Shares last traded at $15.85 a tad above $14.95, the 50 day moving average and impressively higher than the 200 day moving average of $13.58. The 50 day moving average went up by +5.99% and the 200 day average moved up $2.27. (NYSE:MTR) shares saw light trading volume with 108 shares changing hands in the last trading session. Volume was down 98.62% under the stocks average daily volume.
Investors are a little more bearish on Mesa Royalty Trust if you consider the rise in short interest. The stock saw a rise in short interest of 163.23% as of the latest report on September 29, 2017. Short shares increased 5,233 over that timeframe. With short interest at 8,439 and short average daily volume at 11,366, days to cover is 1.0 and the percentage of shorted shares was 0.00% on September 29.
Here are a few substantial investment firms who have updated their positions. As of quarter end Lucas Capital Management had disposed of 1,812 shares trimming its stake by 6.3%. The value of the investment in (MTR) went from $382,000 to $317,000 a change of 17.0% quarter to quarter. Creative Planning augmented its position by buying 2,500 shares an increase of 1,250.0%. Creative Planning now controls 2,700 shares worth $32,000. The total value of its holdings increased 966.7%.
As of the end of the quarter Ubs Group Ag had sold a total of 252 shares trimming its position 66.5%. The value of the investment in Mesa Royalty Trust decreased from $5,000 to $1,000 a change of $4,000 for the reporting period. Advisory Services Network, LLC added to its holdings by buying 26 shares an increase of 2.9% in the quarter. Advisory Services Network, LLC currently owns 938 shares valued at $14,000. The value of the position overall is up by 27.3%.
The company is now up since yesterday’s close of 15.52. Mesa Royalty Trust also announced a dividend for shareholders that will be paid on Wednesday January 31st, 2018. The dividend payment will be $0.368 per share for the quarter which is $1.47 annualized. This dividend represents a yield of $9.48. The ex-dividend date is Thursday the 28th of September 2017.
The P/E ratio is 12.03 and the market cap of the company is 29.53M.
Mesa Royalty Trust, launched on November 1, 1979, owns property interests in the Hugoton Area (Kansas) and the San Juan Basin (Northwestern New Mexico and Southwestern Colorado). The Trust does not engage in any operations..