Valueworks LLC lessened its holdings in Mesabi Trust (NYSE:MSB - Free Report) by 5.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 778,501 shares of the mining company's stock after selling 45,896 shares during the quarter. Mesabi Trust comprises approximately 7.3% of Valueworks LLC's investment portfolio, making the stock its largest holding. Valueworks LLC owned 5.93% of Mesabi Trust worth $21,884,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Mad River Investors grew its stake in Mesabi Trust by 0.6% in the 4th quarter. Mad River Investors now owns 294,901 shares of the mining company's stock valued at $8,290,000 after acquiring an additional 1,832 shares during the period. Kingsview Wealth Management LLC acquired a new stake in Mesabi Trust in the 4th quarter valued at $233,000. Atlas Wealth Partners LLC purchased a new position in Mesabi Trust in the 4th quarter valued at $202,000. Steward Partners Investment Advisory LLC lifted its holdings in Mesabi Trust by 47.2% in the 4th quarter. Steward Partners Investment Advisory LLC now owns 25,366 shares of the mining company's stock valued at $713,000 after purchasing an additional 8,133 shares in the last quarter. Finally, Raymond James Financial Inc. purchased a new position in Mesabi Trust in the 4th quarter valued at $560,000.
Wall Street Analyst Weigh In
Separately, Wall Street Zen downgraded Mesabi Trust from a "strong-buy" rating to a "buy" rating in a research report on Monday, April 28th.
View Our Latest Stock Report on Mesabi Trust
Mesabi Trust Trading Up 0.7%
MSB stock traded up $0.18 during trading on Friday, hitting $25.67. 16,879 shares of the company's stock were exchanged, compared to its average volume of 40,424. The business has a 50-day moving average price of $26.72 and a two-hundred day moving average price of $27.04. The stock has a market capitalization of $336.79 million, a price-to-earnings ratio of 3.66 and a beta of 0.70. Mesabi Trust has a 52-week low of $15.93 and a 52-week high of $37.00.
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 for the quarter. Mesabi Trust had a return on equity of 231.09% and a net margin of 93.80%. The company had revenue of $6.85 million during the quarter.
Mesabi Trust Announces Dividend
The firm also recently disclosed a dividend, which was paid on Tuesday, May 20th. Investors of record on Thursday, May 1st were issued a dividend of $0.56 per share. This represents a yield of 8.05%. The ex-dividend date of this dividend was Wednesday, April 30th. Mesabi Trust's dividend payout ratio is presently 31.50%.
Mesabi Trust 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.
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