Insider Buying: Global Self Storage (NASDAQ:SELF) CEO Purchases 4,000 Shares of Stock

Global Self Storage, Inc. (NASDAQ:SELF) CEO Mark Campbell Winmill bought 4,000 shares of Global Self Storage stock in a transaction on Thursday, May 14th. The stock was acquired at an average price of $5.33 per share, with a total value of $21,320.00. Following the completion of the purchase, the chief executive officer directly owned 368,582 shares of the company’s stock, valued at approximately $1,964,542.06. The trade was a 1.10% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink.

Global Self Storage Trading Down 0.8%

NASDAQ SELF traded down $0.04 during trading on Friday, reaching $5.28. The company’s stock had a trading volume of 12,789 shares, compared to its average volume of 31,144. The stock has a market capitalization of $60.30 million, a PE ratio of 31.06 and a beta of 0.02. The business has a 50-day moving average price of $5.24 and a 200-day moving average price of $5.12. Global Self Storage, Inc. has a 1-year low of $4.73 and a 1-year high of $5.83.

Global Self Storage (NASDAQ:SELF) last posted its earnings results on Friday, May 8th. The financial services provider reported $0.04 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.02). Global Self Storage had a net margin of 15.37% and a return on equity of 4.19%. The business had revenue of $3.17 million during the quarter, compared to analyst estimates of $3.08 million.

Global Self Storage Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Stockholders of record on Monday, March 16th were given a $0.0725 dividend. The ex-dividend date of this dividend was Monday, March 16th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 5.5%. Global Self Storage’s dividend payout ratio (DPR) is currently 170.59%.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reissued a “hold (c)” rating on shares of Global Self Storage in a research report on Friday, March 27th. One equities research analyst has rated the stock with a Hold rating, According to data from MarketBeat.com, the stock has a consensus rating of “Hold”.

Hedge Funds Weigh In On Global Self Storage

A number of institutional investors and hedge funds have recently bought and sold shares of SELF. Cetera Investment Advisers increased its position in Global Self Storage by 158.3% during the second quarter. Cetera Investment Advisers now owns 45,552 shares of the financial services provider’s stock worth $243,000 after acquiring an additional 27,914 shares during the period. Raymond James Financial Inc. increased its position in Global Self Storage by 20.4% during the second quarter. Raymond James Financial Inc. now owns 18,758 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 3,179 shares during the period. James Investment Research Inc. increased its position in Global Self Storage by 54.5% during the third quarter. James Investment Research Inc. now owns 24,100 shares of the financial services provider’s stock worth $121,000 after acquiring an additional 8,500 shares during the period. Dimensional Fund Advisors LP increased its position in Global Self Storage by 3.4% during the third quarter. Dimensional Fund Advisors LP now owns 61,131 shares of the financial services provider’s stock worth $307,000 after acquiring an additional 2,032 shares during the period. Finally, Virtu Financial LLC bought a new position in Global Self Storage during the third quarter worth $54,000. Institutional investors own 28.88% of the company’s stock.

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.