Maiden (MHLD) Rating Lowered to Strong Sell at ValuEngine

Maiden (NASDAQ:MHLD) was downgraded by research analysts at ValuEngine from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Friday.

Several other research analysts have also issued reports on the company. Zacks Investment Research lowered Maiden from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 9th. BidaskClub downgraded Maiden from a “hold” rating to a “sell” rating in a research note on Thursday, December 21st. Keefe, Bruyette & Woods restated a “hold” rating and issued a $7.00 price target on shares of Maiden in a research note on Wednesday, December 6th. Finally, B. Riley restated a “neutral” rating and issued a $10.00 price target on shares of Maiden in a research note on Monday, November 6th. Three investment analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $10.40.

Shares of Maiden (MHLD) traded down $0.25 during trading hours on Friday, hitting $6.95. The stock had a trading volume of 596,627 shares, compared to its average volume of 642,179. Maiden has a 12-month low of $5.55 and a 12-month high of $18.95. The company has a market cap of $588.14, a price-to-earnings ratio of -4.24 and a beta of 1.14. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.18 and a quick ratio of 0.18.

Maiden (NASDAQ:MHLD) last announced its earnings results on Wednesday, November 8th. The insurance provider reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.77). Maiden had a negative return on equity of 9.10% and a negative net margin of 3.95%. The firm had revenue of $653.87 million during the quarter, compared to the consensus estimate of $708.04 million. During the same period in the prior year, the company posted $0.39 EPS. The firm’s revenue was down 6.4% on a year-over-year basis. analysts forecast that Maiden will post -0.35 earnings per share for the current fiscal year.

In related news, Director Raymond Michael Neff purchased 46,500 shares of the business’s stock in a transaction that occurred on Monday, November 13th. The shares were bought at an average price of $6.40 per share, for a total transaction of $297,600.00. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 10.00% of the company’s stock.

Several institutional investors have recently bought and sold shares of MHLD. SeaCrest Wealth Management LLC purchased a new stake in shares of Maiden in the 4th quarter worth approximately $103,000. Unison Advisors LLC purchased a new stake in shares of Maiden in the 4th quarter worth approximately $114,000. Dynamic Technology Lab Private Ltd purchased a new stake in Maiden during the 2nd quarter valued at $115,000. Koch Industries Inc. purchased a new stake in Maiden during the 2nd quarter valued at $126,000. Finally, Engineers Gate Manager LP purchased a new stake in Maiden during the 3rd quarter valued at $129,000. Institutional investors own 65.87% of the company’s stock.

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Maiden Company Profile

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.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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