Mark Campbell Winmill Buys 3,658 Shares of Global Self Storage (NASDAQ:SELF) Stock

Global Self Storage, Inc. (NASDAQ:SELF) CEO Mark Winmill acquired 3,658 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The stock was bought at an average price of $5.16 per share, for a total transaction of $18,875.28. Following the acquisition, the chief executive officer owned 372,240 shares of the company’s stock, valued at approximately $1,920,758.40. This trade represents a 0.99% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link.

Mark Campbell Winmill also recently made the following trade(s):

• On Thursday, September 10th, Mark Winmill bought 342 shares of Global Self Storage stock. The stock was bought at an average cost of $5.16 per share, with a total value of $1,764.72.

Global Self Storage Price Performance

SELF opened at $5.11 on Friday. Global Self Storage, Inc. has a 1 year low of $4.73 and a 1 year high of $5.75. The stock’s 50 day simple moving average is $5.23 and its 200 day simple moving average is $5.21. The firm has a market cap of $58.36 million and a price-to-earnings ratio of 28.39.

Global Self Storage (NASDAQ:SELF) last released its quarterly earnings data on Friday, August 7th. The financial services provider reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of $0.06 by $0.01. Global Self Storage had a return on equity of 4.57% and a net margin of 16.64%.The firm had revenue of $3.21 million during the quarter, compared to analyst estimates of $3.15 million.

Global Self Storage Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be given a $0.0725 dividend. The ex-dividend date is Wednesday, September 16th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 5.7%. Global Self Storage’s payout ratio is presently 161.11%.

Institutional Investors Weigh In On Global Self Storage

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Virtu Financial LLC purchased a new position in Global Self Storage during the third quarter valued at $54,000. Private Capital Management LLC purchased a new stake in shares of Global Self Storage in the 4th quarter worth about $61,000. Bard Associates Inc. purchased a new stake in shares of Global Self Storage in the 2nd quarter worth about $82,000. Hsbc Holdings PLC bought a new position in shares of Global Self Storage in the 2nd quarter worth about $88,000. Finally, Goldman Sachs Group Inc. bought a new position in shares of Global Self Storage in the 4th quarter worth about $99,000. 28.88% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings raised Global Self Storage from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, August 13th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, the stock has a consensus rating of “Buy”.

About Global Self Storage

Global Self Storage, Inc (NASDAQ: SELF) is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and acquisition of self storage properties across the United States. Headquartered in Denver, Colorado, the company focuses on delivering storage solutions tailored to both personal and commercial customers. Since its formation in 2012, Global Self Storage has built a diversified portfolio designed to meet a range of storage needs—from climate-controlled units to vehicle and business storage options.

The company’s primary business activities include the development of new facilities, the strategic acquisition of existing properties and the repositioning of underperforming assets.