Beddow Capital Management Inc. trimmed its holdings in shares of Mesabi Trust (NYSE:MSB) by 1.0% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 528,128 shares of the mining company’s stock after selling 5,072 shares during the period. Mesabi Trust accounts for about 6.8% of Beddow Capital Management Inc.’s holdings, making the stock its largest holding. Beddow Capital Management Inc. owned about 4.03% of Mesabi Trust worth $12,511,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Capital Investment Advisory Services LLC purchased a new stake in Mesabi Trust during the 4th quarter worth about $38,000. Russell Investments Group Ltd. purchased a new stake in Mesabi Trust during the 3rd quarter worth about $147,000. GSA Capital Partners LLP purchased a new stake in Mesabi Trust during the 3rd quarter worth about $204,000. Marshall Wace LLP purchased a new stake in Mesabi Trust during the 3rd quarter worth about $271,000. Finally, BerganKDV Wealth Management LLC lifted its holdings in Mesabi Trust by 30.0% during the 3rd quarter. BerganKDV Wealth Management LLC now owns 15,600 shares of the mining company’s stock worth $413,000 after buying an additional 3,600 shares during the last quarter. 17.24% of the stock is owned by institutional investors.
Shares of NYSE MSB opened at $28.99 on Thursday. Mesabi Trust has a 1 year low of $21.60 and a 1 year high of $32.67.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 20th. Shareholders of record on Wednesday, January 30th will be issued a dividend of $1.39 per share. This represents a $5.56 dividend on an annualized basis and a yield of 19.18%. This is an increase from Mesabi Trust’s previous quarterly dividend of $0.94. The ex-dividend date is Tuesday, January 29th.
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Mesabi Trust Profile
Mesabi Trust, a royalty trust, engages in iron ore mining business in the United States. The company was founded in 1919 and is based in New York, New York.
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