Global Self Storage (NASDAQ:SELF) Stock Price Down 0.2% - Time to Sell?

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)'s share price fell 0.2% during mid-day trading on Monday . The company traded as low as $5.09 and last traded at $5.15. 36,719 shares were traded 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.

Analyst Upgrades and Downgrades

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

Global Self Storage Stock Down 0.2%

The stock has a market cap of $58.40 million, a P/E ratio of 24.52 and a beta of 0.05. The firm's 50 day simple moving average is $5.44 and its two-hundred day simple moving average is $5.25.

Global Self Storage (NASDAQ:SELF - Get Free Report) last posted its earnings results on Friday, May 9th. The financial services provider reported $0.10 EPS for the quarter. The company had revenue of $3.13 million during 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 disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Monday, June 16th were issued a $0.0725 dividend. This represents a $0.29 dividend on an annualized basis and a yield of 5.6%. The ex-dividend date of this dividend was Monday, June 16th. Global Self Storage's dividend payout ratio is 138.10%.

Insider Transactions at Global Self Storage

In related news, CEO Mark Campbell Winmill purchased 10,000 shares of Global Self Storage stock in a transaction dated 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 purchase, the chief executive officer owned 322,838 shares in the company, valued at approximately $1,830,491.46. The trade was a 3.20% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 7.97% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in SELF. PFG Investments LLC purchased a new position in shares of Global Self Storage in the first quarter worth approximately $103,000. Crossingbridge Advisors LLC boosted its stake in Global Self Storage by 49.8% in the 4th quarter. Crossingbridge Advisors LLC now owns 151,325 shares of the financial services provider's stock worth $807,000 after purchasing an additional 50,295 shares during the period. Raymond James Financial Inc. acquired a new position in Global Self Storage in the 4th quarter worth approximately $66,000. Financial Gravity Asset Management Inc. purchased a new position in Global Self Storage during the 1st quarter worth approximately $32,000. Finally, Baker Ellis Asset Management LLC raised its stake in Global Self Storage by 16.7% during the 1st quarter. Baker Ellis Asset Management LLC now owns 28,000 shares of the financial services provider's stock valued at $141,000 after purchasing an additional 4,000 shares during the period. Institutional investors and hedge funds own 28.88% of the company's stock.

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.

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