Maiden Holdings, Ltd. (MHLD) Trading Up 6.9%
Maiden Holdings, Ltd. (NASDAQ:MHLD) shares were up 6.9% during mid-day trading on Friday . The company traded as high as $7.05 and last traded at $7.00. Approximately 925,311 shares were traded during trading, an increase of 54% from the average daily volume of 600,762 shares. The stock had previously closed at $6.55.
A number of research analysts recently issued reports on MHLD shares. BidaskClub upgraded shares of Maiden Holdings from a “strong sell” rating to a “sell” rating in a research report on Saturday, June 10th. FBR & Co restated a “hold” rating and set a $13.00 target price on shares of Maiden Holdings in a research report on Tuesday, June 27th. Keefe, Bruyette & Woods restated a “buy” rating and set a $19.00 target price on shares of Maiden Holdings in a research report on Friday, June 9th. Finally, JMP Securities restated a “mkt outperform” rating and set a $9.00 target price on shares of Maiden Holdings in a research report on Thursday, August 10th. Two equities 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 price target of $11.50.
The stock’s market capitalization is $606.34 million. The firm has a 50-day moving average price of $8.58 and a 200 day moving average price of $11.51.
Maiden Holdings (NASDAQ:MHLD) last issued its quarterly earnings data 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. Maiden Holdings had a negative return on equity of 0.55% and a negative net margin of 0.61%. The business had revenue of $753.18 million for the quarter, compared to analysts’ expectations of $740.30 million. Analysts expect that Maiden Holdings, Ltd. will post $0.74 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 8.57%. The ex-dividend date of this dividend is Friday, September 29th. Maiden Holdings’s payout ratio is -120.00%.
Large investors have recently modified their holdings of the company. State of Alaska Department of Revenue boosted its holdings 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 valued at $113,000 after acquiring an additional 170 shares in the last quarter. SG Americas Securities LLC purchased a new stake in shares of Maiden Holdings in the second quarter valued at about $115,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Maiden Holdings in the second quarter valued at about $115,000. Koch Industries Inc. purchased a new stake in shares of Maiden Holdings in the second quarter valued at about $126,000. Finally, Quantum Capital Management boosted its holdings in shares of Maiden Holdings by 1.8% in the second quarter. Quantum Capital Management now owns 11,890 shares of the insurance provider’s stock valued at $132,000 after acquiring an additional 209 shares in the last quarter. 67.06% of the stock is currently owned by institutional investors and hedge funds.
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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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