PFG Investments LLC Makes New $103,000 Investment in Global Self Storage, Inc. (NASDAQ:SELF)

PFG Investments LLC bought a new position in shares of Global Self Storage, Inc. (NASDAQ:SELF) during the first quarter, HoldingsChannel.com reports. The institutional investor bought 20,355 shares of the financial services provider’s stock, valued at approximately $103,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Baker Ellis Asset Management LLC raised its stake in shares of Global Self Storage by 16.7% in the 1st quarter. Baker Ellis Asset Management LLC now owns 28,000 shares of the financial services provider’s stock worth $141,000 after buying an additional 4,000 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in Global Self Storage in the 4th quarter worth about $66,000. Bailard Inc. acquired a new stake in shares of Global Self Storage during the fourth quarter worth approximately $126,000. 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 valued at $2,451,000 after acquiring an additional 35,096 shares in the last quarter. Finally, Crossingbridge Advisors LLC raised its stake 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 worth $807,000 after purchasing an additional 50,295 shares in the last quarter. 28.88% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded shares of Global Self Storage from a “hold” rating to a “buy” rating in a report on Sunday, June 1st.

Insider Transactions at Global Self Storage

In related news, CEO Mark Campbell Winmill purchased 10,000 shares of the business’s stock in a transaction on Monday, May 19th. The shares were purchased at an average price of $5.67 per share, with a total value of $56,700.00. Following the completion of the purchase, the chief executive officer now owns 322,838 shares in the company, valued at $1,830,491.46. This represents a 3.20% increase in their position. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders own 7.97% of the company’s stock.

Global Self Storage Trading Down 0.9%

SELF opened at $5.29 on Friday. Global Self Storage, Inc. has a 1 year low of $4.65 and a 1 year high of $5.89. The stock has a market cap of $59.99 million, a PE ratio of 25.19 and a beta of 0.05. The stock’s 50 day simple moving average is $5.43 and its 200-day simple moving average is $5.23.

Global Self Storage (NASDAQ:SELF) last posted its quarterly earnings data on Friday, May 9th. The financial services provider reported $0.10 earnings per share for the quarter. The firm had revenue of $3.13 million during the quarter. Global Self Storage had a net margin of 19.12% and a return on equity of 5.07%.

Global Self Storage Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Monday, June 16th will be given a $0.0725 dividend. The ex-dividend date of this dividend is Monday, June 16th. This represents a $0.29 dividend on an annualized basis and a dividend yield of 5.48%. Global Self Storage’s dividend payout ratio is 138.10%.

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.