Mesabi Trust (NYSE:MSB - Get Free Report) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $26.75 and traded as high as $28.87. Mesabi Trust shares last traded at $28.11, with a volume of 43,779 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com downgraded shares of Mesabi Trust from a "strong-buy" rating to a "buy" rating in a report on Monday.
View Our Latest Research Report on Mesabi Trust
Mesabi Trust Price Performance
The stock has a market cap of $379.43 million, a P/E ratio of 4.13 and a beta of 0.66. The company has a fifty day moving average of $26.85 and a 200 day moving average of $26.88.
Mesabi Trust (NYSE:MSB - Get Free Report) last announced its earnings results on Thursday, April 24th. The mining company reported $0.46 earnings per share (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 for the quarter.
Mesabi Trust Dividend Announcement
The firm also recently disclosed a dividend, which will be paid on Tuesday, May 20th. Investors of record on Thursday, May 1st will be issued a $0.56 dividend. This represents a yield of 8.05%. The ex-dividend date of this dividend is Wednesday, April 30th. Mesabi Trust's dividend payout ratio is presently 31.50%.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of the company. Raymond James Financial Inc. bought a new stake in shares of Mesabi Trust during the fourth quarter valued at approximately $560,000. Steward Partners Investment Advisory LLC lifted its stake in shares of Mesabi Trust by 47.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 25,366 shares of the mining company's stock valued at $713,000 after acquiring an additional 8,133 shares during the period. Horizon Kinetics Asset Management LLC increased its holdings in Mesabi Trust by 6.9% in the fourth quarter. Horizon Kinetics Asset Management LLC now owns 2,843,010 shares of the mining company's stock valued at $79,917,000 after purchasing an additional 183,387 shares during the last quarter. Moors & Cabot Inc. increased its holdings in Mesabi Trust by 7.2% in the fourth quarter. Moors & Cabot Inc. now owns 533,942 shares of the mining company's stock valued at $15,009,000 after purchasing an additional 36,029 shares during the last quarter. Finally, Heron Bay Capital Management bought a new stake in Mesabi Trust in the fourth quarter valued at about $204,000.
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.
Featured Stories
Before you consider Mesabi Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mesabi Trust wasn't on the list.
While Mesabi Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Today, we are inviting you to take a free peek at our proprietary, exclusive, and up-to-the-minute list of 20 stocks that Wall Street's top analysts hate.
Many of these appear to have good fundamentals and might seem like okay investments, but something is wrong. Analysts smell something seriously rotten about these companies. These are true "Strong Sell" stocks.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
