Mesabi Trust (NYSE:MSB) Upgraded to Buy at StockNews.com

Mesabi Trust (NYSE:MSB) was upgraded by analysts at StockNews.com from a “hold” rating to a “buy” rating in a note issued to investors on Friday.

Mesabi Trust Price Performance

Shares of MSB traded up $0.05 during trading hours on Friday, reaching $17.31. The stock had a trading volume of 11,707 shares, compared to its average volume of 34,588. The firm has a 50-day moving average of $17.84 and a 200 day moving average of $19.13. Mesabi Trust has a 52 week low of $16.68 and a 52 week high of $23.94.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of MSB. Steward Partners Investment Advisory LLC increased its holdings in shares of Mesabi Trust by 38.0% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 10,760 shares of the mining company’s stock worth $220,000 after purchasing an additional 2,961 shares during the period. Acorn Wealth Advisors LLC acquired a new position in shares of Mesabi Trust during the third quarter worth $221,000. Pecaut & CO. acquired a new position in shares of Mesabi Trust during the fourth quarter worth $280,000. Essex Financial Services Inc. lifted its holdings in shares of Mesabi Trust by 16.1% during the fourth quarter. Essex Financial Services Inc. now owns 14,037 shares of the mining company’s stock worth $287,000 after purchasing an additional 1,943 shares during the period. Finally, NBC Securities Inc. lifted its holdings in Mesabi Trust by 5.4% in the first 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 period.

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.