Benzinga - by Benzinga Insights, Benzinga Staff Writer.
Mark C. Winmill, President and CEO at Global Self Storage (NASDAQ:SELF), disclosed an insider purchase on March 26, based on a new SEC filing.
What Happened: In a recent Form 4 filing with the U.S. Securities and Exchange Commission on Tuesday, Winmill increased their investment in Global Self Storage by purchasing 54,193 shares through open-market transactions, signaling confidence in the company's potential. The total transaction value is $234,113.
During Wednesday's morning session, Global Self Storage shares down by 0.0%, currently priced at $4.43.
All You Need to Know About Global Self Storage Global Self Storage Inc is a self-administered and self-managed REIT that owns, operates, manages, acquires, develops 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. It has one segment of Rental operations. Through its wholly-owned subsidiaries, the company owns and/or manages close to 13 self-storage properties in Connecticut, Illinois, Indiana, New York, Ohio, Pennsylvania, South Carolina, and Oklahoma.
Global Self Storage: A Financial Overview Revenue Growth: Global Self Storage's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2023, the company achieved a revenue growth rate of approximately 0.13%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Real Estate sector, the company faces challenges, achieving a growth rate lower than the average among peers.
Profitability Metrics: Unlocking Value
- Gross Margin: The company faces challenges with a low gross margin of 62.36%, suggesting potential difficulties in cost control and profitability compared to its peers.
- Earnings per Share (EPS): Global Self Storage's EPS is below the industry average. The company faced challenges with a current EPS of 0.02. This suggests a potential decline in earnings.
Understanding Financial Valuation:
- Price to Earnings (P/E) Ratio: The Price to Earnings ratio of 22.15 is lower than the industry average, indicating potential undervaluation for the stock.
- Price to Sales (P/S) Ratio: With a P/S ratio of 4.0 below industry standards, the stock shows potential undervaluation, making it an appealing investment option for those focusing on sales performance.
- EV/EBITDA Analysis (Enterprise Value to its Earnings Before Interest, Taxes, Depreciation & Amortization): Global Self Storage's EV/EBITDA ratio at 12.13 suggests potential undervaluation, falling below industry averages.
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Unmasking the Significance of Insider Transactions While insider transactions should not be the sole basis for making investment decisions, they can play a significant role in an investor's decision-making process.
From a legal standpoint, the term "insider" pertains to any officer, director, or beneficial owner holding more than ten percent of a company's equity securities as outlined in Section 12 of the Securities Exchange Act of 1934. This encompasses executives in the c-suite and significant hedge funds. These insiders are mandated to inform the public of their transactions through a Form 4 filing, to be submitted within two business days of the transaction.
A company insider's new purchase is a indicator of their positive anticipation for a rise in the stock.
While insider sells may not necessarily reflect a bearish view and can be motivated by various factors.
Understanding Crucial Transaction Codes Delving into transactions, investors typically prioritize those unfolding in the open market, as precisely outlined in Table I of the Form 4 filing. A P in Box 3 indicates a purchase, while S signifies a sale. Transaction code C signals the conversion of an option, and transaction code A denotes a grant, award, or other acquisition of securities from the company.
Check Out The Full List Of Global Self Storage's Insider Trades.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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