES WisdomTree U.S. SmallCap Fund | Nport | 0.09% | $636,721 | — | 2026-06-30 |
| 14 | DTD WisdomTree U.S. Total Dividend Fund | Nport | 0.02% | $371,147 | — | 2026-06-30 |
| 15 | PTMC Pacer Trendpilot US Mid Cap ETF | Nport | 0.09% | $335,628 | — | 2026-04-30 |
| 16 | RDOG ALPS REIT Dividend Dogs ETF | Nport | 2.76% | $308,402 | — | 2026-05-31 |
| 17 | FXED Sound Enhanced Fixed Income ETF | Nport | 0.61% | $242,977 | — | 2026-05-31 |
| 18 | EVNT AltShares Event-Driven ETF | Nport | 1.84% | $225,874 | — | 2026-05-31 |
| 19 | DEW WisdomTree Global High Dividend Fund | Nport | 0.10% | $138,524 | — | 2026-06-30 |
| 20 | FNDB Schwab Fundamental U.S. Broad Market ETF | Nport | 0.01% | $66,747 | — | 2026-05-31 |
| 21 | CVLC Calvert US Large-Cap Core Responsible Index ETF | Nport | 0.01% | $55,854 | — | 2026-06-30 |
| 22 | CVMC Calvert US Mid-Cap Core Responsible Index ETF | Nport | 0.03% | $33,219 | — | 2026-06-30 |
| 23 | DEUS Xtrackers Russell US Multifactor ETF | Nport | 0.01% | $28,192 | — | 2026-05-29 |
| 24 | CRIB Russell Investments Global Real Estate ETF | Nport | 1.07% | $21,568 | — | 2026-06-30 |
| 25 | CLIM Climate Global Climate Resilient REIT Index ETF | Nport | 1.25% | $16,378 | — | 2026-05-31 |
Fundamentals
Quarterly filings sourced from SEC 10-Q / 10-K reports. TTM tiles aggregate the most recent four quarters; bars show the last ~12 quarters oldest → newest.
Metrics
- Revenue — top-line sales. Look for consistent YoY growth; seasonal businesses need same-quarter comparisons (Q4 '24 vs Q4 '23).
- Net Income — bottom-line profit after all expenses. Can be volatile from one-time items; red bars = net loss.
- Diluted EPS — net income per share assuming options/converts are exercised. Direct input to the P/E ratio.
- Operating Cash Flow — cash generated from core operations, before capex and financing. Harder to manipulate than net income; growing OCF is a quality signal.
How to read the bars
- Sequential growth — quarter-over-quarter trend. Accelerating bars are a momentum signal.
- YoY growth — compare to the same quarter a year earlier to remove seasonality.
- Quality — OCF should roughly track Net Income over time. Large divergence (net income ≫ OCF) flags accruals risk.
- Margins — scan the bar ratios: Net Income / Revenue tells you margin trend without needing a separate chart.
TTM (trailing-twelve-month) smooths seasonality and is used for the P/E calculation. Filings appear 30–90 days after the period closes.
Trailing P/E
—
TTM Diluted EPS
$0.75
TTM Revenue
$749.98M
TTM Net Income
$58.01M
TTM Op. Cash Flow
$340.31M
Quarterly figures (12 quarters)
| Quarter | Period End | Revenue | Net Income | Diluted EPS | Op. Cash Flow |
|---|---|---|---|---|---|
| Q1 '26 | 2026-03-31 | $185.40M | $12.63M | $0.16 | $87.44M |
| Q4 '25 | 2025-12-31 | $187.03M | $17.72M | $0.23 | $72.81M |
| Q3 '25 | 2025-09-30 | $188.70M | $13.31M | $0.17 | $100.19M |
| Q2 '25 | 2025-06-30 | $188.84M | $14.36M | $0.19 | $79.88M |
| Q1 '25 | 2025-03-31 | $188.35M | $7.88M | $0.10 | $85.63M |
| Q4 '24 | 2024-12-31 | $190.12M | $11.57M | $0.15 | $80.14M |
| Q3 '24 | 2024-09-30 | $193.62M | $13.59M | $0.18 | $105.71M |
| Q2 '24 | 2024-06-30 | $190.45M | $11.95M | $0.16 | $83.22M |
| Q1 '24 | 2024-03-31 | $196.15M | $53.92M | $0.65 | $94.00M |
| Q4 '23 | 2023-12-31 | $215.41M | $63.96M | $0.71 | $93.99M |
| Q3 '23 | 2023-09-30 | $219.15M | $24.11M | $0.26 | $129.40M |
| Q2 '23 | 2023-06-30 | $215.51M | $24.33M | $0.28 | $108.43M |
Q1 2026 • period ending 2026-03-31 • filed 2026-05-05
Valuation
Ratios derived from TTM financials and the current market price, sampled daily. History chart shows how expensive the stock is today relative to its own recent past.
Price Multiples
- P/E — price / TTM earnings. Rough market rule: 10–15 value, 15–25 market, >30 growth/premium. Negative when earnings are negative.
- P/B — price / book value. Useful for financials and asset-heavy names; meaningless for asset-light software.
- P/S — price / TTM revenue. Useful when earnings are negative or noisy (early-stage growth).
- EV/EBITDA — capital-structure-neutral. <10 cheap, 10–15 reasonable, >20 rich. Good for comparing across leverage profiles.
- EV/Sales — like P/S but accounts for debt + cash. Compare within sector.
Profitability & Yields
- ROE — return on equity. >15% strong, >25% exceptional. Caution: high leverage inflates ROE.
- ROA — return on assets. Leverage-neutral; >5% solid, >10% exceptional.
- Div Yield — annual dividend / price. Compare to 10Y Treasury; sustained yield >6% often signals distress.
- FCF Yield — free cash flow / market cap. >5% is attractive; negative means burning cash.
Balance Sheet
- Debt/Equity — leverage. <1 conservative, >2 aggressive. Sector-dependent (utilities naturally high, tech low).
- Current Ratio — short-term liquidity. >1.5 comfortable, <1 raises short-term solvency flags.
Reading the history chart
- Compare current level to the 3-year band: near the high end = relatively expensive; near the low = relatively cheap.
- Multiples expanding while earnings are flat = sentiment-driven rally.
- Multiples compressing while earnings grow = value coming from fundamentals.
P/E
0.00
P/B
—
P/S
—
EV/EBITDA
—
EV/Sales
—
ROE
3.9%
ROA
1.2%
Div Yield
9.77%
FCF Yield
—
Debt/Equity
0.00
Current Ratio
—
Market Cap
$0.00
as of 2026-07-22
Short Interest & Float
Regulatory short-interest reports publish on a bi-weekly settlement cadence; short-volume is reported daily by the trade-reporting facilities. Float is derived from insider-ownership filings.
Metric definitions
- Short Interest — total shares currently sold short as of the settlement date. Lags real time by ~8 business days.
- SI % of Float — short interest / free float. The key crowding metric.
- Days to Cover — short interest / avg daily volume. How many full trading days it would take shorts to buy back. High DTC + catalyst = squeeze fuel.
- Short Vol Ratio — today's short-sale volume / total volume. Intraday selling pressure proxy (not the same as short interest).
- Free Float — shares available for public trading (total shares minus insider / restricted).
- Float % — free float / shares outstanding. <50% = tightly held, more prone to squeezes.
How to read the signals
- SI % of Float < 5% — typical, no particular signal.
- 5–15% — elevated; watch for catalysts (earnings, guidance, macro).
- 15–30% — heavily shorted; tight-float names in this range have produced notable squeezes historically.
- >30% — extreme; borrow is likely expensive and squeeze risk is material.
- Days to Cover > 5 combined with high SI% amplifies squeeze potential.
History chart
- Trend matters more than level. Rapidly rising short interest often precedes negative catalysts or heavy hedging.
- A sudden drop in SI after a rally may indicate a squeeze in progress.
Short interest is reported mid-month and end-of-month; short volume is daily.
Short Interest
4.60M
SI % of Float
7.29%
Days to Cover
4.38
Short Vol Ratio
36.1%
Free Float
63.08M
Float %
82.0%
Short interest 2026-07-15 • Short volume 2026-07-21 • Float 2026-01-29