Mark Campbell Winmill Acquires 4,000 Shares of Global Self Storage (NASDAQ:SELF) Stock

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

Global Self Storage Stock Down 0.8%

SELF opened at $5.28 on Friday. The stock has a market cap of $60.30 million, a PE ratio of 31.06 and a beta of 0.02. Global Self Storage, Inc. has a 52 week low of $4.73 and a 52 week high of $5.83. The business’s fifty day simple moving average is $5.24 and its 200 day simple moving average is $5.12.

Global Self Storage (NASDAQ:SELF) last posted 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). 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 for the quarter, compared to analysts’ expectations of $3.08 million.

Global Self Storage Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, March 31st. Shareholders of record on Monday, March 16th were given a dividend of $0.0725 per share. This represents a $0.29 annualized dividend and a yield of 5.5%. The ex-dividend date was Monday, March 16th. Global Self Storage’s dividend payout ratio is presently 170.59%.

Analyst Ratings Changes

Separately, Weiss Ratings restated 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, Based on data from MarketBeat.com, Global Self Storage has an average rating of “Hold”.

Institutional Trading of Global Self Storage

Several institutional investors have recently added to or reduced their stakes in the business. Hsbc Holdings PLC purchased a new stake in Global Self Storage during the first quarter valued at about $88,000. Private Capital Management LLC purchased a new stake in shares of Global Self Storage during the fourth quarter worth about $61,000. Royal Bank of Canada purchased a new stake in shares of Global Self Storage during the fourth quarter worth about $129,000. Winmill & CO. Inc. boosted its holdings in shares of Global Self Storage by 14.0% during the fourth 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. Finally, Crossingbridge Advisors LLC boosted its holdings in shares of Global Self Storage by 3,427.1% during the fourth quarter. Crossingbridge Advisors LLC now owns 35,271 shares of the financial services provider’s stock worth $178,000 after purchasing an additional 34,271 shares during the period. 28.88% of the stock is currently owned by hedge funds and other institutional investors.

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.