BlackRock Inc. decreased its holdings in shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) by 1.8% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 7,730,100 shares of the insurance provider’s stock after selling 143,968 shares during the period. BlackRock Inc. owned approximately 9.30% of Maiden worth $59,908,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also made changes to their positions in the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in shares of Maiden during the second quarter worth about $112,000. SG Americas Securities LLC acquired a new stake in Maiden in the second quarter valued at about $183,000. California Public Employees Retirement System acquired a new stake in Maiden in the first quarter valued at about $174,000. Koch Industries Inc. lifted its position in Maiden by 137.3% in the first quarter. Koch Industries Inc. now owns 27,041 shares of the insurance provider’s stock valued at $176,000 after purchasing an additional 15,647 shares during the period. Finally, GSA Capital Partners LLP acquired a new stake in Maiden in the second quarter valued at about $235,000. Institutional investors and hedge funds own 62.05% of the company’s stock.
Shares of NASDAQ:MHLD opened at $3.14 on Friday. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.15 and a quick ratio of 0.15. The stock has a market capitalization of $236.96 million, a P/E ratio of -1.54 and a beta of 1.10. Maiden Holdings, Ltd. has a 52 week low of $2.15 and a 52 week high of $9.10.
Maiden (NASDAQ:MHLD) last announced its quarterly earnings data on Thursday, August 9th. The insurance provider reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.39). The firm had revenue of $713.69 million during the quarter. Maiden had a negative net margin of 5.43% and a negative return on equity of 21.35%. On average, sell-side analysts anticipate that Maiden Holdings, Ltd. will post 1.1 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 15th. Shareholders of record on Monday, October 1st will be issued a $0.05 dividend. The ex-dividend date of this dividend is Friday, September 28th. This represents a $0.20 dividend on an annualized basis and a yield of 6.37%. Maiden’s dividend payout ratio (DPR) is presently -9.26%.
A number of equities research analysts recently commented on MHLD shares. BidaskClub upgraded shares of Maiden from a “hold” rating to a “buy” rating in a research report on Saturday, July 21st. TheStreet downgraded shares of Maiden from a “c-” rating to a “d+” rating in a research report on Friday, August 17th. ValuEngine upgraded shares of Maiden from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Maiden in a research report on Tuesday. They noted that the move was a valuation call. Finally, B. Riley reduced their price objective on shares of Maiden from $8.00 to $4.00 and set a “neutral” rating for the company in a research report on Thursday, September 6th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $6.33.
Maiden Company Profile
Maiden Holdings, Ltd., through its subsidiaries, provides reinsurance solutions to regional and specialty insurers in the United States, Europe, and internationally. It operates in two segments, Diversified Reinsurance and AmTrust Reinsurance. The Diversified Reinsurance segment offers property and casualty reinsurance, including the writing of treaties on a quota share or excess of loss basis; and facultative risks, which are marketed through third-party intermediaries and on a direct basis.
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