Ameriprise Financial Inc. purchased a new position in shares of Mesabi Trust (NYSE:MSB) in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 7,296 shares of the mining company’s stock, valued at approximately $205,000. Ameriprise Financial Inc. owned about 0.06% of Mesabi Trust as of its most recent filing with the Securities & Exchange Commission. \n\nSeveral other institutional investors have also modified their holdings of the company. Lido Advisors LLC bought a new position in shares of Mesabi Trust during the fourth quarter worth about $2,243,000. Marshall Wace LLP grew its position in shares of Mesabi Trust by 11.2% during the fourth quarter. Marshall Wace LLP now owns 15,071 shares of the mining company’s stock worth $424,000 after acquiring an additional 1,522 shares during the last quarter. Raymond James Financial Inc. bought a new position in shares of Mesabi Trust during the fourth quarter worth about $560,000. Bank of Montreal Can bought a new position in shares of Mesabi Trust during the fourth quarter worth about $208,000. Finally, Heron Bay Capital Management bought a new position in shares of Mesabi Trust during the fourth quarter worth about $204,000. \n\nSeparately, Wall Street Zen lowered shares of Mesabi Trust from a “strong-buy” rating to a “buy” rating in a research report on Monday, April 28th.\n\nShares of MSB opened at $26.43 on Friday. The firm has a 50-day moving average price of $26.39 and a 200 day moving average price of $27.03. The firm has a market capitalization of $346.76 million, a PE ratio of 3.77 and a beta of 0.56. Mesabi Trust has a 52-week low of $15.93 and a 52-week high of $37.00. \n\nMesabi Trust (NYSE:MSB) last announced its earnings results on Thursday, April 24th. The mining company reported $0.46 earnings per share (EPS) for the quarter. Mesabi Trust had a net margin of 93.80% and a return on equity of 231.09%. The firm had revenue of $6.85 million during the quarter. \n\nThe business also recently declared a dividend, which was paid on Tuesday, May 20th. Stockholders of record on Thursday, May 1st were given a $0.56 dividend. This represents a dividend yield of 8.05%. The ex-dividend date of this dividend was Wednesday, April 30th. Mesabi Trust’s dividend payout ratio (DPR) is 31.50%. \n\nMesabi 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.

Ameriprise Financial Inc. Invests $205,000 in Mesabi Trust (NYSE:MSB)

Ameriprise Financial Inc. increased its stake in Mesabi Trust (NYSE:MSB) with a $205,000 investment, while other institutional investors adjusted their holdings. Wall Street Zen downgraded Mesabi Trust’s rating, and the company reported strong financial metrics including a 93.80% net margin and $0.46 EPS. Mesabi Trust, a royalty trust based in New York, NY, also announced a dividend payout.