Mesabi Trust (NYSE:MSB – Get Free Report) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Friday.
Mesabi Trust Price Performance
NYSE:MSB traded up $0.05 during mid-day trading on Friday, reaching $17.31. 11,707 shares of the company’s stock were exchanged, compared to its average volume of 34,588. Mesabi Trust has a one year low of $16.68 and a one year high of $23.94. The business’s fifty day simple moving average is $17.84 and its two-hundred day simple moving average is $19.13.
Institutional Investors Weigh In On Mesabi Trust
A number of hedge funds have recently made changes to their positions in MSB. NBC Securities Inc. raised its holdings in Mesabi Trust by 5.4% in the 1st quarter. NBC Securities Inc. now owns 16,670 shares of the mining company’s stock valued at $295,000 after buying an additional 860 shares during the last quarter. Essex Financial Services Inc. grew its position in Mesabi Trust by 16.1% in the 4th quarter. Essex Financial Services Inc. now owns 14,037 shares of the mining company’s stock valued at $287,000 after purchasing an additional 1,943 shares during the period. Steward Partners Investment Advisory LLC boosted its holdings in Mesabi Trust by 38.0% during the 4th quarter. Steward Partners Investment Advisory LLC now owns 10,760 shares of the mining company’s stock worth $220,000 after acquiring an additional 2,961 shares during the last quarter. Beddow Capital Management Inc. boosted its holdings in Mesabi Trust by 1.2% during the 1st quarter. Beddow Capital Management Inc. now owns 459,287 shares of the mining company’s stock worth $8,129,000 after acquiring an additional 5,655 shares during the last quarter. Finally, Raymond James & Associates boosted its holdings in Mesabi Trust by 44.8% during the 3rd quarter. Raymond James & Associates now owns 27,325 shares of the mining company’s stock worth $548,000 after acquiring an additional 8,450 shares during the last quarter.
About Mesabi Trust
Mesabi Trust, a royalty trust, engages in iron ore mining business in the United States. The company was incorporated in 1961 and is based in New York, New York.
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