Two Sigma Investments LP Has $758,000 Stake in Mesabi Trust (NYSE:MSB)

Two Sigma Investments LP trimmed its position in shares of Mesabi Trust (NYSE:MSB - Free Report) by 40.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,983 shares of the mining company's stock after selling 18,549 shares during the period. Two Sigma Investments LP owned 0.21% of Mesabi Trust worth $758,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in MSB. Bank of America Corp DE increased its holdings in Mesabi Trust by 613.0% during the fourth quarter. Bank of America Corp DE now owns 247,925 shares of the mining company's stock worth $6,969,000 after buying an additional 213,155 shares during the last quarter. Horizon Kinetics Asset Management LLC boosted its position in Mesabi Trust by 6.9% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 2,843,010 shares of the mining company's stock worth $79,917,000 after purchasing an additional 183,387 shares during the period. Lido Advisors LLC bought a new position in Mesabi Trust during the fourth quarter worth $2,243,000. OFI Invest Asset Management bought a new position in Mesabi Trust during the fourth quarter worth $988,000. Finally, Moors & Cabot Inc. boosted its position in Mesabi Trust by 7.2% during the fourth quarter. Moors & Cabot Inc. now owns 533,942 shares of the mining company's stock worth $15,009,000 after purchasing an additional 36,029 shares during the period.

Wall Street Analysts Forecast Growth

Separately, Wall Street Zen cut shares of Mesabi Trust from a "strong-buy" rating to a "buy" rating in a research report on Monday, April 28th.

Mesabi Trust Price Performance

MSB stock opened at $26.43 on Friday. The company has a fifty day moving average price of $26.39 and a two-hundred day moving average price of $27.04. Mesabi Trust has a one year low of $15.93 and a one year high of $37.00. The stock has a market cap of $346.76 million, a price-to-earnings ratio of 3.77 and a beta of 0.56.

Mesabi Trust (NYSE:MSB - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The mining company reported $0.46 EPS for the quarter. The firm had revenue of $6.85 million during the quarter. Mesabi Trust had a net margin of 93.80% and a return on equity of 231.09%.

Mesabi Trust Announces Dividend

The firm also recently announced a dividend, which was paid on Tuesday, May 20th. Stockholders of record on Thursday, May 1st were given a $0.56 dividend. The ex-dividend date of this dividend was Wednesday, April 30th. This represents a dividend yield of 8.05%. Mesabi Trust's payout ratio is presently 31.50%.

Mesabi Trust Company 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.

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