Maiden Holdings Ltd. (MHLD) Trading Down 1.8%
Maiden Holdings Ltd. (NASDAQ:MHLD) shares fell 1.8% during trading on Wednesday . The company traded as low as $12.74 and last traded at $12.85, with a volume of 560,625 shares trading hands. The stock had previously closed at $13.09.
A number of brokerages have recently commented on MHLD. Zacks Investment Research raised shares of Maiden Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, September 15th. JMP Securities reissued a “buy” rating on shares of Maiden Holdings in a research note on Tuesday, June 28th.
The firm’s 50 day moving average price is $13.73 and its 200-day moving average price is $12.98. The firm has a market cap of $956.30 million, a price-to-earnings ratio of 9.47 and a beta of 1.16.
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Maiden Holdings (NASDAQ:MHLD) last announced its quarterly earnings data on Thursday, August 4th. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by $0.01. Maiden Holdings had a net margin of 5.14% and a return on equity of 13.98%. During the same quarter in the prior year, the company posted $0.37 earnings per share. Equities analysts expect that Maiden Holdings Ltd. will post $1.56 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 19th. Stockholders of record on Wednesday, October 5th will be given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date is Monday, October 3rd. Maiden Holdings’s dividend payout ratio (DPR) is presently 41.18%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Teacher Retirement System of Texas increased its position in shares of Maiden Holdings by 21.2% in the second quarter. Teacher Retirement System of Texas now owns 8,235 shares of the company’s stock worth $101,000 after buying an additional 1,440 shares during the period. Sei Investments Co. increased its position in shares of Maiden Holdings by 163.5% in the second quarter. Sei Investments Co. now owns 8,616 shares of the company’s stock worth $106,000 after buying an additional 5,346 shares during the period. Fox Run Management L.L.C. purchased a new position in shares of Maiden Holdings during the second quarter worth approximately $125,000. US Bancorp DE increased its position in shares of Maiden Holdings by 0.6% in the second quarter. US Bancorp DE now owns 11,933 shares of the company’s stock worth $147,000 after buying an additional 73 shares during the period. Finally, Trexquant Investment LP purchased a new position in shares of Maiden Holdings during the second quarter worth approximately $149,000. 70.31% of the stock is owned by institutional investors.
About Maiden Holdings
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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