Equities

Mesabi Trust

MSB:NYQ

Mesabi Trust

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Basic MaterialsIndustrial Metals and Mining
  • Price (USD)19.15
  • Today's Change0.76 / 4.13%
  • Shares traded58.33k
  • 1 Year change-32.85%
  • Beta0.9650
Data delayed at least 15 minutes, as of Jun 02 2023 21:10 BST.
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About the company

Mesabi Trust is a royalty trust that operates in the iron ore mining segment. The Trust derives income from an iron mine (Peter Mitchell Mine) located near Babbitt, Minnesota, at the eastern end of the Mesabi Iron Range. The lessee and operator of Mesabi Trust's mineral interests is Northshore Mining Corporation (NMC), a subsidiary of Cliffs Natural Resources Inc. (Cliffs). The principal assets of the Company consist of two different interests in certain properties in the Mesabi Iron Range: Mesabi Trust’s interest as assignor in the Amended Assignment of Peters Lease and the Amended Assignment of Cloquet Lease, which together cover properties aggregating over 9,750 largely contiguous acres in St. Louis County, Minnesota, and Mesabi Trust’s ownership of the entire beneficial interest in the Mesabi Land Trust, which has an over 20% interest as fee owner in the Peters Lease Lands and a 100% fee ownership in certain non-mineral-bearing lands adjacent to the Peters and Cloquet Lease Lands.

  • Revenue in USD (TTM)7.74m
  • Net income in USD5.31m
  • Incorporated1961
  • Employees0.00
  • Location
    Mesabi Trust60 Wall St Fl 27NEW YORK 10008-0318United StatesUSA
  • Phone+1 (212) 250-6519
  • Fax+1 (615) 835-2700
  • Websitehttp://www.mesabi-trust.com/
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Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
BlackRock New York Municipal Incom Trust-100.00bn-100.00bn244.30m--------------------------------------------------------------
First Trust Energy Income and Growth Fnd-100.00bn-100.00bn247.58m--------------------------------------------------------------
Franklin Limited Duration Income Trust32.29m-29.23m248.09m----0.8695--7.68-0.7235-0.72350.7997.060.0765--5.19---6.920.7509-8.100.851375.2474.64-90.5414.02--0.4540.29271,038.3457.29---305.27------
Consilium Acquisition I Ltd Corp0.003.86m248.10m3.0064.291.31161.31--0.16270.16270.008.010.00------1.98--2.02--------------0.0016------4,285.68------
First Trust Senior Fltng Rate Incm Fd II-100.00bn-100.00bn248.14m--------------------------------------------------------------
CF Acquisition IV Corp0.006.45m248.44m--585.992.5438.52--0.01790.01790.004.120.00------2.12--2.16--------------0.0447------30.94------
Blue Ocean Acquisition Corp0.008.26m249.05m0.0030.141.3268.35--0.34830.34830.007.980.00------4.19--4.21--------------0.00------626.27------
Nuveen Amt-Free Municipal Value Fund10.09m-44.29m249.70m----0.9794--24.74-2.47-2.470.562414.200.0352-------15.44---15.51--83.21---438.77----0.15730.0078--3.11---371.43------
Mesabi Trust7.74m5.31m251.25m0.0047.3221.97--32.450.40470.40470.59010.87180.2276--2.54--15.61110.8825.14199.12----68.5893.85----0.0099.52-89.17-25.83-92.28-30.79----
Acacia Research Corp60.52m-51.96m251.77m263.00--0.7305--4.16-1.82-1.821.006.250.09941.806.80230,110.30-4.631.24-6.191.5763.1575.80-46.648.345.44--0.1399---32.74-1.97-211.98--391.42--
Bynordic Acquisition Corp0.002.48m252.33m--87.631.4594.80--0.12030.12030.007.250.00------1.38--1.39--------------0.00------1,851.12------
Heartland Media Acquisition Corp0.004.01m252.38m--54.131.3164.66--0.19380.19380.008.000.00------2.00--2.01--------------0.00------76,303.57------
Live Oak Crestview Climate Acquistn Corp0.002.65m255.25m--96.381.30----0.10590.10590.007.850.00------1.30--1.31--------------0.00------50.25------
Nuveen Global High Income Fund29.82m-57.55m257.50m----0.8685--8.63-2.48-2.481.2912.790.0606--3.26---11.690.5193-11.700.519974.5075.75-192.968.42--0.27650.30031,021.85-2.94-6.55-357.74-----1.14
Frontier Investment Corp0.004.40m258.00m--58.651.3367.85--0.1760.1760.007.750.00------2.16--2.18--------------0.00------61.61------
Data as of Jun 02 2023. Currency figures normalised to Mesabi Trust's reporting currency: US Dollar USD

Institutional shareholders

38.01%Per cent of shares held by top holders
HolderShares% Held
Horizon Kinetics Asset Management LLCas of 31 Mar 20232.95m22.51%
ValueWorks LLCas of 31 Mar 2023792.93k6.04%
Beddow Capital Management, Inc.as of 31 Mar 2023434.43k3.31%
MRM-Horizon Advisors LLCas of 31 Mar 2023343.58k2.62%
Morgan Stanley Smith Barney LLC (Investment Management)as of 31 Mar 2023160.90k1.23%
Moors & Cabot, Inc. (Investment Management)as of 31 Mar 2023141.96k1.08%
Essex Financial Services, Inc.as of 31 Mar 202350.31k0.38%
Merrill Lynch, Pierce, Fenner & Smith, Inc. (Invt Mgmt)as of 31 Mar 202341.96k0.32%
One Charles Private Wealth Services LLCas of 31 Mar 202334.29k0.26%
OFI Asset Management SAas of 30 Nov 202233.20k0.25%
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Data from 31 Mar 2023 - 31 Mar 2023Source: FactSet Research Systems Inc.
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