Mesabi Trust (NYSE:MSB – Get Free Report) passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $26.58 and traded as high as $27.02. Mesabi Trust shares last traded at $26.17, with a volume of 34,615 shares trading hands.
Mesabi Trust Price Performance
The stock has a market cap of $371.48 million, a P/E ratio of 4.04 and a beta of 0.66. The business’s 50 day simple moving average is $26.64 and its 200 day simple moving average is $26.62.
Institutional Investors Weigh In On Mesabi Trust
Several institutional investors and hedge funds have recently made changes to their positions in MSB. Horizon Kinetics Asset Management LLC grew its stake in Mesabi Trust by 6.9% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 2,843,010 shares of the mining company’s stock worth $79,917,000 after buying an additional 183,387 shares during the last quarter. Moors & Cabot Inc. raised its stake in shares of Mesabi Trust by 7.2% in the fourth quarter. Moors & Cabot Inc. now owns 533,942 shares of the mining company’s stock valued at $15,009,000 after acquiring an additional 36,029 shares during the last quarter. Mad River Investors boosted its holdings in shares of Mesabi Trust by 0.6% in the 4th quarter. Mad River Investors now owns 294,901 shares of the mining company’s stock worth $8,290,000 after acquiring an additional 1,832 shares in the last quarter. Bank of America Corp DE increased its holdings in Mesabi Trust by 613.0% during the 4th quarter. Bank of America Corp DE now owns 247,925 shares of the mining company’s stock valued at $6,969,000 after purchasing an additional 213,155 shares in the last quarter. Finally, Lido Advisors LLC acquired a new position in Mesabi Trust in the fourth quarter worth $2,243,000.
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.
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