Mesabi Trust (NYSE:MSB) Shares Acquired by EagleClaw Capital Managment LLC

Key Points

• EagleClaw Capital Management LLC increased its holdings in Mesabi Trust by 13.4%, owning 165,225 shares valued at approximately $4.5 million as of the latest SEC filing.
• Mesabi Trust announced a dividend decrease, declaring a $0.12 dividend with a yield of 187.0%, reflecting a payout ratio of 6.74%.
• Analysts at Wall Street Zen have revised their rating for Mesabi Trust from "buy" to "hold" in a recent research report.

EagleClaw Capital Managment LLC boosted its stake in Mesabi Trust (NYSE:MSB - Free Report) by 13.4% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 165,225 shares of the mining company's stock after purchasing an additional 19,500 shares during the period. EagleClaw Capital Managment LLC owned approximately 1.26% of Mesabi Trust worth $4,494,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. Golden State Wealth Management LLC lifted its position in Mesabi Trust by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 1,000 shares of the mining company's stock valued at $27,000 after acquiring an additional 500 shares during the last quarter. Ameriprise Financial Inc. acquired a new stake in Mesabi Trust during the fourth quarter valued at $205,000. Bank of Montreal Can acquired a new position in Mesabi Trust during the fourth quarter worth about $208,000. Atlas Wealth Partners LLC boosted its position in Mesabi Trust by 11.5% during the first quarter. Atlas Wealth Partners LLC now owns 8,057 shares of the mining company's stock worth $217,000 after acquiring an additional 830 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC purchased a new position in Mesabi Trust during the fourth quarter worth about $228,000.

Mesabi Trust Price Performance

Shares of MSB stock traded up $1.31 during mid-day trading on Monday, hitting $30.60. The stock had a trading volume of 19,264 shares, compared to its average volume of 57,330. Mesabi Trust has a fifty-two week low of $15.93 and a fifty-two week high of $37.00. The firm has a market cap of $401.47 million, a PE ratio of 4.30 and a beta of 0.57. The company's 50-day simple moving average is $25.76 and its 200-day simple moving average is $26.56.

Mesabi Trust (NYSE:MSB - Get Free Report) last issued its quarterly earnings results on Thursday, June 12th. The mining company reported $0.28 EPS for the quarter. The business had revenue of $4.74 million during the quarter. Mesabi Trust had a net margin of 96.23% and a return on equity of 233.00%.

Mesabi Trust Cuts Dividend

The business also recently declared a dividend, which will be paid on Wednesday, August 20th. Investors of record on Thursday, July 31st will be issued a $0.12 dividend. The ex-dividend date of this dividend is Wednesday, July 30th. This represents a yield of 187.0%. Mesabi Trust's dividend payout ratio is currently 6.74%.

Analysts Set New Price Targets

Separately, Wall Street Zen cut shares of Mesabi Trust from a "buy" rating to a "hold" rating in a report on Saturday, June 14th.

Mesabi Trust Profile

Mesabi Trust, a royalty trust, engages in iron ore mining business in the United States. Mesabi Trust was founded in 1961 and is based in New York, New York.