Maiden Holdings Ltd. (MHLD) Stock Price Up 7.1%
Maiden Holdings Ltd. (NASDAQ:MHLD)’s share price rose 7.1% during trading on Wednesday . The company traded as high as $14.49 and last traded at $13.83, with a volume of 1,479,203 shares. The stock had previously closed at $12.91.
MHLD has been the topic of a number of recent analyst reports. JMP Securities reiterated a “buy” rating on shares of Maiden Holdings in a research note on Tuesday, June 28th. Zacks Investment Research raised Maiden Holdings from a “strong sell” rating to a “hold” rating in a research report on Thursday, April 28th.
The firm has a 50 day moving average price of $12.69 and a 200-day moving average price of $12.75. The stock has a market cap of $1.04 billion and a price-to-earnings ratio of 11.28.
Maiden Holdings (NASDAQ:MHLD) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $0.37 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.37. The business had revenue of $659.40 million for the quarter, compared to analyst estimates of $609.60 million. During the same quarter in the prior year, the company earned $0.35 earnings per share. The company’s quarterly revenue was up 7.9% on a year-over-year basis. On average, analysts anticipate that Maiden Holdings Ltd. will post $1.63 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, July 15th. Stockholders of record on Friday, July 1st were issued a $0.14 dividend. The ex-dividend date of this dividend was Wednesday, June 29th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 3.99%.
Several large investors have recently modified their holdings of MHLD. 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 last quarter. Matarin Capital Management LLC purchased a new stake in shares of Maiden Holdings during the fourth quarter worth about $4,361,000. WBI Investments Inc. purchased a new stake in shares of Maiden Holdings during the fourth quarter worth about $1,736,000. 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 last quarter. 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 last quarter.
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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