Key Points
- CEO Mark Campbell Winmill bought 4,000 shares of Global Self Storage at an average price of $5.33, a transaction worth $21,320. After the purchase, he owned 368,582 shares, a 1.10% increase in his stake.
- Global Self Storage recently reported first-quarter EPS of $0.04, missing analyst expectations of $0.06, though revenue of $3.17 million came in slightly above estimates. The company posted a 15.37% net margin and 4.19% return on equity.
- The company paid a quarterly dividend of $0.0725, equal to an annualized yield of 5.5%, but its payout ratio is high at 170.59%. Wall Street sentiment remains cautious, with an average rating of Hold.
Global Self Storage, Inc. (NASDAQ:SELF - Get Free Report) CEO Mark Campbell Winmill bought 4,000 shares of the business's stock in a transaction dated Thursday, May 14th. The stock was bought at an average price of $5.33 per share, for a total transaction of $21,320.00. Following the purchase, the chief executive officer owned 368,582 shares in the company, valued at approximately $1,964,542.06. This represents a 1.10% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link.
Global Self Storage Stock Performance
Shares of Global Self Storage stock opened at $5.28 on Friday. The firm has a market cap of $60.30 million, a PE ratio of 31.06 and a beta of 0.02. The firm's 50-day simple moving average is $5.24 and its 200-day simple moving average is $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 - Get Free Report) last released its quarterly earnings data on Friday, May 8th. The financial services provider reported $0.04 EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.02). The business had revenue of $3.17 million during the quarter, compared to analyst estimates of $3.08 million. Global Self Storage had a return on equity of 4.19% and a net margin of 15.37%.
Global Self Storage Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were issued a $0.0725 dividend. This represents a $0.29 dividend on an annualized basis and a yield of 5.5%. The ex-dividend date of this dividend was Monday, March 16th. Global Self Storage's payout ratio is currently 170.59%.
Wall Street Analyst Weigh In
Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Global Self Storage in a report on Friday, March 27th. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock presently has an average rating of "Hold".
Read Our Latest Report on SELF
Institutional Trading of Global Self Storage
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Winmill & CO. Inc. raised its position in shares of Global Self Storage by 14.0% during the 4th quarter. Winmill & CO. Inc. now owns 586,500 shares of the financial services provider's stock worth $2,991,000 after purchasing an additional 71,907 shares during the period. Geode Capital Management LLC boosted its stake in Global Self Storage by 2.0% during the 4th quarter. Geode Capital Management LLC now owns 144,144 shares of the financial services provider's stock valued at $735,000 after purchasing an additional 2,867 shares during the period. Dimensional Fund Advisors LP boosted its stake in Global Self Storage by 3.4% during the 3rd quarter. Dimensional Fund Advisors LP now owns 61,131 shares of the financial services provider's stock valued at $307,000 after purchasing an additional 2,032 shares during the period. Easterly Investment Partners LLC acquired a new position in Global Self Storage during the 4th quarter valued at about $250,000. Finally, Cetera Investment Advisers boosted its stake in Global Self Storage by 158.3% during the 2nd quarter. Cetera Investment Advisers now owns 45,552 shares of the financial services provider's stock valued at $243,000 after purchasing an additional 27,914 shares during the period. 28.88% of the stock is currently owned by institutional investors and hedge funds.
Global Self Storage Company Profile
(
Get Free Report)
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.
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