Mesabi Trust (NYSE:MSB) Stock Bought Rep. Gilbert Ray Cisneros, Jr.

Representative Gilbert Ray Cisneros, Jr. (Democratic-California) recently bought shares of Mesabi Trust (NYSE:MSB). In a filing disclosed on September 04th, the Representative disclosed that they had bought between $15,001 and $50,000 in Mesabi Trust stock on July 31st. The trade occurred in the Representative’s “150 MAIN STREET TRUST > WELLS FARGO ADVISORS” account.

Representative Gilbert Ray Cisneros, Jr. also recently made the following trade(s):

• Purchased $1,001 – $15,000 in shares of Praxis Precision Medicines (NASDAQ:PRAX) on 7/30/2026.
• Purchased $15,001 – $50,000 in shares of Alkermes (NASDAQ:ALKS) on 7/30/2026.
• Sold $15,001 – $50,000 in shares of Crinetics Pharmaceuticals (NASDAQ:CRNX) on 7/30/2026.
• Sold $100,001 – $250,000 in shares of Alibaba Group (NYSE:BABA) on 7/24/2026.
• Sold $1,001 – $15,000 in shares of Adobe (NASDAQ:ADBE) on 7/24/2026.
• Sold $1,001 – $15,000 in shares of Viavi Solutions (NASDAQ:VIAV) on 7/21/2026.
• Purchased $1,001 – $15,000 in shares of SailPoint (NASDAQ:SAIL) on 7/21/2026.
• Purchased $1,001 – $15,000 in shares of Glacier Bancorp (NYSE:GBCI) on 7/21/2026.
• Sold $1,001 – $15,000 in shares of FedEx (NYSE:FDX) on 7/21/2026.
• Purchased $1,001 – $15,000 in shares of Marvell Technology (NASDAQ:MRVL) on 7/17/2026.

Mesabi Trust Trading Down 1.3%

Shares of NYSE:MSB traded down $0.30 during midday trading on Tuesday, reaching $23.60. The company had a trading volume of 7,409 shares, compared to its average volume of 49,621. The company’s 50 day moving average price is $23.79 and its 200 day moving average price is $27.03. The stock has a market cap of $309.61 million, a P/E ratio of 27.41 and a beta of 0.34. Mesabi Trust has a 52-week low of $21.60 and a 52-week high of $42.38.

Mesabi Trust (NYSE:MSB) last posted its quarterly earnings data on Friday, June 12th. The mining company reported $0.08 earnings per share (EPS) for the quarter. The business had revenue of $2.25 million during the quarter. Mesabi Trust had a net margin of 75.32% and a return on equity of 54.83%.

Mesabi Trust Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Stockholders of record on Thursday, July 30th were paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date was Thursday, July 30th. Mesabi Trust’s payout ratio is presently 23.26%.

Institutional Investors Weigh In On Mesabi Trust

Several large investors have recently added to or reduced their stakes in the company. Horizon Kinetics Asset Management LLC boosted its position in Mesabi Trust by 0.9% during the fourth quarter. Horizon Kinetics Asset Management LLC now owns 3,027,698 shares of the mining company’s stock worth $116,627,000 after purchasing an additional 28,372 shares during the period. Mad River Investors lifted its stake in shares of Mesabi Trust by 8.4% during the 1st quarter. Mad River Investors now owns 321,546 shares of the mining company’s stock valued at $10,129,000 after buying an additional 24,897 shares in the last quarter. Sei Investments Co. boosted its holdings in Mesabi Trust by 100.0% in the 1st quarter. Sei Investments Co. now owns 167,766 shares of the mining company’s stock worth $5,285,000 after buying an additional 83,883 shares during the period. Bank of New York Mellon Corp grew its stake in Mesabi Trust by 7.8% in the 1st quarter. Bank of New York Mellon Corp now owns 100,198 shares of the mining company’s stock valued at $3,156,000 after buying an additional 7,230 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Mesabi Trust by 8.7% during the 4th quarter. Geode Capital Management LLC now owns 64,866 shares of the mining company’s stock valued at $2,499,000 after acquiring an additional 5,189 shares during the period.

Analyst Ratings Changes

Separately, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Mesabi Trust in a report on Wednesday, September 2nd. One research analyst has rated the stock with a Hold rating, According to MarketBeat.com, the company currently has an average rating of “Hold”.

About Representative Cisneros

Gil Cisneros (Democratic Party) is a member of the U.S. House, representing California’s 31st Congressional District. He assumed office on January 3, 2025. His current term ends on January 3, 2027.

Cisneros (Democratic Party) is running for re-election to the U.S. House to represent California’s 31st Congressional District. He declared candidacy for the 2026 election.

Gil Cisneros served in the U.S. Navy as a supply officer from 1994 to 2004. Cisneros earned a bachelor’s degree in political science from George Washington University in 1994, a master’s in business administration from Regis University in 2002, and a master’s degree in urban education policy from Brown University in 2015. His career experience includes working as a logistics manager for Frito-Lay. In 2010, Cisneros won the lottery and became involved in activism and philanthropy, founding a scholarship program for local high school students. In 2021, President Joe Biden (D) appointed Cisneros as under secretary of defense for personnel and readiness.

Mesabi Trust Company Profile

Mesabi Trust (NYSE: MSB) is a passive royalty trust that holds royalty interests in iron ore properties located on Minnesota’s Mesabi Iron Range. The trust does not engage in mining operations directly but receives royalty payments based on the volume of iron ore shipped from the underlying properties. These payments are derived from production of iron ore concentrate and taconite pellets sold to domestic and international steel producers.

Established in December 2011, Mesabi Trust was formed through the consolidation of royalty interests contributed by several mining companies.