MSB Mesabi Trust

Mesabi Trust engages in the collection of and distribution of royalties and payment of expenses and liabilities. It holds interest in Peter Mitchell iron mine located near Babbitt and in Silver Bay, Minnesota. The company was founded on July 18, 1961 and is headquartered in New York, NY.

Company profile

Ticker

MSB

Exchange

Website

Incorporated in

Location

Fiscal year end

Sector

Non-Energy Minerals > Steel

Industry (SEC)

Mineral Royalty Traders

Royal Gold • Kiewit Royalty Trust • SSR Mining ...

SEC CIK

0000065172

Corporate docs

Articles of Incorporation & Bylaws

IRS number

136022277

MSB stock data

S&P 500

1M 1Y 2Y 5Y

FINRA relative short interest over last month (20 trading days) ?

Company financial data Financial data

Chart MSB financial data

Quarter (USD)	Oct 19	Jul 19	Apr 19	Jan 19
Revenue	6.56M	14.34M	5.47M	7.48M
Net income	6.15M	13.91M	4.91M	6.79M
Net profit margin	93.74%	96.98%	89.82%	90.68%
Net change in cash	-77.58K	2.21K	-431.39K	276.37K
Cash on hand	375.05K	452.63K	450.42K	881.81K
Cost of revenue	410.65K	432.54K	556.59K	697.24K

Annual (USD)	Jan 19	Jan 18	Jan 17	Jan 16
Revenue	47.29M	34.5M	10.89M	9.72M
Net income	45.56M	33.42M	9.76M	8.56M
Net profit margin	96.33%	96.89%	89.68%	88.04%
Net change in cash	566.98K	-13.38M	11.11M	-6.13M
Cash on hand	881.81K	314.84K	13.7M	2.59M
Cost of revenue	1.73M	1.07M	1.12M

Financial data from company earnings reports

Recent insider trades

MSB insider ownership history Insider history

Date	Owner	Security	Transaction	Code	$Price	#Shares	$Value	#Remaining
11 Jun 19	Robin M. Radke	Units of beneficial interest	Buy	Aquire P	29.5	498	14.69K	595.14
20 May 19	Robin M. Radke	Units of beneficial interest		Aquire L	29.89	2.81	83.99	97.14
20 Feb 19	Robin M. Radke	Units of beneficial interest		Aquire L	28.87	4.33	125.01	94.33

Data from 3, 4 and 5 filings. Stock values as filed, not updated for current price.

Institutional ownership Q3 2019

MSB institutional ownership history Ownership history

16.6% owned by funds/institutions

13F holders	Current	Prev Q	Change
Total holders	49	58	-15.5%
Opened positions	3	7	-57.1%
Closed positions	12	5	+140.0%
Increased positions	12	11	+9.1%
Reduced positions	14	16	-12.5%

13F shares	Current	Prev Q	Change
Total value	52.13M	65.62M	-20.6%
Total shares	2.18M	2.22M	-2.0%
Total puts	64.22K	43.41K	+47.9%
Total calls	43.94K	137.12K	-68.0%
Total put/call ratio	1.5	0.3	+361.6%

Largest owners	Shares	Value	Change
Beddow Capital Management	449.94K	$10.76M	-4.4%
Horizon Kinetics Asset Management	325.2K	$7.78M	+9.1%
Valueworks	188.95K	$4.52M	+12.6%
SFE Investment Counsel	184.49K	$4.4M	+33.7%
MS Morgan Stanley	177.2K	$4.24M	+15.5%
Arrowstreet Capital, Limited Partnership	133.67K	$3.2M	0.0%
Hartwell J M Limited Partnership	88.2K	$2.11M	0.0%
CS Credit Suisse	80K	$1.91M	-20.0%
BAC Bank of America	71.28K	$1.71M	-7.2%
JPM JPMorgan Chase & Co.	68.08K	$1.63M	-7.0%

Largest transactions	Shares	Bought/sold	Change
Acadian Asset Management	25.56K	-50.78K	-66.5%
SFE Investment Counsel	184.49K	+46.48K	+33.7%
Horizon Kinetics Asset Management	325.2K	+27.01K	+9.1%
MS Morgan Stanley	177.2K	+23.81K	+15.5%
Commonwealth Equity Services	22.87K	+22.87K	NEW
Valueworks	188.95K	+21.18K	+12.6%
Beddow Capital Management	449.94K	-20.75K	-4.4%
CS Credit Suisse	80K	-20K	-20.0%
Millennium Management	0	-18.74K	EXIT
Russell Investments	0	-17.4K	EXIT

Data from 13F filings. Stock values as filed, not updated for current price. Long positions only.

Financial report summary

Risks

We are subject to disputes from time to time that could result in litigation, arbitration or other administrative proceedings that could adversely affect our operating results, financial condition and the market value of Mesabi Trust Units.

Content analysis ?

Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability	H.S. senior Avg

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From filing 10-Q 2020 Q3