Rep. Gilbert Ray Cisneros, Jr. Buys Shares of Mesabi Trust (NYSE:MSB)

Key Points

• Rep. Gilbert Ray Cisneros Jr. purchased $15,001–$50,000 of Mesabi Trust shares on July 31, according to a filing disclosed September 4. He also made several other stock purchases and sales in late July.
• Mesabi Trust shares opened at $23.73, with a market capitalization of about $311 million and a 52-week range of $21.60 to $42.38. The company reported quarterly earnings of $0.08 per share on $2.25 million in revenue.
• The trust paid a quarterly dividend of $0.05 per share, representing a $0.20 annualized dividend and 0.8% yield. Analysts maintain a “Hold” consensus, while several institutional investors recently increased or initiated positions.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Mesabi Trust (NYSE:MSB). In a filing disclosed on September 04th, the Representative disclosed that they had bought between $15,001 and $50,000 in Mesabi Trust stock on July 31st. The trade occurred in the Representative's "150 MAIN STREET TRUST > WELLS FARGO ADVISORS" account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 - $15,000 in shares of Praxis Precision Medicines NASDAQ: PRAX on 7/30/2026.
• Purchased $15,001 - $50,000 in shares of Alkermes NASDAQ: ALKS on 7/30/2026.
• Sold $15,001 - $50,000 in shares of Crinetics Pharmaceuticals NASDAQ: CRNX on 7/30/2026.
• Sold $100,001 - $250,000 in shares of Alibaba Group NYSE: BABA on 7/24/2026.
• Sold $1,001 - $15,000 in shares of Adobe NASDAQ: ADBE on 7/24/2026.
• Sold $1,001 - $15,000 in shares of Viavi Solutions NASDAQ: VIAV on 7/21/2026.
• Purchased $1,001 - $15,000 in shares of SailPoint NASDAQ: SAIL on 7/21/2026.
• Purchased $1,001 - $15,000 in shares of Glacier Bancorp NYSE: GBCI on 7/21/2026.
• Sold $1,001 - $15,000 in shares of FedEx NYSE: FDX on 7/21/2026.
• Purchased $1,001 - $15,000 in shares of Marvell Technology NASDAQ: MRVL on 7/17/2026.

Mesabi Trust Stock Performance

Shares of MSB stock opened at $23.73 on Tuesday. The stock has a fifty day moving average price of $23.79 and a 200 day moving average price of $27.03. The stock has a market cap of $311.27 million, a PE ratio of 27.59 and a beta of 0.34. Mesabi Trust has a 1 year low of $21.60 and a 1 year high of $42.38.

Mesabi Trust (NYSE:MSB - Get Free Report) last posted its earnings results on Friday, June 12th. The mining company reported $0.08 earnings per share for the quarter. The company had revenue of $2.25 million for the quarter. Mesabi Trust had a return on equity of 54.83% and a net margin of 75.32%.

Mesabi Trust Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, August 20th. Investors of record on Thursday, July 30th were issued a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, July 30th. This represents a $0.20 annualized dividend and a yield of 0.8%. Mesabi Trust's payout ratio is currently 23.26%.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Mesabi Trust in a report on Wednesday, September 2nd. One investment analyst has rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of "Hold".

Hedge Funds Weigh In On Mesabi Trust

Institutional investors have recently modified their holdings of the company. Royal Bank of Canada grew its holdings in Mesabi Trust by 14.1% in the 1st quarter. Royal Bank of Canada now owns 26,662 shares of the mining company's stock valued at $725,000 after buying an additional 3,303 shares during the period. Acadian Asset Management LLC acquired a new position in shares of Mesabi Trust during the 1st quarter valued at about $44,000. Geode Capital Management LLC purchased a new position in shares of Mesabi Trust during the 2nd quarter worth about $265,000. Russell Investments Group Ltd. boosted its position in shares of Mesabi Trust by 29.8% in the second quarter. Russell Investments Group Ltd. now owns 17,042 shares of the mining company's stock worth $408,000 after acquiring an additional 3,914 shares during the last quarter. Finally, NewEdge Advisors LLC grew its holdings in Mesabi Trust by 57.3% in the second quarter. NewEdge Advisors LLC now owns 1,612 shares of the mining company's stock valued at $39,000 after purchasing an additional 587 shares during the period.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California's 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027. Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California's 31st Congressional District. He declared candidacy for the 2026 election. Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor's degree in political science from George Washington University in 1994, a master's in business administration from Regis University in 2002, and a master's degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

Mesabi Trust Company Profile

Mesabi Trust NYSE: MSB is a passive royalty trust that holds royalty interests in iron ore properties located on Minnesota's Mesabi Iron Range. The trust does not engage in mining operations directly but receives royalty payments based on the volume of iron ore shipped from the underlying properties. These payments are derived from production of iron ore concentrate and taconite pellets sold to domestic and international steel producers.

Established in December 2011, Mesabi Trust was formed through the consolidation of royalty interests contributed by several mining companies.

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