Maiden (MHLD) Rating Reiterated by Keefe, Bruyette & Woods

Keefe, Bruyette & Woods reaffirmed their market perform rating on shares of Maiden (NASDAQ:MHLD) in a research report report published on Tuesday, The Fly reports. The analysts noted that the move was a valuation call.

A number of other equities research analysts also recently issued reports on MHLD. BidaskClub downgraded shares of Maiden from a buy rating to a hold rating in a research note on Friday, July 13th. ValuEngine raised shares of Maiden from a sell rating to a hold rating in a research note on Thursday, August 2nd. TheStreet downgraded shares of Maiden from a c- rating to a d+ rating in a research note on Friday, August 17th. Finally, B. Riley decreased their price target on shares of Maiden from $8.00 to $4.00 and set a neutral rating on the stock in a research note on Thursday, September 6th. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the stock. The stock presently has a consensus rating of Hold and an average target price of $6.33.

Shares of NASDAQ:MHLD opened at $3.14 on Tuesday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.15 and a quick ratio of 0.15. Maiden has a fifty-two week low of $2.15 and a fifty-two week high of $9.10. The firm has a market cap of $236.96 million, a P/E ratio of -1.54 and a beta of 1.10.

Maiden (NASDAQ:MHLD) last issued its earnings results on Thursday, August 9th. The insurance provider reported ($0.13) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.39). The company had revenue of $713.69 million for the quarter. Maiden had a negative return on equity of 21.35% and a negative net margin of 5.43%. Research analysts anticipate that Maiden will post 1.1 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Monday, October 1st will be paid a dividend of $0.05 per share. This represents a $0.20 dividend on an annualized basis and a yield of 6.37%. The ex-dividend date is Friday, September 28th. Maiden’s payout ratio is -9.26%.

Institutional investors have recently added to or reduced their stakes in the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Maiden in the second quarter valued at $112,000. Gargoyle Investment Advisor L.L.C. purchased a new stake in shares of Maiden in the first quarter valued at $122,000. SG Americas Securities LLC purchased a new stake in shares of Maiden in the second quarter valued at $183,000. California Public Employees Retirement System purchased a new stake in shares of Maiden in the first quarter valued at $174,000. Finally, Koch Industries Inc. raised its stake in shares of Maiden by 137.3% in the first quarter. Koch Industries Inc. now owns 27,041 shares of the insurance provider’s stock valued at $176,000 after acquiring an additional 15,647 shares during the period. 62.05% of the stock is currently owned by institutional investors.

Maiden Company Profile

Maiden Holdings, Ltd., through its subsidiaries, provides reinsurance solutions to regional and specialty insurers in the United States, Europe, and internationally. It operates in two segments, Diversified Reinsurance and AmTrust Reinsurance. The Diversified Reinsurance segment offers property and casualty reinsurance, including the writing of treaties on a quota share or excess of loss basis; and facultative risks, which are marketed through third-party intermediaries and on a direct basis.

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