Key Points
- CEO Mark Winmill purchased 3,658 Global Self Storage shares at an average price of $5.16, spending $18,875.28. The purchase increased his ownership to 372,240 shares, valued at approximately $1.92 million.
- Global Self Storage reported quarterly EPS of $0.07, exceeding the $0.06 analyst consensus, while revenue of $3.21 million also topped estimates. The company declared a quarterly dividend of $0.0725 per share, representing a 5.7% annualized yield.
- SELF shares opened at $5.11, with a market capitalization of about $58.36 million and a one-year range of $4.73 to $5.75. Weiss Ratings upgraded the stock to “buy,” and institutional investors own 28.88% of outstanding shares.
Global Self Storage, Inc. (NASDAQ:SELF - Get Free Report) CEO Mark Winmill purchased 3,658 shares of the stock in a transaction on Wednesday, September 9th. The stock was acquired at an average cost of $5.16 per share, for a total transaction of $18,875.28. Following the acquisition, the chief executive officer owned 372,240 shares in the company, valued at approximately $1,920,758.40. This represents a 0.99% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is available 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, for a total transaction of $1,764.72.
Global Self Storage Price Performance
SELF stock opened at $5.11 on Friday. The firm has a 50 day simple moving average of $5.23 and a two-hundred day simple moving average of $5.21. The stock has a market cap of $58.36 million and a PE ratio of 28.39. Global Self Storage, Inc. has a one year low of $4.73 and a one year high of $5.75.
Global Self Storage (NASDAQ:SELF - Get Free Report) last posted its quarterly earnings data on Friday, August 7th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.06 by $0.01. Global Self Storage had a net margin of 16.64% and a return on equity of 4.57%. The company had revenue of $3.21 million during the quarter, compared to the consensus estimate 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. Stockholders of record on Wednesday, September 16th will be given a dividend of $0.0725 per share. The ex-dividend date is Wednesday, September 16th. This represents a $0.29 annualized dividend and a dividend yield of 5.7%. Global Self Storage's dividend payout ratio is 161.11%.
Wall Street Analysts Forecast Growth
Separately, Weiss Ratings raised Global Self Storage from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, August 13th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat.com, Global Self Storage currently has an average rating of "Buy".
Get Our Latest Analysis on SELF
Institutional Investors Weigh In On Global Self Storage
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Dimensional Fund Advisors LP lifted its position in Global Self Storage by 3.4% in the third 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 last quarter. Geode Capital Management LLC increased its position in shares of Global Self Storage by 2.0% in the fourth quarter. Geode Capital Management LLC now owns 144,144 shares of the financial services provider's stock valued at $735,000 after acquiring an additional 2,867 shares during the period. Raymond James Financial Inc. boosted its holdings in shares of 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 purchasing an additional 3,179 shares during the period. NewEdge Advisors LLC boosted its holdings in shares of Global Self Storage by 54.5% during the third quarter. NewEdge Advisors LLC now owns 24,100 shares of the financial services provider's stock worth $121,000 after purchasing an additional 8,500 shares during the period. Finally, Virtu Financial LLC purchased a new position in Global Self Storage during the 3rd quarter valued at about $54,000. Institutional investors own 28.88% of the company's stock.
About Global Self Storage
(
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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