Global Self Storage (NASDAQ:SELF) Upgraded to Hold at Wall Street Zen

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

Global Self Storage Price Performance

Shares of SELF stock traded up $0.10 during trading hours on Friday, reaching $5.75. The company had a trading volume of 35,068 shares, compared to its average volume of 21,707. Global Self Storage has a 12 month low of $4.60 and a 12 month high of $5.89. The business has a fifty day simple moving average of $5.20 and a 200-day simple moving average of $5.17. The company has a market cap of $65.19 million, a price-to-earnings ratio of 21.30 and a beta of 0.03.

Global Self Storage (NASDAQ:SELF - Get Free Report) last issued its quarterly 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 6.55% and a net margin of 25.47%.

Global Self Storage Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Monday, March 17th were given a dividend of $0.0725 per share. This represents a $0.29 dividend on an annualized basis and a dividend yield of 5.04%. The ex-dividend date of this dividend was Monday, March 17th. Global Self Storage's payout ratio is 138.10%.

Insider Activity at Global Self Storage

In other Global Self Storage news, CEO Mark Campbell Winmill purchased 10,000 shares of the firm'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 completion of the transaction, the chief executive officer now owns 322,838 shares of the company's stock, valued at $1,830,491.46. The trade was a 3.20% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. 7.97% of the stock is currently owned by company insiders.

Institutional Trading of Global Self Storage

Institutional investors and hedge funds have recently modified their holdings of the business. Financial Gravity Asset Management Inc. purchased a new stake in shares of Global Self Storage during the first quarter valued at approximately $32,000. Raymond James Financial Inc. purchased a new stake in Global Self Storage in the fourth quarter worth $66,000. PFG Investments LLC purchased a new stake in Global Self Storage in the first quarter worth $103,000. Bailard Inc. purchased a new stake in Global Self Storage in the fourth quarter worth $126,000. Finally, Ethos Financial Group LLC purchased a new stake in Global Self Storage in the first quarter worth $129,000. 28.88% of the stock is owned by hedge funds and other institutional investors.

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.