Rep. Gilbert Ray Cisneros, Jr. Purchases Shares of Mesabi Trust (NYSE:MSB)

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

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

Mesabi Trust (NYSE:MSB) last released its quarterly earnings results on Friday, June 12th. The mining company reported $0.08 EPS 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 company also recently announced a quarterly dividend, which was paid on Thursday, August 20th. Shareholders of record on Thursday, July 30th were issued a $0.05 dividend. 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 is currently 23.26%.

Institutional Trading of Mesabi Trust

Institutional investors and hedge funds have recently modified their holdings of the company. Royal Bank of Canada boosted its holdings in Mesabi Trust by 14.1% in the 1st quarter. Royal Bank of Canada now owns 26,662 shares of the mining company’s stock worth $725,000 after buying an additional 3,303 shares during the period. Acadian Asset Management LLC bought a new stake in Mesabi Trust during the first quarter valued at about $44,000. Geode Capital Management LLC purchased a new position in shares of Mesabi Trust in the second quarter valued at about $265,000. Russell Investments Group Ltd. lifted its position in shares of Mesabi Trust by 29.8% in the second quarter. Russell Investments Group Ltd. now owns 17,042 shares of the mining company’s stock valued at $408,000 after acquiring an additional 3,914 shares in the last quarter. Finally, NewEdge Advisors LLC boosted its stake in shares of Mesabi Trust by 57.3% in the second quarter. NewEdge Advisors LLC now owns 1,612 shares of the mining company’s stock worth $39,000 after acquiring an additional 587 shares during the period.

Analyst Upgrades and Downgrades

Separately, Weiss Ratings reiterated a “hold (c)” rating on shares of Mesabi Trust in a research note on Wednesday, September 2nd. One analyst has rated the stock with a Hold rating, According to data from MarketBeat, the stock 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.