Mesabi Trust (NYSE:MSB - Get Free Report) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $25.05 and traded as high as $26.22. Mesabi Trust shares last traded at $25.99, with a volume of 53,970 shares changing hands.
Wall Street Analysts Forecast Growth
Separately, StockNews.com raised shares of Mesabi Trust from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 16th.
Check Out Our Latest Stock Report on MSB
Mesabi Trust Price Performance
The firm's fifty day moving average price is $27.65 and its two-hundred day moving average price is $25.13. The stock has a market cap of $318.99 million, a price-to-earnings ratio of 3.47 and a beta of 0.76.
Mesabi Trust (NYSE:MSB - Get Free Report) last announced its quarterly earnings data on Friday, December 13th. The mining company reported $5.97 earnings per share for the quarter. Mesabi Trust had a net margin of 93.80% and a return on equity of 231.09%.
Mesabi Trust Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, January 30th were issued a dividend of $5.95 per share. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $23.80 annualized dividend and a dividend yield of 97.89%. This is a positive change from Mesabi Trust's previous quarterly dividend of $0.39. Mesabi Trust's dividend payout ratio is currently 339.51%.
Hedge Funds Weigh In On Mesabi Trust
Several institutional investors have recently made changes to their positions in the stock. Atlas Wealth Partners LLC acquired a new stake in shares of Mesabi Trust in the 4th quarter worth about $202,000. Ameriprise Financial Inc. acquired a new stake in shares of Mesabi Trust in the 4th quarter worth about $205,000. Heron Bay Capital Management bought a new stake in Mesabi Trust in the 4th quarter worth about $204,000. Bank of Montreal Can bought a new stake in Mesabi Trust in the 4th quarter worth about $208,000. Finally, Vivaldi Capital Management LP bought a new stake in Mesabi Trust in the 4th quarter worth about $229,000.
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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