EagleClaw Capital Managment LLC Has $4.49 Million Holdings in Mesabi Trust (NYSE:MSB)

EagleClaw Capital Managment LLC lifted its position in shares of Mesabi Trust (NYSE:MSB - Free Report) by 13.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 165,225 shares of the mining company's stock after acquiring an additional 19,500 shares during the period. EagleClaw Capital Managment LLC owned about 1.26% of Mesabi Trust worth $4,494,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Bank of America Corp DE grew its stake in shares of Mesabi Trust by 613.0% in the fourth quarter. Bank of America Corp DE now owns 247,925 shares of the mining company's stock worth $6,969,000 after purchasing an additional 213,155 shares in the last quarter. Lido Advisors LLC bought a new position in shares of Mesabi Trust in the fourth quarter worth $2,243,000. NBC Securities Inc. grew its stake in shares of Mesabi Trust by 113,440.0% in the first quarter. NBC Securities Inc. now owns 34,062 shares of the mining company's stock worth $926,000 after purchasing an additional 34,032 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Mesabi Trust in the fourth quarter worth $560,000. Finally, Exchange Traded Concepts LLC bought a new position in shares of Mesabi Trust in the first quarter worth $251,000.

Wall Street Analysts Forecast Growth

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

Mesabi Trust Trading Up 0.0%

MSB stock traded up $0.01 during trading hours on Friday, hitting $29.27. 41,527 shares of the stock traded hands, compared to its average volume of 52,363. The stock has a 50-day simple moving average of $25.76 and a 200 day simple moving average of $26.58. Mesabi Trust has a one year low of $15.93 and a one year high of $37.00. The company has a market cap of $383.96 million, a P/E ratio of 4.11 and a beta of 0.54.

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

Mesabi Trust Cuts Dividend

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

About Mesabi Trust

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.