Southern First Bancshares In (SFST) Shareholder Castine Capital Management Has Lifted Stake; Hodges Capital Management Position in Mesabi Tr (MSB) Decreased by $1.13 Million as Market Valuation Declined

March 27, 2018 - By Ellis Scott

Castine Capital Management Llc increased its stake in Southern First Bancshares In (SFST) by 9.69% based on its latest 2017Q3 regulatory filing with the SEC. Castine Capital Management Llc bought 16,377 shares as the company’s stock rose 3.90% with the market. The institutional investor held 185,329 shares of the finance company at the end of 2017Q3, valued at $6.74 million, up from 168,952 at the end of the previous reported quarter. Castine Capital Management Llc who had been investing in Southern First Bancshares In for a number of months, seems to be bullish on the $331.41 million market cap company. The stock decreased 0.44% or $0.2 during the last trading session, reaching $45. About 1,569 shares traded. Southern First Bancshares, Inc. (NASDAQ:SFST) has risen 34.98% since March 27, 2017 and is uptrending. It has outperformed by 18.28% the S&P500.

Hodges Capital Management Inc decreased its stake in Mesabi Tr (MSB) by 71.41% based on its latest 2017Q3 regulatory filing with the SEC. Hodges Capital Management Inc sold 51,200 shares as the company’s stock declined 11.18% while stock markets rallied. The institutional investor held 20,500 shares of the precious metals company at the end of 2017Q3, valued at $471,000, down from 71,700 at the end of the previous reported quarter. Hodges Capital Management Inc who had been investing in Mesabi Tr for a number of months, seems to be less bullish one the $325.89M market cap company. The stock decreased 2.97% or $0.76 during the last trading session, reaching $24.84. About 65,000 shares traded. Mesabi Trust (NYSE:MSB) has risen 59.04% since March 27, 2017 and is uptrending. It has outperformed by 42.34% the S&P500.

Hodges Capital Management Inc, which manages about $2.29 billion and $1.48B US Long portfolio, upped its stake in Seaspine Holdings Corp by 60,000 shares to 180,000 shares, valued at $2.02 million in 2017Q3, according to the filing. It also increased its holding in Norwegian Cruise Line Holdings (NASDAQ:NCLH) by 194,955 shares in the quarter, for a total of 235,520 shares, and has risen its stake in United Rentals Inc (NYSE:URI).

Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.72, from 1.67 in 2017Q2. It dropped, as 10 investors sold MSB shares while 9 reduced holdings. 11 funds opened positions while 7 raised stakes. 2.28 million shares or 4.82% more from 2.18 million shares in 2017Q2 were reported. Morgan Stanley owns 64,989 shares. Beach Investment Counsel Pa stated it has 17,940 shares or 0.04% of all its holdings. Renaissance Tech Llc stated it has 0% of its portfolio in Mesabi Trust (NYSE:MSB). Beddow holds 565,955 shares. Tower Rech Limited Co (Trc) invested in 321 shares or 0% of the stock. Hodges Capital Management Inc stated it has 20,500 shares or 0.03% of all its holdings. Quinn Opportunity Prns Ltd Limited Liability Company invested 0.16% in Mesabi Trust (NYSE:MSB). Arrowstreet L P, a Massachusetts-based fund reported 21,137 shares. Janney Montgomery Scott Ltd Llc has invested 0% in Mesabi Trust (NYSE:MSB). Hillsdale Investment Mngmt Inc reported 0.03% stake. Opus Grp Limited Liability Com stated it has 0.12% in Mesabi Trust (NYSE:MSB). Moreover, Ancora Limited Liability Co has 0.07% invested in Mesabi Trust (NYSE:MSB). Sfe Invest Counsel accumulated 248,026 shares or 2.4% of the stock. Barclays Public Lc has invested 0% of its portfolio in Mesabi Trust (NYSE:MSB). Royal Comml Bank Of Canada holds 2,860 shares or 0% of its portfolio.

Since January 26, 2018, it had 0 insider purchases, and 4 selling transactions for $315,034 activity. Dowling Michael D had sold 1,700 shares worth $75,230.

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