BidaskClub downgraded shares of Maiden (NASDAQ:MHLD) from a hold rating to a sell rating in a research report sent to investors on Thursday morning.

A number of other equities research analysts also recently commented on MHLD. Zacks Investment Research raised Maiden from a strong sell rating to a hold rating in a report on Tuesday, September 12th. FBR & Co restated a hold rating and issued a $11.00 price objective on shares of Maiden in a research report on Monday, September 25th. Keefe, Bruyette & Woods restated a hold rating and issued a $10.00 price objective on shares of Maiden in a research report on Friday, November 3rd. Finally, B. Riley restated a neutral rating and issued a $10.00 price objective on shares of Maiden in a research report on Monday, November 6th. 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. The stock presently has an average rating of Hold and an average price target of $10.40.

Maiden (MHLD) traded down $0.10 during mid-day trading on Thursday, reaching $6.75. The company’s stock had a trading volume of 292,500 shares, compared to its average volume of 646,211. 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 has a twelve month low of $5.55 and a twelve month high of $18.95. The stock has a market capitalization of $588.14, a price-to-earnings ratio of -4.12 and a beta of 1.17.

Maiden (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 had a negative return on equity of 9.10% and a negative net margin of 3.95%. The business had revenue of $653.87 million during the quarter, compared to analysts’ expectations of $708.04 million. During the same quarter in the previous year, the business earned $0.39 EPS. The business’s revenue for the quarter was down 6.4% on a year-over-year basis. equities research analysts forecast that Maiden will post -0.35 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be paid a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a yield of 8.89%. The ex-dividend date is Friday, December 29th. Maiden’s dividend payout ratio (DPR) is currently -36.59%.

In related news, Director Raymond Michael Neff acquired 46,500 shares of the stock in a transaction on Monday, November 13th. The shares were bought at an average price of $6.40 per share, with a total value of $297,600.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 10.00% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Cornerstone Capital Management Holdings LLC. acquired a new position in shares of Maiden in the third quarter worth about $474,000. Engineers Gate Manager LP acquired a new stake in Maiden during the 3rd quarter valued at $129,000. Salzhauer Michael raised its stake in Maiden by 120.1% during the 3rd quarter. Salzhauer Michael now owns 38,493 shares of the insurance provider’s stock valued at $306,000 after purchasing an additional 21,005 shares during the period. Schwab Charles Investment Management Inc. raised its stake in Maiden by 9.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 684,310 shares of the insurance provider’s stock valued at $5,441,000 after purchasing an additional 60,847 shares during the period. Finally, Wells Fargo & Company MN raised its stake in Maiden by 14.1% during the 3rd quarter. Wells Fargo & Company MN now owns 1,577,213 shares of the insurance provider’s stock valued at $12,539,000 after purchasing an additional 194,708 shares during the period. 65.83% of the stock is currently owned by institutional investors and hedge funds.

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Maiden 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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