Global Self Storage, Inc. (NASDAQ:SELF), a real estate investment trust specializing in self-storage facilities, has reported a series of stock purchases by its President and CEO, Mark C. Winmill. According to the latest filings, Winmill acquired shares of the company's common stock with a total value of $113,582.
The transactions, all recorded on May 28 and May 30, 2024, saw Winmill purchasing a total of 24,899 shares at prices ranging from $4.8999 to $4.9687. The largest single purchase was for 20,000 shares at a price of $4.9687 per share.
Following these acquisitions, Winmill's total ownership in Global Self Storage has increased, reflecting a strong vote of confidence in the company's future from its top executive. The purchases are part of a series of transactions by the CEO, as detailed in the company's regulatory filings.
Investors often look to insider buying as a positive indicator, as it may suggest that company executives believe in the firm's potential for growth and are willing to invest their own money in its stock. For Global Self Storage, these recent purchases by the CEO might be seen as a reaffirmation of the leadership's commitment to the company's success.
Global Self Storage has been known by several names in the past, including Self Storage Group, Inc. and Global Income Fund, Inc., before adopting its current name. The company is incorporated in Maryland and has its business address in Millbrook, NY.
As of the date of the filing, the company's stock trades on the NASDAQ exchange under the ticker symbol SELF. Interested parties can find more detailed information about the transactions in the company's regulatory filings.
InvestingPro Insights
Amidst the backdrop of insider buying at Global Self Storage, Inc. (NASDAQ:SELF), a closer look at the company's financial health through InvestingPro data and tips can provide investors with a broader perspective. With a market capitalization of $55.51 million, Global Self Storage is positioned in the market as a modest-sized player. The company's price-to-earnings (P/E) ratio stands at 25.15, which may offer insights into how the market currently values its earnings.
The company's revenue for the last twelve months as of Q1 2024 amounted to $12.19 million, with a slight revenue growth of 0.2%. Gross profit during the same period was $7.53 million, translating to a gross profit margin of 61.77%, which suggests that the company maintains a strong ability to retain earnings after the cost of goods sold. Despite a modest decrease in EBITDA growth of -15.24%, the company's solid gross profit margin indicates a sustainable operational efficiency.
InvestingPro Tips highlight several positive aspects of Global Self Storage's financial position. Notably, the company's liquid assets exceed short-term obligations, which may reassure investors of the company's ability to meet its immediate liabilities. Additionally, Global Self Storage operates with a moderate level of debt, which could be seen as a prudent approach to leverage and risk management. The company has also delivered strong returns over the last three months, with a 16.11% price total return, which may be of particular interest to potential investors.
For those considering a deeper dive into the company's prospects, InvestingPro offers a wealth of additional tips to help make informed decisions. With a total of five additional InvestingPro Tips available, investors can gain a comprehensive understanding of Global Self Storage's financial and operational status. To access these insights and more, visit https://www.investing.com/pro/SELF and remember to use the coupon code PRONEWS24 to get an additional 10% off a yearly or biyearly Pro and Pro+ subscription.
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