Maiden Holdings, Ltd. (MHLD) Trading 5.3% Higher
Maiden Holdings, Ltd. (NASDAQ:MHLD)’s share price traded up 5.3% during trading on Monday . The company traded as high as $7.00 and last traded at $6.92. 1,308,300 shares traded hands during trading, an increase of 110% from the average session volume of 621,567 shares. The stock had previously closed at $6.57.
A number of equities analysts have commented on the stock. BidaskClub downgraded shares of Maiden Holdings from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. JMP Securities reaffirmed a “mkt outperform” rating and set a $9.00 target price on shares of Maiden Holdings in a research note on Thursday, August 10th. B. Riley reiterated a “neutral” rating and set a $10.00 price target on shares of Maiden Holdings in a research report on Monday, November 6th. Zacks Investment Research cut shares of Maiden Holdings from a “hold” rating to a “strong sell” rating in a research report on Saturday, September 23rd. Finally, Keefe, Bruyette & Woods cut shares of Maiden Holdings from an “outperform” rating to a “market perform” rating and dropped their price target for the company from $17.00 to $10.00 in a research report on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $11.00.
The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.18 and a current ratio of 0.18.
Maiden Holdings (NASDAQ:MHLD) last announced its quarterly earnings results on Wednesday, November 8th. The insurance provider reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.77). Maiden Holdings had a negative net margin of 3.95% and a negative return on equity of 9.10%. The company had revenue of $653.87 million for the quarter, compared to analyst estimates of $708.04 million. During the same quarter in the prior year, the business earned $0.39 earnings per share. Maiden Holdings’s revenue was down 6.4% on a year-over-year basis. research analysts anticipate that Maiden Holdings, Ltd. will post -0.35 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 8.67%. The ex-dividend date is Friday, December 29th. Maiden Holdings’s dividend payout ratio is presently -36.59%.
Hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC acquired a new position in shares of Maiden Holdings in the second quarter valued at approximately $115,000. Dynamic Technology Lab Private Ltd acquired a new position in shares of Maiden Holdings in the second quarter valued at approximately $115,000. Quantum Capital Management grew 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 purchasing an additional 209 shares in the last quarter. JFS Wealth Advisors LLC grew its holdings in shares of Maiden Holdings by 8.1% in the second quarter. JFS Wealth Advisors LLC now owns 13,481 shares of the insurance provider’s stock valued at $150,000 after purchasing an additional 1,011 shares in the last quarter. Finally, GRT Capital Partners L.L.C. acquired a new position in shares of Maiden Holdings in the second quarter valued at approximately $155,000. Hedge funds and other institutional investors own 68.51% 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.
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