Maiden Holdings, Ltd. (NASDAQ:MHLD) Director Raymond Michael Neff bought 46,500 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were bought at an average price of $6.40 per share, with a total value of $297,600.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) traded up $0.07 during mid-day trading on Thursday, hitting $6.25. 1,264,400 shares of the stock were exchanged, compared to its average volume of 634,454. Maiden Holdings, Ltd. has a 12-month low of $6.00 and a 12-month high of $18.95. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.27.
Maiden Holdings (NASDAQ:MHLD) last issued its quarterly earnings data on Wednesday, November 8th. The insurance provider reported ($0.66) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.77). Maiden Holdings had a negative net margin of 3.95% and a negative return on equity of 9.10%. The business had revenue of $653.87 million for the quarter, compared to the consensus estimate of $708.04 million. During the same period in the previous year, the firm earned $0.39 EPS. The company’s revenue was down 6.4% on a year-over-year basis. sell-side analysts forecast that Maiden Holdings, Ltd. will post -0.35 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be given a dividend of $0.15 per share. This represents a $0.60 dividend on an annualized basis and a dividend yield of 9.60%. The ex-dividend date of this dividend is Friday, December 29th. Maiden Holdings’s payout ratio is -36.59%.
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A number of brokerages have weighed in on MHLD. BidaskClub lowered shares of Maiden Holdings from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. JMP Securities reiterated a “mkt outperform” rating and set a $9.00 target price on shares of Maiden Holdings in a research note on Thursday, August 10th. B. Riley reiterated a “neutral” rating and set a $10.00 target price on shares of Maiden Holdings in a research note on Monday, November 6th. Zacks Investment Research downgraded shares of Maiden Holdings from a “hold” rating to a “strong sell” rating in a research report on Saturday, September 23rd. Finally, Keefe, Bruyette & Woods downgraded shares of Maiden Holdings from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $17.00 to $10.00 in a research report on Thursday, August 10th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. Maiden Holdings has an average rating of “Hold” and an average price target of $11.00.
A number of institutional investors have recently modified their holdings of the stock. Cornerstone Capital Management Holdings LLC. bought a new position in Maiden Holdings in the 3rd quarter worth $474,000. Engineers Gate Manager LP bought a new position in Maiden Holdings in the 3rd quarter worth $129,000. Salzhauer Michael boosted its holdings in Maiden Holdings by 120.1% in the 3rd quarter. Salzhauer Michael now owns 38,493 shares of the insurance provider’s stock worth $306,000 after buying an additional 21,005 shares during the period. Schwab Charles Investment Management Inc. boosted its holdings in Maiden Holdings by 9.8% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 684,310 shares of the insurance provider’s stock worth $5,441,000 after buying an additional 60,847 shares during the period. Finally, Wells Fargo & Company MN boosted its holdings in Maiden Holdings by 14.1% in the 3rd quarter. Wells Fargo & Company MN now owns 1,577,213 shares of the insurance provider’s stock worth $12,539,000 after buying an additional 194,708 shares during the period. 68.51% of the stock is owned by institutional investors.
Maiden Holdings 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.
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