Shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) have been assigned an average recommendation of “Hold” from the eight ratings firms that are covering the stock, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $11.00.
Several equities research analysts have recently issued reports on the stock. Keefe, Bruyette & Woods lowered shares of Maiden Holdings from an “outperform” rating to a “market perform” rating and lowered their target price for the stock from $17.00 to $10.00 in a report on Thursday, August 10th. JMP Securities restated a “mkt outperform” rating and issued a $9.00 target price on shares of Maiden Holdings in a report on Thursday, August 10th. B. Riley restated a “neutral” rating and issued a $10.00 target price on shares of Maiden Holdings in a report on Monday, November 6th. FBR & Co restated a “hold” rating and issued a $11.00 target price on shares of Maiden Holdings in a report on Monday, September 25th. Finally, BidaskClub lowered shares of Maiden Holdings from a “sell” rating to a “strong sell” rating in a report on Monday, July 31st.
In related news, Director Raymond Michael Neff acquired 46,500 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The stock was bought at an average price of $6.40 per share, for a total transaction of $297,600.00. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 10.00% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of MHLD. SG Americas Securities LLC purchased a new position in Maiden Holdings during the 2nd quarter valued at about $115,000. Dynamic Technology Lab Private Ltd purchased a new position in Maiden Holdings during the 2nd quarter valued at about $115,000. Koch Industries Inc. purchased a new position in Maiden Holdings during the 2nd quarter valued at about $126,000. Engineers Gate Manager LP purchased a new position in Maiden Holdings during the 3rd quarter valued at about $129,000. Finally, Quantum Capital Management increased its position in Maiden Holdings by 1.8% during the 2nd 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 during the period. 68.49% of the stock is currently owned by institutional investors and hedge funds.
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Shares of Maiden Holdings (MHLD) traded down $0.05 during trading hours on Monday, hitting $6.10. 1,464,871 shares of the company’s stock were exchanged, compared to its average volume of 639,647. Maiden Holdings has a 1-year low of $5.55 and a 1-year high of $18.95. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.18 and a quick 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 (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.77). The firm had revenue of $653.87 million during the quarter, compared to the consensus estimate of $708.04 million. Maiden Holdings had a negative return on equity of 9.10% and a negative net margin of 3.95%. Maiden Holdings’s revenue was down 6.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.39 EPS. research analysts expect that Maiden Holdings will post -0.35 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.60 dividend on an annualized basis and a yield of 9.84%. Maiden Holdings’s payout ratio is -36.59%.
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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