Mesabi Trust (NYSE:MSB - Get Free Report)'s stock price crossed 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.
Mesabi Trust Trading Down 1.3 %
The stock's 50-day moving average price is $26.93 and its 200-day moving average price is $26.84. The stock has a market cap of $363.04 million, a price-to-earnings ratio of 3.95 and a beta of 0.66.
Mesabi Trust (NYSE:MSB - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The mining company reported $0.46 earnings per share (EPS) for the quarter. The firm had revenue of $6.85 million for the quarter. Mesabi Trust had a return on equity of 231.09% and a net margin of 93.80%.
Mesabi Trust Dividend Announcement
The company also recently declared a dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Thursday, May 1st will be issued a $0.56 dividend. The ex-dividend date of this dividend is Wednesday, April 30th. This represents a yield of 8.05%. Mesabi Trust's payout ratio is currently 31.50%.
Hedge Funds Weigh In On Mesabi Trust
A number of institutional investors have recently modified their holdings of MSB. Raymond James Financial Inc. acquired a new position in Mesabi Trust during the fourth quarter worth $560,000. Steward Partners Investment Advisory LLC lifted its position in shares of 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 in the last quarter. Horizon Kinetics Asset Management LLC grew its holdings in shares of 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 acquiring an additional 183,387 shares in the last quarter. Moors & Cabot Inc. increased its position in shares of Mesabi Trust by 7.2% during the fourth quarter. Moors & Cabot Inc. now owns 533,942 shares of the mining company's stock valued at $15,009,000 after acquiring an additional 36,029 shares during the last quarter. Finally, Heron Bay Capital Management bought a new stake in Mesabi Trust during the fourth quarter worth $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.
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