BidaskClub lowered shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) from a sell rating to a strong sell rating in a research report sent to investors on Monday, July 31st.
A number of other research firms have also recently issued reports on MHLD. FBR & Co dropped their price target on shares of Maiden Holdings from $13.00 to $12.00 and set a mkt perform rating on the stock in a research note on Tuesday, July 11th. Keefe, Bruyette & Woods reaffirmed a buy rating and set a $19.00 target price on shares of Maiden Holdings in a research note on Friday, June 9th. TheStreet cut shares of Maiden Holdings from a b rating to a c+ rating in a research note on Monday, April 3rd. Compass Point raised shares of Maiden Holdings from a neutral rating to a buy rating and set a $15.00 target price on the stock in a research note on Wednesday, May 10th. Finally, Zacks Investment Research cut shares of Maiden Holdings from a hold rating to a strong sell rating in a research note on Wednesday, April 5th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average target price of $11.50.
Shares of Maiden Holdings (MHLD) traded up 1.41% on Monday, reaching $7.20. 900,643 shares of the company’s stock traded hands. Maiden Holdings has a 12-month low of $6.85 and a 12-month high of $18.95. The stock has a 50-day moving average price of $10.15 and a 200-day moving average price of $12.59. The company’s market cap is $623.66 million.
Maiden Holdings (NASDAQ:MHLD) last announced its quarterly earnings data on Tuesday, August 8th. The insurance provider reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.43. Maiden Holdings had a negative net margin of 0.61% and a negative return on equity of 0.55%. The company had revenue of $753.18 million during the quarter, compared to analysts’ expectations of $740.30 million. Equities research analysts anticipate that Maiden Holdings will post $0.74 EPS for the current fiscal year.
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The business also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, September 29th. This represents a $0.60 annualized dividend and a dividend yield of 8.33%. Maiden Holdings’s dividend payout ratio is presently -120.00%.
Several hedge funds and other institutional investors have recently bought and sold shares of MHLD. State of Alaska Department of Revenue raised its stake in shares of Maiden Holdings by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 8,090 shares of the insurance provider’s stock valued at $113,000 after buying an additional 170 shares during the period. SG Americas Securities LLC bought a new stake in shares of Maiden Holdings during the second quarter valued at about $115,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Maiden Holdings during the second quarter valued at about $115,000. Koch Industries Inc. bought a new stake in shares of Maiden Holdings during the second quarter valued at about $126,000. Finally, Quantum Capital Management raised its stake in shares of Maiden Holdings by 1.8% in the second quarter. Quantum Capital Management now owns 11,890 shares of the insurance provider’s stock worth $132,000 after buying an additional 209 shares during the period. Institutional investors and hedge funds own 67.62% of the company’s stock.
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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