17,735 Shares in Maiden Holdings, Ltd. (NASDAQ:MHLD) Acquired by ARP Americas LLC
ARP Americas LLC purchased a new position in shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) during the second quarter, Holdings Channel reports. The firm purchased 17,735 shares of the insurance provider’s stock, valued at approximately $197,000.
Other large investors also recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System raised its stake in Maiden Holdings by 0.3% in the second quarter. Louisiana State Employees Retirement System now owns 30,000 shares of the insurance provider’s stock worth $333,000 after buying an additional 100 shares during the period. State of Alaska Department of Revenue raised its stake in Maiden Holdings by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 8,090 shares of the insurance provider’s stock worth $113,000 after buying an additional 170 shares during the period. Municipal Employees Retirement System of Michigan raised its stake in Maiden Holdings by 1.3% in the first quarter. Municipal Employees Retirement System of Michigan now owns 36,580 shares of the insurance provider’s stock worth $512,000 after buying an additional 460 shares during the period. Arizona State Retirement System raised its stake in Maiden Holdings by 1.3% in the first quarter. Arizona State Retirement System now owns 38,200 shares of the insurance provider’s stock worth $535,000 after buying an additional 500 shares during the period. Finally, Texas Permanent School Fund raised its stake in Maiden Holdings by 1.2% in the second quarter. Texas Permanent School Fund now owns 53,714 shares of the insurance provider’s stock worth $596,000 after buying an additional 621 shares during the period. Hedge funds and other institutional investors own 66.49% of the company’s stock.
Maiden Holdings, Ltd. (MHLD) opened at 10.55 on Wednesday. The firm has a market capitalization of $913.13 million, a P/E ratio of 175.83 and a beta of 1.18. Maiden Holdings, Ltd. has a 52 week low of $10.25 and a 52 week high of $18.95. The stock has a 50 day moving average price of $11.10 and a 200-day moving average price of $13.29.
Maiden Holdings (NASDAQ:MHLD) last posted its earnings results on Monday, May 8th. The insurance provider reported $0.26 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.38 by $0.12. The business had revenue of $756.30 million during the quarter, compared to the consensus estimate of $647.60 million. Maiden Holdings had a return on equity of 3.41% and a net margin of 1.37%. The firm’s revenue for the quarter was up 14.7% compared to the same quarter last year. During the same period in the previous year, the business earned $0.35 earnings per share. Analysts anticipate that Maiden Holdings, Ltd. will post $1.41 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be paid a $0.15 dividend. The ex-dividend date is Friday, September 29th. This represents a $0.60 annualized dividend and a dividend yield of 5.69%. Maiden Holdings’s payout ratio is presently 400.00%.
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A number of equities research analysts have commented on the company. FBR & Co reduced their price target on Maiden Holdings from $13.00 to $12.00 and set a “mkt perform” rating on the stock in a research report on Tuesday, July 11th. BidaskClub lowered Maiden Holdings from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Keefe, Bruyette & Woods reiterated a “buy” rating and issued a $19.00 price target on shares of Maiden Holdings in a research report on Friday, June 9th. Finally, Compass Point upgraded Maiden Holdings from a “neutral” rating to a “buy” rating and set a $15.00 price target on the stock in a research report on Wednesday, May 10th. Two analysts have rated the stock with a sell rating and three have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $16.25.
About Maiden Holdings
Maiden Holdings, Ltd. (Maiden) is a holding company. The Company focuses 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. It operates through two segments: Diversified Reinsurance and AmTrust Reinsurance.
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