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Russell E. Burke III, a director at Global Self Storage, Inc. (NASDAQ:SELF), acquired 168 shares of the company's common stock on November 21, 2024. The shares were purchased at a price of $5.255 each, totaling approximately $882. Following this transaction, Burke's total direct ownership stands at 32,040 shares.
InvestingPro Insights
In light of Russell E. Burke III's recent share acquisition, it's worth examining some key financial metrics and insights for Global Self Storage, Inc. (NASDAQ:SELF). According to InvestingPro data, the company's market capitalization stands at $58.47 million, with a P/E ratio of 18.87, indicating a moderate valuation relative to earnings.
Global Self Storage has demonstrated profitability over the last twelve months, with a revenue of $12.32 million and a gross profit margin of 61.6%. This solid profitability is complemented by an attractive dividend yield of 5.46%, which may be of interest to income-focused investors.
InvestingPro Tips highlight that while the company operates with a moderate level of debt, its liquid assets exceed short-term obligations, suggesting a healthy balance sheet. This financial stability could provide the company with flexibility for future growth or to weather potential economic headwinds.
It's noteworthy that Global Self Storage has shown positive price performance across various timeframes, with a 19.9% year-to-date total return and a 22.13% one-year total return. This upward trajectory aligns with Burke's decision to increase his stake in the company.
For investors seeking a more comprehensive analysis, InvestingPro offers additional tips and insights beyond those mentioned here. In fact, there are 8 more InvestingPro Tips available for Global Self Storage, providing a deeper understanding of the company's financial health and market position.
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