Mesabi Trust (NYSE:MSB) Shares Sold by Quent Capital LLC

Quent Capital LLC reduced its stake in Mesabi Trust (NYSE:MSB) by 20.8% in the 4th quarter, Holdings Channel reports. The firm 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 SEC filing.

Several other large investors have also recently added to or reduced their stakes in the stock. Mad River Investors grew its stake in shares of Mesabi Trust by 0.5% during the third 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. Moors & Cabot Inc. grew its stake 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 acquiring an additional 33,411 shares in the last quarter. Horizon Kinetics Asset Management LLC grew its stake in shares of 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 acquiring an additional 37,417 shares in the last quarter. EagleClaw Capital Managment LLC grew its stake in shares of Mesabi Trust by 27.9% during the third quarter. EagleClaw Capital Managment LLC now owns 146,400 shares of the mining company’s stock valued at $3,316,000 after acquiring an additional 31,900 shares in the last quarter. Finally, Apollon Wealth Management LLC acquired a new stake in shares of Mesabi Trust during the third quarter valued at about $344,000.

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 Price Performance

Shares of Mesabi Trust stock opened at $24.98 on Thursday. The business has a 50-day moving average of $27.69 and a 200-day moving average of $24.01. The company has a market capitalization of $327.74 million, a PE ratio of 3.56 and a beta of 0.84. Mesabi Trust has a 1-year low of $15.93 and a 1-year high of $37.00.

Mesabi Trust (NYSE:MSB) last posted its quarterly earnings results on Friday, December 13th. The mining company reported $5.97 EPS 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 declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, January 30th will be paid a $5.95 dividend. This represents a $23.80 dividend on an annualized basis and a yield of 95.28%. This is an increase from Mesabi Trust’s previous quarterly dividend of $0.39. The ex-dividend date of this dividend is Thursday, January 30th. Mesabi Trust’s dividend payout ratio (DPR) is 339.52%.

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.