Maiden Holdings, Ltd. (NASDAQ:MHLD) shares shot up 6.2% on Friday . The company traded as high as $3.82 and last traded at $3.78. 604,200 shares traded hands during mid-day trading, a decline of 11% from the average session volume of 682,265 shares. The stock had previously closed at $3.56.
A number of brokerages have weighed in on MHLD. TheStreet lowered shares of Maiden from a “c-” rating to a “d+” rating in a research note on Friday, August 17th. BidaskClub lowered shares of Maiden from a “hold” rating to a “sell” rating in a research note on Wednesday, August 22nd. ValuEngine raised shares of Maiden from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Maiden in a research note on Tuesday, October 9th. They noted that the move was a valuation call. Finally, B. Riley cut 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 equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company’s stock. Maiden presently has a consensus rating of “Hold” and a consensus price target of $6.33.
The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.40.
Maiden (NASDAQ:MHLD) last announced its quarterly 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 during the quarter. Maiden had a negative net margin of 5.43% and a negative return on equity of 21.35%. Equities analysts forecast that Maiden Holdings, Ltd. will post 1.1 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, October 15th. Stockholders of record on Monday, October 1st were given a $0.05 dividend. This represents a $0.20 dividend on an annualized basis and a dividend yield of 5.29%. The ex-dividend date of this dividend was Friday, September 28th. Maiden’s dividend payout ratio is presently -9.26%.
Hedge funds have recently made changes to their positions in the company. Wells Fargo & Company MN lifted its position in shares of Maiden by 10.9% in the second quarter. Wells Fargo & Company MN now owns 1,437,815 shares of the insurance provider’s stock worth $11,142,000 after purchasing an additional 141,556 shares in the last quarter. PVG Asset Management Corp bought a new stake in shares of Maiden in the second quarter worth $616,000. Legal & General Group Plc lifted its position in shares of Maiden by 10.8% in the first quarter. Legal & General Group Plc now owns 148,746 shares of the insurance provider’s stock worth $969,000 after purchasing an additional 14,538 shares in the last quarter. SG Americas Securities LLC bought a new stake in shares of Maiden in the second quarter worth $183,000. Finally, Schwab Charles Investment Management Inc. lifted its position in shares of Maiden by 10.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 809,165 shares of the insurance provider’s stock worth $6,272,000 after purchasing an additional 73,525 shares in the last quarter. 62.03% of the stock is currently owned by institutional investors and hedge funds.
Maiden Company Profile (NASDAQ:MHLD)
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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