CWA Asset Management Group LLC Increases Stock Holdings in Mesabi Trust $MSB

Key Points

• CWA Asset Management Group LLC boosted its stake in Mesabi Trust by 41.8% in Q4, adding 67,326 shares to hold 228,244 shares (1.74% of the company) valued at about $8.79 million.
• Other institutional activity was mixed: Horizon Kinetics holds a large position of 2,960,590 shares (~$70.94M), while RBC, Acadian, Geode and Russell Investments made smaller additions or new purchases.
• Mesabi Trust (MSB) has a market cap of $385.8M, a P/E of 22.45 and a 52‑week range of $22.55–$42.38; it paid a $0.26 quarterly dividend (annualized $1.04, yield 3.5%, DPR 79.39%) and carries an average analyst rating of Hold (Weiss Ratings reaffirmed “hold (c)”).

CWA Asset Management Group LLC boosted its stake in Mesabi Trust (NYSE:MSB - Free Report) by 41.8% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 228,244 shares of the mining company's stock after acquiring an additional 67,326 shares during the period. CWA Asset Management Group LLC owned 1.74% of Mesabi Trust worth $8,790,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in the stock. Royal Bank of Canada lifted its position in shares of Mesabi Trust by 14.1% in the 1st quarter. Royal Bank of Canada now owns 26,662 shares of the mining company's stock worth $725,000 after purchasing an additional 3,303 shares during the period. Acadian Asset Management LLC purchased a new position in shares of Mesabi Trust during the first quarter valued at about $44,000. Geode Capital Management LLC purchased a new position in shares of Mesabi Trust during the second quarter valued at about $265,000. Horizon Kinetics Asset Management LLC raised its stake in Mesabi Trust by 2.0% in the second quarter. Horizon Kinetics Asset Management LLC now owns 2,960,590 shares of the mining company's stock worth $70,936,000 after buying an additional 58,895 shares in the last quarter. Finally, Russell Investments Group Ltd. lifted its holdings in 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 buying an additional 3,914 shares during the period.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reaffirmed a "hold (c)" rating on shares of Mesabi Trust in a research report on Monday, December 29th. One investment analyst has rated the stock with a Hold rating, According to MarketBeat.com, Mesabi Trust currently has an average rating of "Hold".

Mesabi Trust Stock Performance

Shares of MSB stock opened at $29.41 on Friday. The company has a market capitalization of $385.79 million, a price-to-earnings ratio of 22.45 and a beta of 0.56. Mesabi Trust has a one year low of $22.55 and a one year high of $42.38. The company's 50-day moving average is $33.92 and its 200 day moving average is $33.70.

Mesabi Trust Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, February 20th. Investors of record on Friday, January 30th were given a dividend of $0.26 per share. The ex-dividend date of this dividend was Friday, January 30th. This represents a $1.04 annualized dividend and a dividend yield of 3.5%. Mesabi Trust's dividend payout ratio (DPR) is 79.39%.

Mesabi Trust 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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