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

Global Self Storage (NASDAQ:SELF - Get Free Report) was downgraded by investment analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued to investors on Saturday.

Global Self Storage Stock Up 0.9%

Shares of NASDAQ:SELF opened at $5.38 on Friday. The firm has a market capitalization of $61.01 million, a PE ratio of 25.62 and a beta of 0.04. Global Self Storage has a twelve month low of $4.70 and a twelve month high of $5.89. The company has a 50-day moving average price of $5.47 and a two-hundred day moving average price of $5.24.

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 EPS for the quarter. Global Self Storage had a net margin of 19.12% and a return on equity of 5.07%. The company had revenue of $3.13 million during the quarter.

Insider Activity at Global Self Storage

In other news, CEO Mark Campbell Winmill bought 10,000 shares of the business's stock in a transaction dated Monday, May 19th. The shares were purchased at an average price of $5.67 per share, for a total transaction of $56,700.00. Following the completion of the acquisition, the chief executive officer owned 322,838 shares of the company's stock, valued at approximately $1,830,491.46. This trade represents a 3.20% increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Company insiders own 7.97% of the company's stock.

Institutional Trading of Global Self Storage

Several large investors have recently added to or reduced their stakes in SELF. Crossingbridge Advisors LLC boosted its holdings in shares of Global Self Storage by 49.8% during the 4th quarter. Crossingbridge Advisors LLC now owns 151,325 shares of the financial services provider's stock valued at $807,000 after buying an additional 50,295 shares in the last quarter. Winmill & CO. Inc. boosted 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 valued at $2,451,000 after buying an additional 35,096 shares in the last quarter. Ethos Financial Group LLC bought a new stake in shares of Global Self Storage during the 1st quarter valued at $129,000. PFG Investments LLC bought a new stake in shares of Global Self Storage during the 1st quarter valued at $103,000. Finally, Raymond James Financial Inc. purchased a new position in shares of Global Self Storage in the 4th quarter worth about $66,000. Institutional investors 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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