Mesabi Trust (NYSE:MSB - Get Free Report)'s share price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $21.81 and traded as high as $28.68. Mesabi Trust shares last traded at $28.11, with a volume of 38,960 shares changing hands.
Analyst Upgrades and Downgrades
Separately, StockNews.com raised Mesabi Trust from a "hold" rating to a "strong-buy" rating in a report on Monday, December 16th.
Check Out Our Latest Report on MSB
Mesabi Trust Stock Down 0.0 %
The business's fifty day moving average is $26.63 and its 200-day moving average is $21.86. The company has a market cap of $368.80 million, a PE ratio of 4.01 and a beta of 0.85.
Mesabi Trust (NYSE:MSB - Get Free Report) last issued its quarterly earnings results on Friday, December 13th. The mining company reported $5.97 earnings per share for the quarter. Mesabi Trust had a net margin of 74.00% and a return on equity of 83.21%.
Mesabi Trust Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, October 30th were paid a $0.39 dividend. The ex-dividend date of this dividend was Wednesday, October 30th. This represents a $1.56 annualized dividend and a dividend yield of 5.55%. This is an increase from Mesabi Trust's previous quarterly dividend of $0.30. Mesabi Trust's dividend payout ratio (DPR) is 22.25%.
Institutional Inflows and Outflows
A number of hedge funds have recently made changes to their positions in the stock. Mad River Investors boosted its position in shares of Mesabi Trust by 2.0% in the second quarter. Mad River Investors now owns 291,646 shares of the mining company's stock worth $5,025,000 after purchasing an additional 5,809 shares during the period. Pecaut & CO. boosted its holdings in Mesabi Trust by 22.6% in the 2nd quarter. Pecaut & CO. now owns 21,700 shares of the mining company's stock worth $371,000 after buying an additional 4,000 shares during the period. Moors & Cabot Inc. raised its holdings 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 acquiring an additional 102,520 shares during the period. Beddow Capital Management Inc. lifted its position in shares of Mesabi Trust by 0.7% in the second quarter. Beddow Capital Management Inc. now owns 462,315 shares of the mining company's stock valued at $7,966,000 after acquiring an additional 3,028 shares in the last quarter. Finally, Quent Capital LLC bought a new position in shares of Mesabi Trust in the third quarter worth about $159,000.
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.
Further Reading
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