Mesabi Trust (NYSE:MSB - Get Free Report)'s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $23.69 and traded as high as $24.40. Mesabi Trust shares last traded at $24.27, with a volume of 64,533 shares changing hands.
Analyst Ratings Changes
Separately, StockNews.com raised shares of Mesabi Trust from a "hold" rating to a "strong-buy" rating in a report on Monday, December 16th.
Check Out Our Latest Analysis on MSB
Mesabi Trust Price Performance
The firm has a market cap of $321.24 million, a price-to-earnings ratio of 3.49 and a beta of 0.84. The firm has a 50 day moving average price of $27.89 and a 200-day moving average price of $23.76.
Mesabi Trust (NYSE:MSB - Get Free Report) last posted 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 93.80% and a return on equity of 231.09%.
Mesabi Trust Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Stockholders of record on Thursday, January 30th will be given a dividend of $5.95 per share. This represents a $23.80 dividend on an annualized basis and a dividend yield of 97.20%. This is a boost from Mesabi Trust's previous quarterly dividend of $0.39. The ex-dividend date is Thursday, January 30th. Mesabi Trust's dividend payout ratio (DPR) is currently 339.52%.
Institutional Investors Weigh In On Mesabi Trust
Several large investors have recently modified their holdings of the business. Moors & Cabot Inc. boosted its stake in Mesabi Trust by 7.2% in the 4th quarter. Moors & Cabot Inc. now owns 533,942 shares of the mining company's stock worth $15,009,000 after purchasing an additional 36,029 shares during the period. OFI Invest Asset Management bought a new stake in shares of Mesabi Trust in the fourth quarter valued at about $988,000. Raymond James Financial Inc. acquired a new position in shares of Mesabi Trust during the fourth quarter worth about $560,000. Steward Partners Investment Advisory LLC grew its holdings 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 worth $713,000 after buying an additional 8,133 shares in the last quarter. Finally, Atlas Wealth Partners LLC bought a new position in shares of Mesabi Trust during the fourth quarter worth about $202,000.
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.
Read More
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
Wondering when you'll finally be able to invest in SpaceX, Starlink, or X.AI? Enter your email address to learn when Elon Musk will let these companies finally IPO.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
