Global Self Storage (NASDAQ:SELF) CEO Purchases $18,875.28 in Stock

Global Self Storage, Inc. (NASDAQ:SELF) CEO Mark Winmill acquired 3,658 shares of the stock in a transaction that occurred on Wednesday, September 9th. The shares were bought at an average price of $5.16 per share, with a total value of $18,875.28. Following the completion of the transaction, the chief executive officer owned 372,240 shares in the company, valued at $1,920,758.40. This represents a 0.99% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

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

• On Thursday, September 10th, Mark Winmill acquired 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

Shares of Global Self Storage stock opened at $5.11 on Monday. The company’s 50 day moving average price is $5.23 and its two-hundred day moving average price is $5.21. The firm has a market capitalization of $58.36 million and a P/E ratio of 28.39. Global Self Storage, Inc. has a fifty-two week low of $4.73 and a fifty-two week high of $5.75.

Global Self Storage (NASDAQ:SELF) last announced its quarterly earnings results on Friday, August 7th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate 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 announced a quarterly dividend, which will be paid on Wednesday, September 30th. Shareholders of record on Wednesday, September 16th will be issued a $0.0725 dividend. This represents a $0.29 dividend on an annualized basis and a yield of 5.7%. The ex-dividend date of this dividend is Wednesday, September 16th. Global Self Storage’s dividend payout ratio is presently 161.11%.

Institutional Trading of Global Self Storage

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Winmill & CO. Inc. bought a new stake in shares of Global Self Storage in the 2nd quarter valued at $3,073,000. BlackRock Inc. acquired a new stake in Global Self Storage during the 2nd quarter worth about $2,083,000. Easterly Investment Partners LLC bought a new position in shares of Global Self Storage in the 4th quarter worth about $250,000. Citadel Advisors LLC acquired a new position in shares of Global Self Storage in the 3rd quarter valued at about $197,000. Finally, AlphaCentric Advisors LLC bought a new stake in shares of Global Self Storage during the 4th quarter valued at about $180,000. Institutional investors and hedge funds own 28.88% of the company’s stock.

Analysts Set New Price Targets

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 data from MarketBeat.com, the stock presently 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.