Mesabi Trust (NYSE:MSB - Get Free Report)'s stock price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $22.19 and traded as high as $27.78. Mesabi Trust shares last traded at $26.72, with a volume of 29,706 shares traded.
Analyst Upgrades and Downgrades
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.
View Our Latest Stock Report on MSB
Mesabi Trust Stock Down 1.9 %
The firm has a 50-day simple moving average of $26.92 and a 200-day simple moving average of $22.22. The stock has a market cap of $350.57 million, a PE ratio of 3.81 and a beta of 0.85.
Mesabi Trust (NYSE:MSB - Get Free Report) last issued its quarterly earnings data on Friday, December 13th. The mining company reported $5.97 earnings per share (EPS) for the quarter. Mesabi Trust had a return on equity of 83.21% and a net margin of 74.00%.
Mesabi Trust Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th were given a $0.39 dividend. This is a positive change from Mesabi Trust's previous quarterly dividend of $0.30. This represents a $1.56 dividend on an annualized basis and a dividend yield of 5.84%. The ex-dividend date was Wednesday, October 30th. Mesabi Trust's dividend payout ratio (DPR) is 22.25%.
Institutional Trading of Mesabi Trust
A number of hedge funds and other institutional investors have recently bought and sold shares of MSB. Pecaut & CO. grew its position in shares of Mesabi Trust by 22.6% during the 2nd quarter. Pecaut & CO. now owns 21,700 shares of the mining company's stock valued at $371,000 after purchasing an additional 4,000 shares in the last quarter. Moors & Cabot Inc. boosted its stake in Mesabi Trust by 28.3% during the second quarter. Moors & Cabot Inc. now owns 464,502 shares of the mining company's stock valued at $8,003,000 after buying an additional 102,520 shares during the period. Beddow Capital Management Inc. grew its position in Mesabi Trust by 0.7% during the second quarter. Beddow Capital Management Inc. now owns 462,315 shares of the mining company's stock worth $7,966,000 after buying an additional 3,028 shares in the last quarter. Quent Capital LLC bought a new position in Mesabi Trust in the 3rd quarter worth about $159,000. Finally, Mad River Investors raised its holdings in shares of Mesabi Trust by 0.5% in the 3rd quarter. Mad River Investors now owns 293,069 shares of the mining company's stock valued at $6,638,000 after acquiring an additional 1,423 shares in the last quarter.
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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