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

Mesabi Trust (NYSE:MSB)’s share price crossed 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 Upgrades and Downgrades

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

Mesabi Trust Stock Performance

The stock’s 50 day moving average price is $28.05 and its 200 day moving average price is $23.69. The company has a market capitalization of $318.36 million, a P/E ratio of 3.46 and a beta of 0.84.

Mesabi Trust (NYSE:MSB) last posted its quarterly earnings data on Friday, December 13th. The mining company reported $5.97 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 business 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 dividend of $5.95 per share. This represents a $23.80 dividend on an annualized basis and a dividend yield of 98.08%. The ex-dividend date is Thursday, January 30th. This is an increase from Mesabi Trust’s previous quarterly dividend of $0.39. Mesabi Trust’s payout ratio is presently 339.52%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Horizon Kinetics Asset Management LLC raised its holdings 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 worth $60,240,000 after buying an additional 37,417 shares during the last quarter. Moors & Cabot Inc. raised its holdings in Mesabi Trust by 7.2% during the third quarter. Moors & Cabot Inc. now owns 497,913 shares of the mining company’s stock worth $11,278,000 after buying an additional 33,411 shares during the last quarter. Mad River Investors raised its holdings in Mesabi Trust by 0.6% during the fourth quarter. Mad River Investors now owns 294,901 shares of the mining company’s stock worth $8,290,000 after buying an additional 1,832 shares during the last quarter. EagleClaw Capital Managment LLC raised its holdings in shares of Mesabi Trust by 27.9% in the third quarter. EagleClaw Capital Managment LLC now owns 146,400 shares of the mining company’s stock valued at $3,316,000 after purchasing an additional 31,900 shares during the last quarter. Finally, Apollon Wealth Management LLC bought a new position in shares of Mesabi Trust during the third quarter valued at about $344,000.

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.