Short Interest in Maiden Holdings Ltd. (MHLD) Decreases By 52.0%
Maiden Holdings Ltd. (NASDAQ:MHLD) was the target of a large drop in short interest in September. As of September 30th, there was short interest totalling 2,206,866 shares, a drop of 52.0% from the September 15th total of 4,593,562 shares. Based on an average daily trading volume, of 644,249 shares, the days-to-cover ratio is currently 3.4 days. Currently, 3.8% of the shares of the stock are short sold.
A number of equities research analysts have issued reports on the stock. Zacks Investment Research raised shares of Maiden Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, August 23rd. JMP Securities reiterated a “buy” rating on shares of Maiden Holdings in a research report on Tuesday, June 28th.
Several institutional investors have recently made changes to their positions in MHLD. Teacher Retirement System of Texas raised 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 valued at $101,000 after buying an additional 1,440 shares during the period. Sei Investments Co. raised 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 valued at $106,000 after buying an additional 5,346 shares during the period. Fox Run Management L.L.C. acquired a new position in shares of Maiden Holdings during the second quarter valued at approximately $125,000. BNP Paribas Arbitrage SA raised its position in shares of Maiden Holdings by 173.1% in the third quarter. BNP Paribas Arbitrage SA now owns 11,033 shares of the company’s stock valued at $140,000 after buying an additional 6,993 shares during the period. Finally, US Bancorp DE raised 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 valued at $147,000 after buying an additional 73 shares during the period. 70.31% of the stock is currently owned by institutional investors and hedge funds.
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Maiden Holdings (NASDAQ:MHLD) opened at 13.37 on Friday. The firm has a 50-day moving average price of $13.30 and a 200 day moving average price of $13.01. The stock has a market cap of $989.61 million, a price-to-earnings ratio of 9.79 and a beta of 1.13. Maiden Holdings has a 1-year low of $11.14 and a 1-year high of $16.10.
Maiden Holdings (NASDAQ:MHLD) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by $0.01. Maiden Holdings had a return on equity of 13.98% and a net margin of 5.14%. During the same period last year, the business posted $0.37 EPS. On average, equities research analysts anticipate that Maiden Holdings will post $1.56 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 19th. Stockholders of record on Wednesday, October 5th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 4.19%. The ex-dividend date of this dividend is Monday, October 3rd. Maiden Holdings’s dividend payout ratio (DPR) is presently 41.18%.
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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