Mesabi Trust (NYSE:MSB - Get Free Report) was downgraded by stock analysts at StockNews.com from a "strong-buy" rating to a "buy" rating in a research report issued on Monday.
Mesabi Trust Price Performance
Shares of MSB stock traded up $0.47 during trading hours on Monday, reaching $27.77. The company had a trading volume of 44,506 shares, compared to its average volume of 39,089. The company has a market cap of $364.36 million, a price-to-earnings ratio of 3.96 and a beta of 0.66. Mesabi Trust has a 12 month low of $15.93 and a 12 month high of $37.00. The business has a fifty day simple moving average of $26.79 and a 200-day simple moving average of $26.92.
Mesabi Trust (NYSE:MSB - Get Free Report) last announced its earnings results on Thursday, April 24th. The mining company reported $0.46 EPS for the quarter. Mesabi Trust had a net margin of 93.80% and a return on equity of 231.09%. The company had revenue of $6.85 million during the quarter.
Institutional Inflows and Outflows
Institutional investors and hedge funds have recently made changes to their positions in the company. Mad River Investors increased its stake in shares of Mesabi Trust by 0.6% in the fourth quarter. Mad River Investors now owns 294,901 shares of the mining company's stock worth $8,290,000 after purchasing an additional 1,832 shares in the last quarter. Kingsview Wealth Management LLC bought a new stake in Mesabi Trust during the 4th quarter valued at $233,000. Atlas Wealth Partners LLC purchased a new stake in shares of Mesabi Trust during the fourth quarter worth $202,000. Steward Partners Investment Advisory LLC boosted its holdings in shares of Mesabi Trust by 47.2% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 25,366 shares of the mining company's stock worth $713,000 after acquiring an additional 8,133 shares during the period. Finally, Raymond James Financial Inc. bought a new position in shares of Mesabi Trust in the fourth quarter worth $560,000.
Mesabi Trust Company Profile
(
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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