Winmill & CO. Inc. Buys Shares of 586,500 Global Self Storage, Inc. $SELF

Winmill & CO. Inc. purchased a new position in Global Self Storage, Inc. (NASDAQ:SELF) during the 2nd quarter, Holdings Channel reports. The fund purchased 586,500 shares of the financial services provider’s stock, valued at approximately $3,073,000. Global Self Storage comprises 0.7% of Winmill & CO. Inc.’s holdings, making the stock its 26th largest holding. Winmill & CO. Inc. owned about 0.05% of Global Self Storage as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of the business. BlackRock Inc. bought a new stake in shares of Global Self Storage during the 2nd quarter valued at $2,083,000. Geode Capital Management LLC raised its holdings in Global Self Storage by 2.0% in the 4th quarter. Geode Capital Management LLC now owns 144,144 shares of the financial services provider’s stock worth $735,000 after purchasing an additional 2,867 shares during the period. Dimensional Fund Advisors LP lifted its position in Global Self Storage by 3.4% during the third quarter. Dimensional Fund Advisors LP now owns 61,131 shares of the financial services provider’s stock valued at $307,000 after purchasing an additional 2,032 shares in the last quarter. Easterly Investment Partners LLC purchased a new position in Global Self Storage during the fourth quarter valued at $250,000. Finally, Cetera Investment Advisers lifted its position in Global Self Storage by 158.3% during the second quarter. Cetera Investment Advisers now owns 45,552 shares of the financial services provider’s stock valued at $243,000 after purchasing an additional 27,914 shares in the last quarter. Hedge funds and other institutional investors own 28.88% of the company’s stock.

Wall Street Analyst Weigh In

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

Global Self Storage Stock Performance

NASDAQ SELF opened at $5.55 on Monday. Global Self Storage, Inc. has a 12 month low of $4.73 and a 12 month high of $5.63. The stock has a market cap of $63.39 million and a price-to-earnings ratio of 30.83. The company’s 50 day moving average is $5.18 and its two-hundred day moving average is $5.18.

Global Self Storage (NASDAQ:SELF) last posted its quarterly earnings results on Friday, August 7th. The financial services provider reported $0.07 earnings per share for the quarter, topping analysts’ consensus estimates of $0.06 by $0.01. The business 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 Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Monday, June 15th were given a dividend of $0.0725 per share. This represents a $0.29 annualized dividend and a dividend yield of 5.2%. The ex-dividend date was Monday, June 15th. Global Self Storage’s dividend payout ratio (DPR) is presently 161.11%.

Global Self Storage Profile

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.