Maiden Holdings, Ltd. (NASDAQ:MHLD) Director Raymond Michael Neff acquired 46,500 shares of the company’s stock in a transaction dated Monday, November 13th. The stock was acquired at an average price of $6.40 per share, for a total transaction of $297,600.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Maiden Holdings, Ltd. (NASDAQ MHLD) traded down $0.75 during mid-day trading on Tuesday, reaching $6.17. The company had a trading volume of 2,397,600 shares, compared to its average volume of 629,677. Maiden Holdings, Ltd. has a fifty-two week low of $6.15 and a fifty-two week high of $18.95. 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 released its 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 return on equity of 9.10% and a negative net margin of 3.95%. The firm had revenue of $653.87 million for the quarter, compared to analyst estimates of $708.04 million. During the same period last year, the business earned $0.39 earnings per share. The firm’s quarterly revenue was down 6.4% compared to the same quarter last year. sell-side analysts predict that Maiden Holdings, Ltd. will post -0.35 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors 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 yield of 9.72%. The ex-dividend date of this dividend is Friday, December 29th. Maiden Holdings’s dividend payout ratio (DPR) is presently -36.81%.

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A number of hedge funds have recently added to or reduced their stakes in the stock. Louisiana State Employees Retirement System grew its position in Maiden Holdings by 0.3% during the second quarter. Louisiana State Employees Retirement System now owns 30,000 shares of the insurance provider’s stock worth $333,000 after buying an additional 100 shares in the last quarter. Arizona State Retirement System grew its position in Maiden Holdings by 0.5% during the second quarter. Arizona State Retirement System now owns 38,400 shares of the insurance provider’s stock worth $426,000 after buying an additional 200 shares in the last quarter. Quantum Capital Management grew its position in Maiden Holdings by 1.8% during the second quarter. Quantum Capital Management now owns 11,890 shares of the insurance provider’s stock worth $132,000 after buying an additional 209 shares in the last quarter. Texas Permanent School Fund grew its position in Maiden Holdings by 1.2% during the second quarter. Texas Permanent School Fund now owns 53,714 shares of the insurance provider’s stock worth $596,000 after buying an additional 621 shares in the last quarter. Finally, Legal & General Group Plc grew its position in Maiden Holdings by 0.5% during the first quarter. Legal & General Group Plc now owns 126,462 shares of the insurance provider’s stock worth $1,769,000 after buying an additional 675 shares in the last quarter. 68.51% of the stock is currently owned by institutional investors and hedge funds.

A number of equities analysts have recently commented on MHLD shares. Zacks Investment Research upgraded Maiden Holdings from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 12th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $10.00 price objective on shares of Maiden Holdings in a research note on Friday, November 3rd. FBR & Co reiterated a “hold” rating and issued a $11.00 price objective on shares of Maiden Holdings in a research note on Monday, September 25th. JMP Securities reiterated a “mkt outperform” rating and issued a $9.00 price objective on shares of Maiden Holdings in a research note on Thursday, August 10th. Finally, BidaskClub lowered Maiden Holdings from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. Maiden Holdings has a consensus rating of “Hold” and a consensus price target of $11.00.

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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