Maiden Holdings, Ltd. (NASDAQ:MHLD) Stake Increased by State of Alaska Department of Revenue
State of Alaska Department of Revenue raised its stake in Maiden Holdings, Ltd. (NASDAQ:MHLD) by 79.5% during the second quarter, Holdings Channel reports. The fund owned 14,523 shares of the insurance provider’s stock after buying an additional 6,433 shares during the period. State of Alaska Department of Revenue’s holdings in Maiden Holdings were worth $161,000 at the end of the most recent reporting period.
A number of other institutional investors have also added to or reduced their stakes in the company. First Citizens Bank & Trust Co. acquired a new position in Maiden Holdings during the first quarter valued at about $144,000. TFS Capital LLC acquired a new position in Maiden Holdings during the first quarter valued at about $163,000. TNB Financial acquired a new position in Maiden Holdings during the first quarter valued at about $196,000. Two Sigma Securities LLC acquired a new position in Maiden Holdings during the first quarter valued at about $206,000. Finally, BNP Paribas Arbitrage SA boosted its position in Maiden Holdings by 17.8% in the first quarter. BNP Paribas Arbitrage SA now owns 15,729 shares of the insurance provider’s stock valued at $220,000 after buying an additional 2,376 shares during the last quarter. Institutional investors own 66.49% of the company’s stock.
Maiden Holdings, Ltd. (NASDAQ MHLD) traded down 23.460% during trading on Wednesday, reaching $8.075. The company’s stock had a trading volume of 747,087 shares. Maiden Holdings, Ltd. has a 52 week low of $7.20 and a 52 week high of $18.95. The stock has a market capitalization of $698.92 million, a price-to-earnings ratio of 134.583 and a beta of 1.18. The firm has a 50 day moving average of $11.10 and a 200 day moving average of $13.29.
Maiden Holdings (NASDAQ:MHLD) last announced its quarterly earnings results on Tuesday, August 8th. The insurance provider reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.29 by $0.43. Maiden Holdings had a net margin of 1.37% and a return on equity of 3.41%. The firm had revenue of $753.18 million during the quarter, compared to analyst estimates of $740.30 million. Analysts expect that Maiden Holdings, Ltd. will post $1.41 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be paid a $0.15 dividend. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.60 annualized dividend and a dividend yield of 5.69%. Maiden Holdings’s payout ratio is currently 400.00%.
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Several research firms have issued reports on MHLD. FBR & Co dropped their target price 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. Compass Point upgraded Maiden Holdings from a “neutral” rating to a “buy” rating and set a $15.00 target price on the stock in a research report on Wednesday, May 10th. BidaskClub cut Maiden Holdings from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $19.00 target price on shares of Maiden Holdings in a research report on Friday, June 9th. Two equities research analysts have rated the stock with a sell rating and three have assigned a buy rating to the company. The company currently has an average rating of “Hold” and an average price target of $16.25.
Maiden Holdings Company Profile
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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