Maiden Holdings Ltd. (MHLD) Sees Large Volume Increase
Maiden Holdings Ltd. (NASDAQ:MHLD) shares saw an uptick in trading volume on Monday . 12,414,624 shares traded hands during trading, an increase of 994% from the previous session’s volume of 1,135,217 shares.The stock last traded at $13.82 and had previously closed at $13.97.
A number of research firms recently issued reports on MHLD. Zacks Investment Research upgraded shares of Maiden Holdings from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 28th. JMP Securities restated a “buy” rating on shares of Maiden Holdings in a research report on Tuesday, June 28th.
The firm has a market capitalization of $1.02 billion and a P/E ratio of 11.10. The stock’s 50-day moving average price is $12.71 and its 200-day moving average price is $12.75.
Maiden Holdings (NASDAQ:MHLD) last posted its quarterly earnings results on Wednesday, May 4th. The company reported $0.37 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.37. The company earned $659.40 million during the quarter, compared to analyst estimates of $609.60 million. The company’s revenue was up 7.9% on a year-over-year basis. During the same period in the prior year, the company earned $0.35 earnings per share. Analysts anticipate that Maiden Holdings Ltd. will post $1.63 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, July 15th. Shareholders of record on Friday, July 1st were issued a dividend of $0.14 per share. The ex-dividend date was Wednesday, June 29th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.05%.
Other hedge funds have modified their holdings of the company. Dimensional Fund Advisors LP boosted its stake in shares of Maiden Holdings by 4.9% in the fourth quarter. Dimensional Fund Advisors LP now owns 5,440,336 shares of the company’s stock worth $81,116,000 after buying an additional 253,991 shares during the period. Eagle Asset Management boosted its stake in shares of Maiden Holdings by 75.4% in the third quarter. Eagle Asset Management now owns 1,991,532 shares of the company’s stock worth $27,642,000 after buying an additional 855,982 shares during the period. Wells Fargo & Company MN boosted its stake in shares of Maiden Holdings by 13.0% in the fourth quarter. Wells Fargo & Company MN now owns 1,152,217 shares of the company’s stock worth $17,180,000 after buying an additional 132,727 shares during the period. Matarin Capital Management LLC acquired a new stake in shares of Maiden Holdings during the fourth quarter worth $4,361,000. Finally, Bank of Montreal Can boosted its stake in shares of Maiden Holdings by 90.6% in the fourth quarter. Bank of Montreal Can now owns 258,386 shares of the company’s stock worth $3,852,000 after buying an additional 122,798 shares during the period.
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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