Insider Trading Report: Global Self Storage (SELF)

Russell Burke, a director at Global Self Storage (SELF) recently picked up 1,800 shares. The buy increased his stake by just over 8 percent, and came to a total price of just over $23,000.

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  • This follows up on 5,000 shares bought by the company President and CEO over the two prior weeks. Over the past 3 years, insiders have only bought shares with no sales.

    Overall, insiders own just over 10.3 percent of the company.

    Shares of the small cap owner of self-storage units have slightly beaten the market in the past year. Strong real estate trends likely helped move shares higher. Revenue grew by 15 percent, and the company has a profit margin of nearly 20 percent.

    The business is a simple one, and the company has ample room to expand, potentially even being bought out by a bigger self-storage play down the line.

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  • Action to take: Shares are interesting here, given the simplicity of the business model and the high cash flow potential. That’s reflected in the stock’s dividend, which is currently at 4.8 percent.

    Traders will have to buy shares as well, as the small cap company has no options to trade. Given the sizeable yield and potential for shares to grow or get bought out, even traders may want to keep an eye for a move higher in this stock, which just a few months ago surged from a price around the current one to nearly $6.75, for a quick double-digit pop.

     

    Disclosure: The author of this article has no position in the company mentioned here, but may trade after the next 72 hours. The author receives no compensation from any of the companies mentioned in this article.

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