Maiden Holdings Ltd. (MHLD) Raised to Hold at Zacks Investment Research
According to Zacks, “MAIDEN HOLDINGS is a Bermuda holding company which offers customized reinsurance products and services through Maiden Insurance Company, Ltd., its wholly owned Bermuda reinsurance subsidiary, to subsidiaries of AmTrust Financial Services, Inc. and small insurance companies and managing general agents in the United States and Europe. “
Separately, JMP Securities reaffirmed a buy rating on shares of Maiden Holdings in a research report on Tuesday, June 28th.
Shares of Maiden Holdings (NASDAQ:MHLD) opened at 13.28 on Thursday. Maiden Holdings has a 52-week low of $11.14 and a 52-week high of $16.10. The firm has a 50-day moving average of $13.78 and a 200-day moving average of $12.98. The company has a market cap of $982.95 million, a P/E ratio of 9.73 and a beta of 1.16.
Maiden Holdings (NASDAQ:MHLD) last announced its quarterly earnings results on Thursday, August 4th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by $0.01. Maiden Holdings had a return on equity of 13.98% and a net margin of 5.14%. During the same quarter in the previous year, the firm posted $0.37 earnings per share. Equities research analysts forecast that Maiden Holdings will post $1.56 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 19th. Stockholders of record on Wednesday, October 5th will be given a $0.14 dividend. The ex-dividend date is Monday, October 3rd. This represents a $0.56 annualized dividend and a dividend yield of 4.22%. Maiden Holdings’s payout ratio is presently 41.18%.
Large investors have recently made changes to their positions in the company. Norges Bank acquired a new stake in shares of Maiden Holdings during the fourth quarter valued at $16,933,000. Emerald Acquisition Ltd. purchased a new stake in Maiden Holdings during the second quarter worth approximately $4,936,000. Dimensional Fund Advisors LP boosted its stake in Maiden Holdings by 5.6% in the second quarter. Dimensional Fund Advisors LP now owns 6,056,689 shares of the company’s stock worth $74,133,000 after buying an additional 322,381 shares during the last quarter. Vanguard Group Inc. boosted its stake in Maiden Holdings by 6.4% in the second quarter. Vanguard Group Inc. now owns 5,072,039 shares of the company’s stock worth $62,081,000 after buying an additional 306,330 shares during the last quarter. Finally, Bank of Montreal Can purchased a new stake in Maiden Holdings during the second quarter worth approximately $3,444,000. 70.31% of the stock is owned by hedge funds and other institutional investors.
Maiden Holdings Company Profile
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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