EagleClaw Capital Managment LLC Sells 675 Shares of Mesabi Trust (NYSE:MSB)

EagleClaw Capital Managment LLC lessened its position in Mesabi Trust (NYSE:MSB) by 0.5% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 145,725 shares of the mining company’s stock after selling 675 shares during the period. EagleClaw Capital Managment LLC’s holdings in Mesabi Trust were worth $4,096,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the stock. Mad River Investors raised its holdings in shares of 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 last quarter. Atlas Wealth Partners LLC purchased a new position in shares of Mesabi Trust during the fourth quarter valued at approximately $202,000. Steward Partners Investment Advisory LLC raised its holdings in shares of Mesabi Trust by 47.2% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 25,366 shares of the mining company’s stock valued at $713,000 after purchasing an additional 8,133 shares during the last quarter. Kingsview Wealth Management LLC purchased a new position in shares of Mesabi Trust during the fourth quarter valued at approximately $233,000. Finally, Apollon Wealth Management LLC purchased a new position in shares of Mesabi Trust during the third quarter valued at approximately $344,000.

Mesabi Trust Trading Down 7.3 %

Shares of MSB stock opened at $24.96 on Friday. Mesabi Trust has a 12 month low of $15.93 and a 12 month high of $37.00. The stock has a market cap of $327.48 million, a P/E ratio of 3.56 and a beta of 0.84. The company has a 50 day simple moving average of $27.72 and a two-hundred day simple moving average of $25.13.

Mesabi Trust (NYSE:MSB) last announced its earnings results 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 company also recently disclosed a quarterly dividend, which was paid on Thursday, February 20th. Stockholders of record on Thursday, January 30th were paid a $5.95 dividend. The ex-dividend date was Thursday, January 30th. This is a boost from Mesabi Trust’s previous quarterly dividend of $0.39. This represents a $23.80 dividend on an annualized basis and a dividend yield of 95.35%. Mesabi Trust’s dividend payout ratio is 339.51%.

Analyst Ratings Changes

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 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.