Maiden Holdings, Ltd. (NASDAQ:MHLD) was down 0.8% on Wednesday . The stock traded as low as $6.55 and last traded at $6.60. Approximately 1,032,011 shares were traded during trading, an increase of 77% from the average daily volume of 583,666 shares. The stock had previously closed at $6.55.

Several equities research analysts have weighed in on MHLD shares. BidaskClub raised shares of Maiden Holdings from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. FBR & Co reissued a “hold” rating and set a $13.00 price target on shares of Maiden Holdings in a research report on Tuesday, June 27th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $19.00 price target on shares of Maiden Holdings in a research report on Friday, June 9th. JMP Securities reissued a “mkt outperform” rating and set a $9.00 price target on shares of Maiden Holdings in a research report on Thursday, August 10th. Finally, Compass Point raised shares of Maiden Holdings from a “neutral” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Wednesday, May 10th. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the stock. The stock currently has an average rating of “Hold” and an average target price of $11.50.

The stock’s market capitalization is $569.53 million. The firm’s 50 day moving average is $8.94 and its 200 day moving average is $11.61.

Maiden Holdings (NASDAQ:MHLD) last posted its quarterly earnings data on Tuesday, August 8th. The insurance provider reported ($0.14) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.29 by $0.43. Maiden Holdings had a negative net margin of 2.16% and a negative return on equity of 8.58%. The firm had revenue of $753.18 million for the quarter, compared to the consensus estimate of $740.30 million. Equities analysts expect that Maiden Holdings, Ltd. will post $0.74 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 9.13%. The ex-dividend date of this dividend is Friday, September 29th. Maiden Holdings’s dividend payout ratio (DPR) is -120.00%.

A number of hedge funds have recently bought and sold shares of the business. BlackRock Inc. increased its position in Maiden Holdings by 60,759.0% during the first quarter. BlackRock Inc. now owns 7,940,270 shares of the insurance provider’s stock valued at $111,162,000 after acquiring an additional 7,927,223 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Maiden Holdings by 7.5% in the second quarter. Dimensional Fund Advisors LP now owns 7,104,728 shares of the insurance provider’s stock worth $78,863,000 after purchasing an additional 493,436 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Maiden Holdings by 1.5% in the second quarter. Vanguard Group Inc. now owns 6,567,499 shares of the insurance provider’s stock worth $72,900,000 after purchasing an additional 95,376 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of Maiden Holdings by 419.2% in the second quarter. Principal Financial Group Inc. now owns 3,016,021 shares of the insurance provider’s stock worth $33,479,000 after purchasing an additional 2,435,153 shares during the last quarter. Finally, State Street Corp grew its holdings in shares of Maiden Holdings by 9.6% in the first quarter. State Street Corp now owns 1,797,085 shares of the insurance provider’s stock worth $25,158,000 after purchasing an additional 157,245 shares during the last quarter. Institutional investors and hedge funds own 67.06% of the company’s stock.

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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.