Maiden Holdings Ltd. (MHLD) Trading Down 2.2%
Maiden Holdings Ltd. (NASDAQ:MHLD)’s share price dropped 2.2% on Wednesday . The company traded as low as $11.89 and last traded at $11.95, with a volume of 207,531 shares. The stock had previously closed at $12.22.
MHLD has been the subject of a number of research analyst reports. JMP Securities reaffirmed a “buy” rating on shares of Maiden Holdings in a research note on Tuesday, June 28th. Zacks Investment Research raised shares of Maiden Holdings from a “strong sell” rating to a “hold” rating in a research note on Thursday, April 28th.
The firm has a 50-day moving average price of $12.76 and a 200 day moving average price of $12.95. The company has a market capitalization of $879.76 million and a P/E ratio of 9.54.
Maiden Holdings (NASDAQ:MHLD) last issued its quarterly earnings data on Wednesday, May 4th. The company reported $0.37 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.37. During the same quarter last year, the business earned $0.35 EPS. The business earned $659.40 million during the quarter, compared to the consensus estimate of $609.60 million. The firm’s quarterly revenue was up 7.9% compared to the same quarter last year. On average, analysts anticipate that Maiden Holdings Ltd. will post $1.63 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, July 15th. Investors of record on Friday, July 1st will be issued a $0.14 dividend. The ex-dividend date of this dividend is Wednesday, June 29th. This represents a $0.56 dividend on an annualized basis and a yield of 4.71%.
Other hedge funds and institutional investors have modified their holdings of the company. California State Teachers Retirement System raised its position in shares of Maiden Holdings by 1.8% in the fourth quarter. California State Teachers Retirement System now owns 93,780 shares of the company’s stock worth $1,398,000 after buying an additional 1,700 shares during the period. WBI Investments Inc. acquired a new position in shares of Maiden Holdings during the fourth quarter worth about $1,736,000. Cornercap Investment Counsel Inc. raised its position in shares of Maiden Holdings by 0.4% in the fourth quarter. Cornercap Investment Counsel Inc. now owns 135,790 shares of the company’s stock worth $2,025,000 after buying an additional 550 shares during the period. Bank of Montreal Can raised its position 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. Finally, Matarin Capital Management LLC acquired a new position in shares of Maiden Holdings during the fourth quarter worth about $4,361,000.
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.