Mark Campbell Winmill Buys 3,658 Shares of Global Self Storage (NASDAQ:SELF) Stock

Key Points

• CEO Mark Winmill purchased 3,658 Global Self Storage shares at an average price of $5.16, investing $18,875.28 and increasing his direct holdings by 0.99% to 372,240 shares. He also bought an additional 342 shares in a separate transaction.
• Global Self Storage reported quarterly EPS of $0.07, exceeding the $0.06 consensus estimate, while revenue of $3.21 million also topped expectations.
• The company declared a quarterly dividend of $0.0725 per share, equivalent to $0.29 annually and a 5.7% yield. Weiss Ratings upgraded the stock to “buy,” while institutional ownership stands at 28.88%.

Global Self Storage, Inc. (NASDAQ:SELF - Get Free Report) CEO Mark Winmill purchased 3,658 shares of the stock in a transaction dated Wednesday, September 9th. The shares were acquired at an average cost of $5.16 per share, with a total value of $18,875.28. Following the acquisition, the chief executive officer directly owned 372,240 shares in the company, valued at $1,920,758.40. This represents a 0.99% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Mark Campbell Winmill also recently made the following trade(s):

• On Thursday, September 10th, Mark Winmill purchased 342 shares of Global Self Storage stock. The stock was purchased at an average price of $5.16 per share, with a total value of $1,764.72.

Global Self Storage Trading Down 0.6%

NASDAQ:SELF traded down $0.03 during mid-day trading on Friday, hitting $5.12. 10,089 shares of the company's stock were exchanged, compared to its average volume of 26,821. Global Self Storage, Inc. has a fifty-two week low of $4.73 and a fifty-two week high of $5.75. The firm has a market capitalization of $58.48 million and a P/E ratio of 28.44. The company has a 50 day simple moving average of $5.23 and a 200-day simple moving average of $5.21.

Global Self Storage (NASDAQ:SELF - Get Free Report) last released its quarterly earnings results on Friday, August 7th. The financial services provider reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.01. The firm had revenue of $3.21 million during the quarter, compared to analyst estimates of $3.15 million. Global Self Storage had a net margin of 16.64% and a return on equity of 4.57%.

Global Self Storage Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Wednesday, September 16th will be given a dividend of $0.0725 per share. The ex-dividend date of this dividend is Wednesday, September 16th. This represents a $0.29 annualized dividend and a dividend yield of 5.7%. Global Self Storage's dividend payout ratio (DPR) is currently 161.11%.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Winmill & CO. Inc. purchased a new position in shares of Global Self Storage during the second quarter worth about $3,073,000. BlackRock Inc. bought a new position in shares of Global Self Storage in the second quarter worth approximately $2,083,000. Easterly Investment Partners LLC purchased a new stake in Global Self Storage in the fourth quarter valued at approximately $250,000. Citadel Advisors LLC purchased a new stake in Global Self Storage in the third quarter valued at approximately $197,000. Finally, AlphaCentric Advisors LLC bought a new stake in Global Self Storage during the fourth quarter valued at approximately $180,000. 28.88% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Weiss Ratings raised Global Self Storage from a "hold (c+)" rating to a "buy (b-)" rating in a report on Thursday, August 13th. One equities research analyst has rated the stock with a Buy rating, According to MarketBeat, Global Self Storage currently has an average rating of "Buy".

About Global Self Storage

Global Self Storage, Inc NASDAQ: SELF is a publicly traded real estate investment trust (REIT) specializing in the ownership, operation and acquisition of self storage properties across the United States. Headquartered in Denver, Colorado, the company focuses on delivering storage solutions tailored to both personal and commercial customers. Since its formation in 2012, Global Self Storage has built a diversified portfolio designed to meet a range of storage needs—from climate-controlled units to vehicle and business storage options.

The company's primary business activities include the development of new facilities, the strategic acquisition of existing properties and the repositioning of underperforming assets.

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