Goldman Sachs Group Inc. decreased its position in shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) by 17.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,488,013 shares of the insurance provider’s stock after selling 531,073 shares during the quarter. Goldman Sachs Group Inc. owned approximately 2.87% of Maiden Holdings worth $27,617,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also recently made changes to their positions in MHLD. Bank of New York Mellon Corp boosted its position in shares of Maiden Holdings by 49.5% during the 1st quarter. Bank of New York Mellon Corp now owns 1,593,854 shares of the insurance provider’s stock valued at $22,314,000 after acquiring an additional 528,032 shares during the last quarter. BNP Paribas Arbitrage SA boosted its position in shares of Maiden Holdings by 17.8% during the 1st quarter. BNP Paribas Arbitrage SA now owns 15,729 shares of the insurance provider’s stock valued at $220,000 after acquiring an additional 2,376 shares during the last quarter. Comerica Bank boosted its position in shares of Maiden Holdings by 4.2% during the 1st quarter. Comerica Bank now owns 81,077 shares of the insurance provider’s stock valued at $1,026,000 after acquiring an additional 3,296 shares during the last quarter. Swiss National Bank boosted its position in shares of Maiden Holdings by 21.4% during the 1st quarter. Swiss National Bank now owns 120,700 shares of the insurance provider’s stock valued at $1,690,000 after acquiring an additional 21,300 shares during the last quarter. Finally, State of Tennessee Treasury Department boosted its position in shares of Maiden Holdings by 17.8% during the 1st quarter. State of Tennessee Treasury Department now owns 68,845 shares of the insurance provider’s stock valued at $964,000 after acquiring an additional 10,390 shares during the last quarter. 66.88% of the stock is currently owned by hedge funds and other institutional investors.

Maiden Holdings, Ltd. (MHLD) opened at 8.55 on Thursday. The firm has a 50-day moving average of $7.65 and a 200-day moving average of $10.29. The firm’s market cap is $740.60 million. Maiden Holdings, Ltd. has a 52-week low of $6.25 and a 52-week high of $18.95.

Maiden Holdings (NASDAQ:MHLD) last issued its quarterly earnings results on Tuesday, August 8th. The insurance provider reported ($0.14) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $740.30 million. Equities analysts anticipate that Maiden Holdings, Ltd. will post $0.55 EPS for the current year.

The firm 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. This represents a $0.60 dividend on an annualized basis and a yield of 7.02%. The ex-dividend date of this dividend is Friday, September 29th. Maiden Holdings’s payout ratio is -120.00%.

Several research analysts have recently weighed in on MHLD shares. FBR & Co reissued a “hold” rating and set a $11.00 price target on shares of Maiden Holdings in a research report on Monday, September 25th. Zacks Investment Research raised shares of Maiden Holdings from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 12th. Keefe, Bruyette & Woods cut shares of Maiden Holdings from an “outperform” rating to a “market perform” rating and lowered their price target for the company from $17.00 to $10.00 in a research report on Thursday, August 10th. 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, BidaskClub cut shares of Maiden Holdings from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $11.25.

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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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Institutional Ownership by Quarter for Maiden Holdings (NASDAQ:MHLD)

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