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

Two Sigma Investments LP trimmed its stake in shares of Mesabi Trust (NYSE:MSB - Free Report) by 40.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 26,983 shares of the mining company's stock after selling 18,549 shares during the quarter. Two Sigma Investments LP owned about 0.21% of Mesabi Trust worth $758,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the business. Atlas Wealth Partners LLC purchased a new position in Mesabi Trust during the fourth quarter worth $202,000. Heron Bay Capital Management purchased a new position in Mesabi Trust during the fourth quarter worth $204,000. Ameriprise Financial Inc. purchased a new position in Mesabi Trust during the fourth quarter worth $205,000. Bank of Montreal Can purchased a new position in Mesabi Trust during the fourth quarter worth $208,000. Finally, Kingsview Wealth Management LLC purchased a new stake in shares of Mesabi Trust in the fourth quarter valued at $233,000.

Wall Street Analyst Weigh In

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

Mesabi Trust Stock Performance

Shares of NYSE MSB traded down $0.17 during midday trading on Wednesday, reaching $26.38. 12,532 shares of the company's stock were exchanged, compared to its average volume of 41,167. The stock has a market capitalization of $346.11 million, a PE ratio of 3.76 and a beta of 0.56. Mesabi Trust has a 52-week low of $15.93 and a 52-week high of $37.00. The business's fifty day moving average price is $26.44 and its two-hundred day moving average price is $27.04.

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 business 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 Announces Dividend

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