Mesabi Trust (NYSE:MSB) Stock Rating Lowered by Wall Street Zen

Mesabi Trust (NYSE:MSB) was downgraded by stock analysts at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday.

Mesabi Trust Stock Performance

Shares of MSB opened at $25.70 on Friday. The company’s 50 day moving average price is $26.49 and its 200 day moving average price is $27.04. Mesabi Trust has a 52 week low of $15.93 and a 52 week high of $37.00. The company has a market capitalization of $337.18 million, a PE ratio of 3.67 and a beta of 0.56.

Mesabi Trust (NYSE:MSB) last released its quarterly earnings data on Thursday, June 12th. The mining company reported $0.28 earnings per share (EPS) for the quarter. Mesabi Trust had a return on equity of 231.09% and a net margin of 93.80%. The firm had revenue of $4.74 million during the quarter.

Institutional Trading of Mesabi Trust

Several large investors have recently added to or reduced their stakes in the business. Golden State Wealth Management LLC increased its position in Mesabi Trust by 100.0% during the first quarter. Golden State Wealth Management LLC now owns 1,000 shares of the mining company’s stock worth $27,000 after buying an additional 500 shares during the last quarter. Acadian Asset Management LLC bought a new stake in shares of Mesabi Trust during the 1st quarter worth $44,000. MAI Capital Management raised its holdings in Mesabi Trust by 14.6% in the 1st quarter. MAI Capital Management now owns 4,393 shares of the mining company’s stock worth $119,000 after acquiring an additional 561 shares during the period. Heron Bay Capital Management bought a new position in Mesabi Trust in the 4th quarter worth $204,000. Finally, Ameriprise Financial Inc. acquired a new position in Mesabi Trust during the 4th quarter worth $205,000.

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.