7,227 Shares in Mesabi Trust (NYSE:MSB) Bought by Atlas Wealth Partners LLC

Atlas Wealth Partners LLC purchased a new stake in shares of Mesabi Trust (NYSE:MSB) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 7,227 shares of the mining company’s stock, valued at approximately $202,000. Atlas Wealth Partners LLC owned about 0.06% of Mesabi Trust as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the company. Kingsview Wealth Management LLC bought a new position in shares of Mesabi Trust during the fourth quarter valued at approximately $233,000. Apollon Wealth Management LLC bought a new position in Mesabi Trust in the third quarter worth about $344,000. EagleClaw Capital Managment LLC lifted its holdings in Mesabi Trust by 27.9% in the third quarter. EagleClaw Capital Managment LLC now owns 146,400 shares of the mining company’s stock worth $3,316,000 after buying an additional 31,900 shares during the period. Mad River Investors boosted its position in Mesabi Trust by 0.5% during 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. Finally, Moors & Cabot Inc. grew its holdings in shares of Mesabi Trust by 7.2% during the 3rd quarter. Moors & Cabot Inc. now owns 497,913 shares of the mining company’s stock worth $11,278,000 after acquiring an additional 33,411 shares during the period.

Mesabi Trust Price Performance

NYSE:MSB opened at $25.33 on Wednesday. Mesabi Trust has a 1-year low of $15.93 and a 1-year high of $37.00. The firm’s 50-day moving average price is $27.74 and its 200-day moving average price is $24.00. The company has a market capitalization of $332.33 million, a PE ratio of 3.61 and a beta of 0.84.

Mesabi Trust (NYSE:MSB) last issued its earnings results on Friday, December 13th. The mining company reported $5.97 earnings per share (EPS) 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 firm also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Shareholders of record on Thursday, January 30th will be given a $5.95 dividend. This is a positive change from Mesabi Trust’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Thursday, January 30th. This represents a $23.80 dividend on an annualized basis and a yield of 93.96%. Mesabi Trust’s payout ratio is 339.52%.

Analyst Ratings Changes

Separately, StockNews.com upgraded Mesabi Trust from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 16th.

Mesabi Trust Company Profile

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.