BidaskClub cut shares of Maiden (NASDAQ:MHLD) from a hold rating to a sell rating in a report published on Thursday, December 21st.
Several other research analysts have also commented on the stock. Keefe, Bruyette & Woods reaffirmed a hold rating and issued a $10.00 price target on shares of Maiden in a report on Friday, November 3rd. Zacks Investment Research downgraded shares of Maiden from a hold rating to a strong sell rating in a research report on Saturday, September 23rd. FBR & Co reiterated a hold rating and issued a $11.00 price objective on shares of Maiden in a research report on Monday, September 25th. Finally, B. Riley reiterated a neutral rating and issued a $10.00 price objective on shares of Maiden in a research report on Monday, November 6th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. The company has an average rating of Hold and an average price target of $10.40.
Shares of Maiden (NASDAQ MHLD) opened at $7.70 on Thursday. 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 has a one year low of $5.55 and a one year high of $18.95.
Maiden (NASDAQ:MHLD) last announced its quarterly earnings data on Wednesday, November 8th. The insurance provider reported ($0.66) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate 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 company had revenue of $653.87 million for the quarter, compared to analyst estimates of $708.04 million. During the same period in the prior year, the business earned $0.39 earnings per share. Maiden’s revenue 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 year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be issued a $0.15 dividend. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.79%. Maiden’s payout ratio is currently -36.59%.
In other news, Director Raymond Michael Neff bought 46,500 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were acquired at an average cost of $6.40 per share, with a total value of $297,600.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 10.00% of the company’s stock.
Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new position in shares of Maiden in the second quarter worth approximately $115,000. Dynamic Technology Lab Private Ltd purchased a new position in Maiden during the second quarter valued at approximately $115,000. Koch Industries Inc. purchased a new position in Maiden during the second quarter valued at approximately $126,000. Engineers Gate Manager LP purchased a new position in Maiden during the third quarter valued at approximately $129,000. Finally, Quantum Capital Management grew its position in Maiden by 1.8% during 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. 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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