Maiden Holdings Ltd. (MHLD) Cut to “Market Perform” at FBR & Co
Separately, Zacks Investment Research upgraded shares of Maiden Holdings from a sell rating to a hold rating in a research note on Tuesday, October 4th.
Maiden Holdings (NASDAQ:MHLD) opened at 15.40 on Monday. The company’s 50-day moving average is $14.54 and its 200 day moving average is $13.49. Maiden Holdings has a 1-year low of $11.14 and a 1-year high of $16.95. The stock has a market capitalization of $1.33 billion, a PE ratio of 10.47 and a beta of 1.10.
Maiden Holdings (NASDAQ:MHLD) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by $0.01. Maiden Holdings had a net margin of 5.51% and a return on equity of 13.56%. The business had revenue of $628.28 million for the quarter, compared to analyst estimates of $629.60 million. During the same quarter in the previous year, the firm posted $0.34 earnings per share. The business’s revenue was down 4.6% on a year-over-year basis. Equities analysts predict that Maiden Holdings will post $1.52 earnings per share for the current year.
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The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Tuesday, January 3rd will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.90%. This is a boost from Maiden Holdings’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, December 29th. Maiden Holdings’s payout ratio is presently 38.36%.
In other Maiden Holdings news, CFO Karen Schmitt sold 20,000 shares of Maiden Holdings stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $15.99, for a total transaction of $319,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 7.40% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. Coldstream Capital Management Inc. boosted its stake in shares of Maiden Holdings by 195.2% in the second quarter. Coldstream Capital Management Inc. now owns 51,367 shares of the company’s stock valued at $629,000 after buying an additional 33,965 shares during the last quarter. Swiss National Bank boosted its position in Maiden Holdings by 7.4% in the second quarter. Swiss National Bank now owns 102,700 shares of the company’s stock valued at $1,257,000 after buying an additional 7,100 shares in the last quarter. Prudential Financial Inc. boosted its position in Maiden Holdings by 15.8% in the second quarter. Prudential Financial Inc. now owns 167,844 shares of the company’s stock valued at $2,054,000 after buying an additional 22,900 shares in the last quarter. Fox Run Management L.L.C. purchased a new position in Maiden Holdings during the second quarter valued at about $125,000. Finally, Lucus Advisors LLC purchased a new position in Maiden Holdings during the second quarter valued at about $351,000. Institutional investors and hedge funds own 69.61% of the company’s stock.
Maiden Holdings Company Profile
Maiden Holdings, Ltd. (Maiden) is a holding company. The Company is focused 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. Maiden operates through two segments: Diversified Reinsurance and AmTrust Reinsurance.
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