Beddow Capital Management Inc. decreased its holdings in shares of Mesabi Trust (NYSE:MSB) by 1.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 528,128 shares of the mining company’s stock after selling 5,072 shares during the period. Mesabi Trust makes up about 6.8% of Beddow Capital Management Inc.’s holdings, making the stock its biggest position. Beddow Capital Management Inc.’s holdings in Mesabi Trust were worth $12,511,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Capital Investment Advisory Services LLC acquired a new position in Mesabi Trust during the 4th quarter worth approximately $38,000. Russell Investments Group Ltd. acquired a new position in Mesabi Trust during the 3rd quarter worth approximately $147,000. GSA Capital Partners LLP acquired a new position in Mesabi Trust during the 3rd quarter worth approximately $204,000. Marshall Wace LLP acquired a new position in Mesabi Trust during the 3rd quarter worth approximately $271,000. Finally, BerganKDV Wealth Management LLC increased its position 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 purchasing an additional 3,600 shares during the period. Institutional investors own 17.24% of the company’s stock.
NYSE MSB opened at $28.99 on Thursday. Mesabi Trust has a 12-month low of $21.60 and a 12-month high of $32.67.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, February 20th. Shareholders of record on Wednesday, January 30th will be given a dividend of $1.39 per share. This is a boost from Mesabi Trust’s previous quarterly dividend of $0.94. The ex-dividend date is Tuesday, January 29th. This represents a $5.56 annualized dividend and a yield of 19.18%.
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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