Mesabi Trust (NYSE:MSB) Stock Passes Above 200-Day Moving Average – Time to Sell?

Mesabi Trust (NYSE:MSB) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $24.65 and traded as high as $28.90. Mesabi Trust shares last traded at $28.51, with a volume of 44,158 shares changing hands.

Analyst Ratings Changes

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

Mesabi Trust Trading Up 0.7 %

The company has a market cap of $373.99 million, a PE ratio of 4.07 and a beta of 0.84. The firm has a 50 day moving average of $27.82 and a two-hundred day moving average of $24.65.

Mesabi Trust (NYSE:MSB) last released its quarterly 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 disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, January 30th were given a dividend of $5.95 per share. This is a positive change from Mesabi Trust’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend was Thursday, January 30th. This represents a $23.80 dividend on an annualized basis and a dividend yield of 83.49%. Mesabi Trust’s dividend payout ratio (DPR) is presently 339.52%.

Institutional Trading of Mesabi Trust

Several institutional investors have recently added to or reduced their stakes in MSB. Atlas Wealth Partners LLC purchased a new position in Mesabi Trust during the fourth quarter valued at approximately $202,000. Moors & Cabot Inc. grew its holdings in shares of Mesabi Trust by 7.2% during the third quarter. Moors & Cabot Inc. now owns 497,913 shares of the mining company’s stock valued at $11,278,000 after buying an additional 33,411 shares during the last quarter. Kingsview Wealth Management LLC acquired a new position in Mesabi Trust during the fourth quarter valued at $233,000. Mad River Investors lifted its position in Mesabi Trust by 0.6% during the fourth quarter. Mad River Investors now owns 294,901 shares of the mining company’s stock valued at $8,290,000 after purchasing an additional 1,832 shares during the period. Finally, Horizon Kinetics Asset Management LLC lifted its position in Mesabi Trust by 1.4% during the third quarter. Horizon Kinetics Asset Management LLC now owns 2,659,623 shares of the mining company’s stock valued at $60,240,000 after purchasing an additional 37,417 shares during the period.

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.