Maiden Holdings, Ltd. (MHLD) Shares Down 0.8%
Maiden Holdings, Ltd. (NASDAQ:MHLD) traded down 0.8% during trading on Wednesday . The company traded as low as $6.55 and last traded at $6.60. 1,032,011 shares traded hands during mid-day trading, an increase of 77% from the average session volume of 583,666 shares. The stock had previously closed at $6.55.
A number of equities research analysts have commented on the company. JMP Securities reiterated a “mkt outperform” rating and issued a $9.00 price target on shares of Maiden Holdings in a research report on Thursday, August 10th. Keefe, Bruyette & Woods downgraded Maiden Holdings from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $17.00 to $10.00 in a research note on Thursday, August 10th. BidaskClub downgraded Maiden Holdings from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Finally, FBR & Co dropped their price objective on Maiden Holdings from $13.00 to $12.00 and set a “mkt perform” rating on the stock in a research note on Tuesday, July 11th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and one has given a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus price target of $11.50.
The firm’s market cap is $567.36 million. The stock’s 50-day moving average price is $8.69 and its 200 day moving average price is $11.54.
Maiden Holdings (NASDAQ:MHLD) last posted its earnings results on Tuesday, August 8th. The insurance provider reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.43. The business had revenue of $753.18 million during the quarter, compared to the consensus estimate of $740.30 million. Maiden Holdings had a negative return on equity of 0.55% and a negative net margin of 0.61%. On average, analysts predict that Maiden Holdings, Ltd. will post $0.74 earnings per share 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 of this dividend is Friday, September 29th. This represents a $0.60 annualized dividend and a dividend yield of 9.16%. Maiden Holdings’s payout ratio is presently -120.00%.
Several hedge funds and other institutional investors have recently bought and sold shares of MHLD. Teachers Advisors LLC grew its stake in shares of Maiden Holdings by 6.6% in the fourth quarter. Teachers Advisors LLC now owns 115,490 shares of the insurance provider’s stock worth $2,015,000 after purchasing an additional 7,134 shares during the last quarter. Louisiana State Employees Retirement System grew its stake in shares of Maiden Holdings by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 29,900 shares of the insurance provider’s stock worth $419,000 after purchasing an additional 500 shares during the last quarter. State of Alaska Department of Revenue grew its stake in shares of 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 purchasing an additional 170 shares during the last quarter. Eqis Capital Management Inc. bought a new stake in shares of Maiden Holdings in the first quarter worth about $244,000. Finally, Bank of New York Mellon Corp grew its stake in shares of Maiden Holdings by 49.5% in the first quarter. Bank of New York Mellon Corp now owns 1,593,854 shares of the insurance provider’s stock worth $22,314,000 after purchasing an additional 528,032 shares during the last quarter. 67.06% of the stock is currently owned by institutional investors.
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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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