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

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 Stock Performance

NYSE MSB opened at $23.73 on Tuesday. Mesabi Trust has a one year low of $21.60 and a one year high of $42.38. The company has a market capitalization of $311.27 million, a price-to-earnings ratio of 27.59 and a beta of 0.34. The company’s 50-day simple moving average is $23.79 and its two-hundred day simple moving average is $27.03.

Mesabi Trust (NYSE:MSB) last announced its quarterly earnings results on Friday, June 12th. The mining company reported $0.08 earnings per share for the quarter. The firm 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. Shareholders of record on Thursday, July 30th were given a dividend of $0.05 per share. The ex-dividend date of this dividend was Thursday, July 30th. This represents a $0.20 dividend on an annualized basis and a yield of 0.8%. Mesabi Trust’s dividend payout ratio (DPR) is 23.26%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the company. Horizon Kinetics Asset Management LLC lifted 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 valued at $116,627,000 after acquiring an additional 28,372 shares during the last quarter. Mad River Investors grew its holdings in Mesabi Trust by 8.4% in the first quarter. Mad River Investors now owns 321,546 shares of the mining company’s stock worth $10,129,000 after purchasing an additional 24,897 shares during the last quarter. Sei Investments Co. grew its holdings in Mesabi Trust by 100.0% in the first quarter. Sei Investments Co. now owns 167,766 shares of the mining company’s stock worth $5,285,000 after purchasing an additional 83,883 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Mesabi Trust by 7.8% during the first quarter. Bank of New York Mellon Corp now owns 100,198 shares of the mining company’s stock worth $3,156,000 after purchasing an additional 7,230 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in shares of Mesabi Trust by 8.7% during the fourth quarter. Geode Capital Management LLC now owns 64,866 shares of the mining company’s stock worth $2,499,000 after purchasing an additional 5,189 shares in the last quarter.

Wall Street Analyst Weigh In

Separately, Weiss Ratings restated a “hold (c)” rating on shares of Mesabi Trust in a report on Wednesday, September 2nd. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, Mesabi Trust 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.