Global Self Storage (NASDAQ:SELF) CEO Acquires $21,320.00 in Stock

Global Self Storage, Inc. (NASDAQ:SELF) CEO Mark Campbell Winmill acquired 4,000 shares of the stock in a transaction that occurred on Thursday, May 14th. The stock was acquired at an average cost of $5.33 per share, for a total transaction of $21,320.00. Following the completion of the purchase, the chief executive officer owned 368,582 shares in the company, valued at $1,964,542.06. The trade was a 1.10% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Global Self Storage Stock Performance

NASDAQ:SELF opened at $5.28 on Monday. The company has a market capitalization of $60.30 million, a P/E ratio of 31.06 and a beta of 0.02. The firm has a 50-day moving average price of $5.24 and a two-hundred day moving average price of $5.12. Global Self Storage, Inc. has a twelve month low of $4.73 and a twelve month high of $5.83.

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

Global Self Storage Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 31st. Investors of record on Monday, March 16th were paid 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 yield of 5.5%. Global Self Storage’s dividend payout ratio is presently 170.59%.

Analyst Ratings Changes

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

Institutional Investors Weigh In On Global Self Storage

Several hedge funds have recently modified their holdings of SELF. Virtu Financial LLC acquired a new position in shares of Global Self Storage in the third quarter valued at approximately $54,000. Private Capital Management LLC acquired a new stake in Global Self Storage during the fourth quarter worth approximately $61,000. Hsbc Holdings PLC acquired a new stake in Global Self Storage during the first quarter worth approximately $88,000. Raymond James Financial Inc. grew its stake in Global Self Storage by 20.4% in the 2nd 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. Finally, Goldman Sachs Group Inc. acquired a new position in Global Self Storage in the 4th quarter valued at $99,000. 28.88% of the stock is owned by institutional investors and hedge funds.

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.