Global Self Storage (NASDAQ:SELF) Stock Rating Upgraded by Wall Street Zen

Wall Street Zen upgraded shares of Global Self Storage (NASDAQ:SELF - Free Report) to a hold rating in a report issued on Saturday morning.

Global Self Storage Stock Performance

Shares of NASDAQ:SELF traded down $0.02 during trading on Friday, hitting $5.55. 30,220 shares of the stock were exchanged, compared to its average volume of 21,563. The company has a market capitalization of $62.93 million, a price-to-earnings ratio of 20.56 and a beta of 0.03. Global Self Storage has a 1-year low of $4.60 and a 1-year high of $5.89. The company's fifty day simple moving average is $5.16 and its 200-day simple moving average is $5.16.

Global Self Storage (NASDAQ:SELF - Get Free Report) last issued its earnings results on Friday, May 9th. The financial services provider reported $0.10 earnings per share (EPS) for the quarter. Global Self Storage had a return on equity of 6.55% and a net margin of 25.47%. The business had revenue of $3.13 million during the quarter.

Global Self Storage Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Monday, March 17th were paid a $0.0725 dividend. The ex-dividend date of this dividend was Monday, March 17th. This represents a $0.29 annualized dividend and a dividend yield of 5.23%. Global Self Storage's dividend payout ratio (DPR) is currently 138.10%.

Insider Buying and Selling

In related news, CEO Mark Campbell Winmill purchased 10,000 shares of the 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 now directly owns 322,838 shares in the company, valued at $1,830,491.46. The trade was a 3.20% increase in their position. The purchase was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 7.97% of the company's stock.

Institutional Trading of Global Self Storage

A number of institutional investors have recently made changes to their positions in SELF. Financial Gravity Asset Management Inc. acquired a new position in shares of Global Self Storage during the 1st quarter worth approximately $32,000. Raymond James Financial Inc. bought a new position in shares of Global Self Storage in the fourth quarter valued at $66,000. PFG Investments LLC acquired a new position in Global Self Storage during the first quarter worth $103,000. Bailard Inc. bought a new stake in Global Self Storage during the fourth quarter worth $126,000. Finally, Ethos Financial Group LLC acquired a new stake in Global Self Storage in the first quarter valued at $129,000. Institutional investors own 28.88% of the company's stock.

Global Self Storage Company Profile

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.