Global Self Storage (NASDAQ:SELF) Shares Down 0.2% - Here's What Happened

Key Points

• Global Self Storage's share price declined by 0.2% to $5.15, with trading volume increasing by 33% compared to the average session.
• The company was recently downgraded from a "buy" to a "hold" rating by Wall Street Zen on July 12th.
• Global Self Storage declared a quarterly dividend of $0.0725, reflecting a yield of 5.6%, although its payout ratio stands at 138.10%.

Global Self Storage, Inc. (NASDAQ:SELF - Get Free Report) shares traded down 0.2% on Monday . The company traded as low as $5.09 and last traded at $5.15. 36,719 shares traded hands during mid-day trading, an increase of 33% from the average session volume of 27,690 shares. The stock had previously closed at $5.16.

Wall Street Analyst Weigh In

Separately, Wall Street Zen lowered Global Self Storage from a "buy" rating to a "hold" rating in a report on Saturday, July 12th.

Global Self Storage Trading Down 0.9%

The business's fifty day moving average is $5.42 and its 200 day moving average is $5.25. The company has a market cap of $59.42 million, a P/E ratio of 24.95 and a beta of 0.05.

Global Self Storage (NASDAQ:SELF - Get Free Report) last issued its quarterly earnings results on Friday, August 8th. The financial services provider reported $0.10 EPS for the quarter. Global Self Storage had a return on equity of 5.07% and a net margin of 19.12%.

Global Self Storage Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Monday, June 16th were paid a $0.0725 dividend. The ex-dividend date was Monday, June 16th. This represents a $0.29 annualized dividend and a dividend yield of 5.5%. Global Self Storage's dividend payout ratio (DPR) is presently 138.10%.

Insider Buying and Selling at Global Self Storage

In other Global Self Storage news, CEO Mark Campbell Winmill acquired 10,000 shares of the business's stock in a transaction that occurred on Monday, May 19th. The stock was bought at an average cost of $5.67 per share, with a total value of $56,700.00. Following the acquisition, the chief executive officer owned 322,838 shares in the company, valued at approximately $1,830,491.46. This represents a 3.20% increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. 7.97% of the stock is owned by insiders.

Hedge Funds Weigh In On Global Self Storage

A number of large investors have recently made changes to their positions in SELF. Financial Gravity Asset Management Inc. purchased a new position in Global Self Storage during the 1st quarter valued at about $32,000. Raymond James Financial Inc. purchased a new position in shares of Global Self Storage during the 4th quarter valued at $66,000. PFG Investments LLC bought a new stake in Global Self Storage during the first quarter valued at $103,000. Ritholtz Wealth Management raised its holdings in shares of Global Self Storage by 103.4% in the 2nd quarter. Ritholtz Wealth Management now owns 21,852 shares of the financial services provider's stock valued at $117,000 after acquiring an additional 11,109 shares in the last quarter. Finally, Ethos Financial Group LLC bought a new position in shares of Global Self Storage in the first quarter worth approximately $129,000. 28.88% of the stock is owned by institutional investors.

About Global Self Storage

Global Self Storage is a self-administered and self-managed REIT that owns, operates, manages, acquires, and redevelops self-storage properties. The company's self-storage properties are designed to offer affordable, easily accessible and secure storage space for residential and commercial customers.