Wall Street Zen upgraded shares of Global Self Storage (NASDAQ:SELF - Free Report) from a hold rating to a buy rating in a report released on Sunday morning.
Global Self Storage Stock Performance
NASDAQ SELF traded up $0.02 on Friday, reaching $5.72. 16,321 shares of the company's stock traded hands, compared to its average volume of 21,564. Global Self Storage has a fifty-two week low of $4.60 and a fifty-two week high of $6.02. The firm has a market cap of $64.85 million, a price-to-earnings ratio of 21.19 and a beta of 0.03. The stock has a 50 day moving average price of $5.25 and a 200-day moving average price of $5.18.
Global Self Storage (NASDAQ:SELF - Get Free Report) last released its quarterly earnings data on Friday, May 9th. The financial services provider reported $0.10 earnings per share for the quarter. The business 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 Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Monday, June 16th will be issued a $0.0725 dividend. This represents a $0.29 dividend on an annualized basis and a yield of 5.07%. The ex-dividend date is Monday, June 16th. Global Self Storage's payout ratio is presently 138.10%.
Insiders Place Their Bets
In other news, CEO Mark Campbell Winmill acquired 10,000 shares of the firm's stock in a transaction on Monday, May 19th. The stock was acquired at an average price of $5.67 per share, for a total transaction of $56,700.00. Following the completion of the transaction, the chief executive officer now owns 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 the SEC website. Insiders own 7.97% of the company's stock.
Institutional Trading of Global Self Storage
Several institutional investors have recently bought and sold shares of SELF. AlphaCentric Advisors LLC purchased a new position in Global Self Storage in the 4th quarter valued at about $270,000. Crossingbridge Advisors LLC boosted its holdings 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 valued at $807,000 after purchasing an additional 50,295 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Global Self Storage in the 4th quarter valued at approximately $66,000. Bailard Inc. acquired a new position in Global Self Storage in the fourth quarter valued at approximately $126,000. Finally, Winmill & CO. Inc. grew its holdings in shares of Global Self Storage by 8.3% during the 4th quarter. Winmill & CO. Inc. now owns 459,762 shares of the financial services provider's stock worth $2,451,000 after purchasing an additional 35,096 shares during the period. 28.88% of the stock is owned by institutional investors and hedge funds.
About Global Self Storage
(
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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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