Maiden Holdings Ltd. (MHLD) Stock Price Up 7.1%
Maiden Holdings Ltd. (NASDAQ:MHLD)’s share price rose 7.1% on Wednesday . The company traded as high as $14.49 and last traded at $13.83, with a volume of 1,479,203 shares traded. The stock had previously closed at $12.91.
Several equities analysts have recently commented on the company. Zacks Investment Research raised Maiden Holdings from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 28th. JMP Securities reaffirmed a “buy” rating on shares of Maiden Holdings in a research note on Tuesday, June 28th.
The firm has a market cap of $1.02 billion and a price-to-earnings ratio of 11.06. The company’s 50-day moving average is $12.67 and its 200 day moving average is $12.74.
Maiden Holdings (NASDAQ:MHLD) last released its quarterly earnings data on Wednesday, May 4th. The company reported $0.37 earnings per share for the quarter, meeting the consensus estimate of $0.37. During the same period in the previous year, the business earned $0.35 earnings per share. The firm earned $659.40 million during the quarter, compared to analysts’ expectations of $609.60 million. The business’s revenue for the quarter was up 7.9% on a year-over-year basis. On average, equities research analysts expect that Maiden Holdings Ltd. will post $1.63 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, July 15th. Investors of record on Friday, July 1st were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 4.06%. The ex-dividend date of this dividend was Wednesday, June 29th.
A number of institutional investors have recently added to or reduced their stakes in MHLD. Dimensional Fund Advisors LP increased its position in Maiden Holdings by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,440,336 shares of the company’s stock valued at $81,116,000 after buying an additional 253,991 shares during the last quarter. Matarin Capital Management LLC purchased a new position in Maiden Holdings during the fourth quarter valued at $4,361,000. WBI Investments Inc. purchased a new position in Maiden Holdings during the fourth quarter valued at $1,736,000. Wells Fargo & Company MN increased its position in Maiden Holdings by 13.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,152,217 shares of the company’s stock valued at $17,180,000 after buying an additional 132,727 shares during the last quarter. Finally, Bank of Montreal Can increased its position in Maiden Holdings by 90.6% in the fourth quarter. Bank of Montreal Can now owns 258,386 shares of the company’s stock valued at $3,852,000 after buying an additional 122,798 shares during the last quarter.
Maiden Holdings, Ltd. (Maiden) is a holding company. The Company is focused on serving the needs of regional and specialty insurers in the United States, Europe and select other global markets by providing reinsurance solutions designed to support their capital needs. Maiden operates through two segments: Diversified Reinsurance and AmTrust Reinsurance.
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