Driehaus Capital Management LLC grew its position in Mesabi Trust (NYSE:MSB) by 272.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 54,964 shares of the mining company’s stock after buying an additional 40,196 shares during the period. Driehaus Capital Management LLC owned 0.42% of Mesabi Trust worth $1,382,000 as of its most recent SEC filing.
Several other institutional investors have also recently bought and sold shares of MSB. Brightline Capital Management LLC purchased a new stake in shares of Mesabi Trust in the 4th quarter valued at approximately $4,024,000. Acadian Asset Management LLC purchased a new stake in shares of Mesabi Trust in the 4th quarter valued at approximately $2,606,000. OxFORD Asset Management LLP purchased a new stake in shares of Mesabi Trust in the 3rd quarter valued at approximately $828,000. Arrowstreet Capital Limited Partnership grew its stake in shares of Mesabi Trust by 93.0% in the 4th quarter. Arrowstreet Capital Limited Partnership now owns 40,803 shares of the mining company’s stock valued at $1,030,000 after buying an additional 19,666 shares during the period. Finally, Janney Montgomery Scott LLC purchased a new stake in shares of Mesabi Trust in the 3rd quarter valued at approximately $241,000. 19.79% of the stock is owned by institutional investors and hedge funds.
Shares of Mesabi Trust (NYSE:MSB) opened at $27.05 on Wednesday. Mesabi Trust has a one year low of $12.70 and a one year high of $30.92. The firm has a market cap of $364.08, a P/E ratio of 15.08 and a beta of 0.44.
About Mesabi Trust
Mesabi Trust is a royalty trust. The purpose of the Trust is to conserve and protect the Trust Estate. The Trust operates in the iron ore mining segment. The Trust derives income from the Peter Mitchell Mine, an iron mine located near Babbitt, Minnesota, at the eastern end of the Mesabi Iron Range. The lessee/operator of Mesabi Trust’s mineral interests is Northshore Mining Corporation (NMC), a subsidiary of Cliffs Natural Resources Inc (Cliffs).
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