Zacks Investment Research upgraded shares of Maiden Holdings Ltd. (NASDAQ:MHLD) from a sell rating to a hold rating in a research note released on Wednesday.

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 reiterated a buy rating on shares of Maiden Holdings in a research report on Tuesday, June 28th.

Maiden Holdings (NASDAQ:MHLD) opened at 13.75 on Wednesday. The firm has a market cap of $1.02 billion, a P/E ratio of 10.07 and a beta of 1.13. Maiden Holdings has a 12 month low of $11.14 and a 12 month high of $16.10. The company’s 50-day moving average is $13.30 and its 200 day moving average is $13.02.

Maiden Holdings (NASDAQ:MHLD) last posted its quarterly earnings data 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 period in the prior year, the firm posted $0.37 EPS. Equities research analysts expect that Maiden Holdings will post $1.56 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 19th. Investors of record on Wednesday, October 5th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.07%. The ex-dividend date is Monday, October 3rd. Maiden Holdings’s payout ratio is currently 41.18%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Teacher Retirement System of Texas boosted its position in shares of Maiden Holdings by 21.2% in the second quarter. Teacher Retirement System of Texas now owns 8,235 shares of the company’s stock worth $101,000 after buying an additional 1,440 shares during the last quarter. Sei Investments Co. raised its stake in Maiden Holdings by 163.5% in the second quarter. Sei Investments Co. now owns 8,616 shares of the company’s stock valued at $106,000 after buying an additional 5,346 shares during the period. Fox Run Management L.L.C. acquired a new stake in Maiden Holdings during the second quarter valued at $125,000. BNP Paribas Arbitrage SA raised its stake in Maiden Holdings by 173.1% in the third quarter. BNP Paribas Arbitrage SA now owns 11,033 shares of the company’s stock valued at $140,000 after buying an additional 6,993 shares during the period. Finally, US Bancorp DE raised its stake in Maiden Holdings by 0.6% in the second quarter. US Bancorp DE now owns 11,933 shares of the company’s stock valued at $147,000 after buying an additional 73 shares during the period. Institutional investors own 70.33% of the company’s stock.

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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