Mesabi Trust (NYSE:MSB) Share Price Crosses Above 200-Day Moving Average - Should You Sell?

Mesabi Trust (NYSE:MSB - Get Free Report) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $24.00 and traded as high as $25.67. Mesabi Trust shares last traded at $25.33, with a volume of 57,447 shares changing hands.Analysts Set New Price TargetsSeparately, StockNews.com upgraded Mesabi Trust from a "hold" rating to a "strong-buy" rating in a report on Monday, December 16th.View Our Latest Stock Report on Mesabi TrustMesabi Trust Trading Up 0.2 %The business's fifty day simple moving average is $27.74 and its 200-day simple moving average is $24.00. The firm has a market cap of $332.33 million, a P/E ratio of 3.61 and a beta of 0.84. Mesabi Trust (NYSE:MSB - Get Free Report) last released its quarterly earnings results on Friday, December 13th. The mining company reported $5.97 EPS for the quarter. Mesabi Trust had a return on equity of 231.09% and a net margin of 93.80%. Mesabi Trust Increases DividendThe firm also recently declared a quarterly dividend, which will be paid on Thursday, February 20th. Investors of record on Thursday, January 30th will be given a dividend of $5.95 per share. This is a boost from Mesabi Trust's previous quarterly dividend of $0.39. This represents a $23.80 dividend on an annualized basis and a yield of 93.96%. The ex-dividend date is Thursday, January 30th. Mesabi Trust's dividend payout ratio (DPR) is 339.52%. Institutional Investors Weigh In On Mesabi TrustA number of institutional investors have recently modified their holdings of MSB. Mad River Investors raised its stake in shares of Mesabi Trust by 0.5% in the third quarter. Mad River Investors now owns 293,069 shares of the mining company's stock worth $6,638,000 after purchasing an additional 1,423 shares during the last quarter. Moors & Cabot Inc. increased its holdings in Mesabi Trust by 7.2% in the 3rd quarter. Moors & Cabot Inc. now owns 497,913 shares of the mining company's stock worth $11,278,000 after buying an additional 33,411 shares in the last quarter. Horizon Kinetics Asset Management LLC raised its position in Mesabi Trust by 1.4% in the 3rd quarter. Horizon Kinetics Asset Management LLC now owns 2,659,623 shares of the mining company's stock worth $60,240,000 after buying an additional 37,417 shares during the last quarter. EagleClaw Capital Managment LLC lifted its stake in Mesabi Trust by 27.9% during the 3rd quarter. EagleClaw Capital Managment LLC now owns 146,400 shares of the mining company's stock valued at $3,316,000 after acquiring an additional 31,900 shares during the period. Finally, Apollon Wealth Management LLC purchased a new stake in shares of Mesabi Trust during the 3rd quarter valued at about $344,000. Mesabi Trust Company Profile (Get Free Report)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. See AlsoFive stocks we like better than Mesabi TrustStock Market Upgrades: What Are They?META Stock: Insider Selling Ramps Up—What It Means for InvestorsSpecial Purpose Acquisition Company (SPAC) What You Need to Know 3 Chip Stocks Still Trading 50% Below Their 52-Week HighsWhy Understanding Call Option Volume is Essential to Successful Options TradingU.S. Steel: Will Trump-Backed Nippon Investment Drive Upside?This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.Where Should You Invest $1,000 Right Now?Before you make your next trade, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.They believe these five stocks are the five best companies for investors to buy now...See The Five Stocks Here Should You Invest $1,000 in Mesabi Trust Right Now?Before you consider Mesabi Trust, you'll want to hear this.MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Mesabi Trust wasn't on the list.While Mesabi Trust currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.View The Five Stocks Here