Quent Capital LLC Trims Stake in Mesabi Trust (NYSE:MSB)

Quent Capital LLC lowered its stake in Mesabi Trust (NYSE:MSB) by 20.8% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,549 shares of the mining company’s stock after selling 1,453 shares during the quarter. Quent Capital LLC’s holdings in Mesabi Trust were worth $156,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Mad River Investors lifted its stake in 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 buying an additional 1,423 shares in the last quarter. Moors & Cabot Inc. lifted its stake 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 purchasing an additional 33,411 shares during the period. Horizon Kinetics Asset Management LLC lifted its stake in shares of Mesabi Trust by 1.4% during the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 2,659,623 shares of the mining company’s stock worth $60,240,000 after purchasing an additional 37,417 shares during the period. EagleClaw Capital Managment LLC lifted its stake in shares of Mesabi Trust by 27.9% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 146,400 shares of the mining company’s stock worth $3,316,000 after purchasing an additional 31,900 shares during the period. Finally, Apollon Wealth Management LLC purchased a new position in shares of Mesabi Trust during the 3rd quarter worth $344,000.

Mesabi Trust Stock Down 1.4 %

Shares of Mesabi Trust stock opened at $24.98 on Thursday. Mesabi Trust has a fifty-two week low of $15.93 and a fifty-two week high of $37.00. The firm has a market cap of $327.74 million, a PE ratio of 3.56 and a beta of 0.84. The business’s fifty day moving average is $27.69 and its two-hundred day moving average is $24.01.

Mesabi Trust (NYSE:MSB) last issued its earnings results on Friday, December 13th. The mining company reported $5.97 earnings per share for the quarter. Mesabi Trust had a return on equity of 231.09% and a net margin of 93.80%.

Mesabi Trust Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, February 20th. Investors 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. This represents a $23.80 annualized dividend and a dividend yield of 95.28%. The ex-dividend date is Thursday, January 30th. Mesabi Trust’s dividend payout ratio (DPR) is 339.52%.

Wall Street Analyst Weigh In

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

About Mesabi Trust

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.