Mesabi Trust (NYSE:MSB - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday.
Mesabi Trust Price Performance
NYSE MSB opened at $25.70 on Friday. Mesabi Trust has a 12 month low of $15.93 and a 12 month high of $37.00. The firm has a market capitalization of $337.18 million, a PE ratio of 3.67 and a beta of 0.56. The company's 50 day simple moving average is $26.49 and its 200 day simple moving average is $27.04.
Mesabi Trust (NYSE:MSB - Get Free Report) last announced its quarterly earnings data on Thursday, June 12th. The mining company reported $0.28 earnings per share for the quarter. Mesabi Trust had a return on equity of 231.09% and a net margin of 93.80%. The business had revenue of $4.74 million during the quarter.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. Kingsview Wealth Management LLC bought a new stake in shares of Mesabi Trust during the 4th quarter worth $233,000. Steward Partners Investment Advisory LLC raised its holdings in Mesabi Trust by 47.2% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 25,366 shares of the mining company's stock worth $713,000 after buying an additional 8,133 shares during the period. Raymond James Financial Inc. acquired a new stake in Mesabi Trust during the 4th quarter worth about $560,000. OFI Invest Asset Management purchased a new stake in Mesabi Trust during the fourth quarter valued at about $988,000. Finally, Moors & Cabot Inc. boosted its holdings in shares of Mesabi Trust by 7.2% in the fourth quarter. Moors & Cabot Inc. now owns 533,942 shares of the mining company's stock worth $15,009,000 after buying an additional 36,029 shares during the period.
About Mesabi Trust
(
Get 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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