FBR & Co Downgrades Maiden Holdings Ltd. (MHLD) to Market Perform
Maiden Holdings Ltd. (NASDAQ:MHLD) was downgraded by investment analysts at FBR & Co from an “outperform” rating to a “market perform” rating in a research note issued on Monday.
Separately, Zacks Investment Research upgraded shares of Maiden Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st.
Shares of Maiden Holdings (NASDAQ:MHLD) opened at 15.60 on Monday. The firm has a 50-day moving average of $14.54 and a 200 day moving average of $13.49. Maiden Holdings has a 1-year low of $11.14 and a 1-year high of $16.95. The company has a market capitalization of $1.34 billion, a P/E ratio of 10.61 and a beta of 1.10.
Maiden Holdings (NASDAQ:MHLD) last released its quarterly earnings data on Wednesday, November 2nd. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.01. Maiden Holdings had a net margin of 5.51% and a return on equity of 13.56%. The business had revenue of $628.28 million for the quarter, compared to the consensus estimate of $629.60 million. During the same quarter last year, the business earned $0.34 EPS. Maiden Holdings’s revenue for the quarter was down 4.6% compared to the same quarter last year. On average, analysts anticipate that Maiden Holdings will post $1.52 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Tuesday, January 3rd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.85%. The ex-dividend date is Thursday, December 29th. This is a positive change from Maiden Holdings’s previous quarterly dividend of $0.14. Maiden Holdings’s dividend payout ratio (DPR) is 38.36%.
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In other news, CFO Karen Schmitt sold 20,000 shares of the firm’s stock in a transaction dated Monday, November 14th. The shares were sold at an average price of $15.99, for a total value of $319,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 7.40% of the stock is currently owned by insiders.
Large investors have recently added to or reduced their stakes in the company. UBS Group AG raised its stake in Maiden Holdings by 13.6% in the first quarter. UBS Group AG now owns 41,828 shares of the company’s stock valued at $541,000 after buying an additional 5,000 shares during the period. Barclays PLC raised its stake in shares of Maiden Holdings by 8.5% in the first quarter. Barclays PLC now owns 68,853 shares of the company’s stock worth $826,000 after buying an additional 5,406 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in shares of Maiden Holdings during the second quarter worth $125,000. Meritage Portfolio Management bought a new stake in shares of Maiden Holdings during the second quarter worth $3,364,000. Finally, Bank of Montreal Can bought a new stake in shares of Maiden Holdings during the second quarter worth $3,444,000. Hedge funds and other institutional investors own 69.61% 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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