Equities

Mesabi Trust

MSB:NYQ

Mesabi Trust

Actions
Basic MaterialsIndustrial Metals and Mining
  • Price (USD)17.31
  • Today's Change0.05 / 0.29%
  • Shares traded11.71k
  • 1 Year change-24.93%
  • Beta0.7885
Data delayed at least 15 minutes, as of Apr 26 2024 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)14.46m
  • Net income in USD11.28m
  • Incorporated1961
  • Employees0.00
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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)
Nuveen Core Equity Alpha Fund-100.00bn-100.00bn216.98m0.00------------------------------------------------------------
TCW Strategic Income Fund Inc16.12m22.52m218.38m--9.700.9046--13.550.47120.47120.33735.050.0536--3.46--7.50--9.43--88.80--139.72------0.00--7.71--209.90------
Apollo Senior Floating Rate Fund Inc38.67m35.96m220.05m--6.120.9401--5.692.312.312.4815.030.1046--12.04--9.733.3610.063.6667.8269.8492.9950.22----0.3569129.4047.545.15298.28----5.01
CONX Corp0.00-5.99m220.39m------583.12---0.2667-0.26670.00-0.86680.00-------11.14---17.01-------------0.2481---------124.78------
Cohen & Steers Real Estate Opp & Inc Fd16.60m30.43m220.90m--7.260.8214--13.311.821.820.992516.080.0402--6.14--7.37--11.44--23.16--183.36------0.344--22.37--151.61------
Cohen & Strs Slct Prfrrd nd ncm Fnd nc-100.00bn-100.00bn225.89m--------------------------------------------------------------
Mesabi Trust14.46m11.28m226.45m0.0020.0810.71--15.660.85960.85961.101.610.7096--9.90--55.33110.8863.37199.12----77.9893.85----0.0099.52-89.17-25.83-92.28-30.79--1.28
Sprott Focus Trust Inc8.40m27.48m227.29m--8.330.8587--27.070.91880.91880.28138.910.0322--9.33--10.5212.0110.5512.0367.8363.59327.25426.24----0.0000854.1923.623.823,487.78-----6.32
Investcorp Europe Acquisition Corp I0.00-4.41m228.43m----2.40-----0.1484-0.14840.004.710.00-------1.82---1.87--------------0.0476-------116.37------
Concord Acquisition Corp II0.006.96m229.17m--47.751.5740.17--0.22120.22120.006.720.00------3.17--3.19--------------0.00-------52.07------
Eaton Vance California Municpal Bond Fnd-100.00bn-100.00bn230.45m--------------------------------------------------------------
Abrdn Global Dynamic Dividend Fund-100.00bn-100.00bn231.25m--------------------------------------------------------------
Pimco Municipal Income Fund-100.00bn-100.00bn233.41m0.00------------------------------------------------------------
Virtus Diversified Income & Convrtble Fd8.58m18.60m236.14m--12.691.09--27.511.791.790.82820.850.026--3.11--5.638.425.768.5921.6618.44216.73392.01----0.3269107.8211.21-2.39148.8461.28--1.55
Invesco Pennsylvania Value Mncpl Incm Tr-100.00bn-100.00bn236.15m--------------------------------------------------------------
Morgan Stanley India Investment Fund Inc-100.00bn-100.00bn236.19m--------------------------------------------------------------
Data as of Apr 26 2024. Currency figures normalised to Mesabi Trust's reporting currency: US Dollar USD

Institutional shareholders

38.47%Per cent of shares held by top holders
HolderShares% Held
Horizon Kinetics Asset Management LLCas of 31 Dec 20232.92m22.26%
ValueWorks LLCas of 31 Dec 2023796.37k6.07%
Beddow Capital Management, Inc.as of 31 Dec 2023453.63k3.46%
MRM-Horizon Advisors LLCas of 31 Mar 2024285.84k2.18%
Moors & Cabot, Inc. (Investment Management)as of 31 Dec 2023240.29k1.83%
Morgan Stanley Smith Barney LLC (Investment Management)as of 31 Dec 2023143.54k1.09%
Mellon Investments Corp.as of 31 Dec 202380.19k0.61%
JPMorgan Securities LLC (Investment Management)as of 31 Dec 202346.04k0.35%
Two Sigma Investments LPas of 31 Dec 202340.74k0.31%
EagleClaw Capital Management LLCas of 31 Dec 202340.25k0.31%
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Data from 31 Dec 2023 - 31 Mar 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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