Two Sigma Advisers LP lessened its holdings in Mesabi Trust (NYSE:MSB - Free Report) by 32.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 32,900 shares of the mining company's stock after selling 15,900 shares during the quarter. Two Sigma Advisers LP owned 0.25% of Mesabi Trust worth $925,000 at the end of the most recent reporting period.
Several other institutional investors have also added to or reduced their stakes in the business. Marshall Wace LLP raised its position in Mesabi Trust by 11.2% during the fourth quarter. Marshall Wace LLP now owns 15,071 shares of the mining company's stock valued at $424,000 after acquiring an additional 1,522 shares in the last quarter. Atlas Wealth Partners LLC acquired a new position in shares of Mesabi Trust in the 4th quarter valued at $202,000. Ameriprise Financial Inc. acquired a new position in shares of Mesabi Trust in the 4th quarter valued at $205,000. Heron Bay Capital Management acquired a new position in shares of Mesabi Trust in the 4th quarter valued at $204,000. Finally, Bank of Montreal Can purchased a new stake in shares of Mesabi Trust in the 4th quarter valued at $208,000.
Mesabi Trust Stock Performance
Mesabi Trust stock traded down $0.62 during mid-day trading on Thursday, reaching $26.18. 28,578 shares of the company were exchanged, compared to its average volume of 40,985. Mesabi Trust has a twelve month low of $15.93 and a twelve month high of $37.00. The firm's 50-day simple moving average is $26.41 and its two-hundred day simple moving average is $27.03. The firm has a market cap of $343.48 million, a PE ratio of 3.73 and a beta of 0.56.
Mesabi Trust (NYSE:MSB - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The mining company reported $0.46 earnings per share (EPS) for the quarter. The firm had revenue of $6.85 million during the quarter. Mesabi Trust had a return on equity of 231.09% and a net margin of 93.80%.
Mesabi Trust Dividend Announcement
The company also recently announced a dividend, which was paid on Tuesday, May 20th. Investors of record on Thursday, May 1st were issued a $0.56 dividend. This represents a yield of 8.05%. The ex-dividend date was Wednesday, April 30th. Mesabi Trust's payout ratio is currently 31.50%.
Wall Street Analyst Weigh In
Separately, Wall Street Zen downgraded Mesabi Trust from a "strong-buy" rating to a "buy" rating in a report on Monday, April 28th.
Read Our Latest Stock Analysis on Mesabi Trust
Mesabi Trust Company Profile
(
Free Report)
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.
See Also
Before you consider Mesabi Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mesabi Trust wasn't on the list.
While Mesabi Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Learn the basics of options trading and how to use them to boost returns and manage risk with this free report from MarketBeat. Click the link below to get your free copy.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
