Ameriprise Financial Inc. lowered its position in shares of Maiden Holdings Ltd. (NASDAQ:MHLD) by 43.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 568,196 shares of the company’s stock after selling 433,905 shares during the period. Ameriprise Financial Inc. owned approximately 0.77% of Maiden Holdings worth $6,954,000 as of its most recent SEC filing.
Several other large investors have also recently bought and sold shares of MHLD. Quantum Capital Management boosted its stake in Maiden Holdings by 8.4% in the first quarter. Quantum Capital Management now owns 13,224 shares of the company’s stock worth $171,000 after buying an additional 1,021 shares during the last quarter. Hancock Holding Co. boosted its stake in Maiden Holdings by 5.3% in the first quarter. Hancock Holding Co. now owns 55,891 shares of the company’s stock worth $723,000 after buying an additional 2,830 shares during the last quarter. BTC Capital Management Inc. boosted its stake in Maiden Holdings by 10.0% in the second quarter. BTC Capital Management Inc. now owns 47,693 shares of the company’s stock worth $583,000 after buying an additional 4,337 shares during the last quarter. UBS Group AG boosted its stake in Maiden Holdings by 13.6% in the first quarter. UBS Group AG now owns 41,828 shares of the company’s stock worth $541,000 after buying an additional 5,000 shares during the last quarter. Finally, FCA Corp TX boosted its stake in Maiden Holdings by 25.0% in the second quarter. FCA Corp TX now owns 25,000 shares of the company’s stock worth $306,000 after buying an additional 5,000 shares during the last quarter. Hedge funds and other institutional investors own 70.31% of the company’s stock.
Shares of Maiden Holdings Ltd. (NASDAQ:MHLD) traded up 1.93% during midday trading on Friday, reaching $13.21. 379,830 shares of the company traded hands. The company has a market capitalization of $977.76 million, a PE ratio of 9.68 and a beta of 1.13. The company has a 50 day moving average price of $13.35 and a 200 day moving average price of $13.00. Maiden Holdings Ltd. has a 1-year low of $11.14 and a 1-year high of $16.10.
Maiden Holdings (NASDAQ:MHLD) last posted its earnings results on Thursday, August 4th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate 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 last year, the firm earned $0.37 earnings per share. On average, analysts expect that Maiden Holdings Ltd. will post $1.56 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Wednesday, October 5th will be given a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date of this dividend is Monday, October 3rd. Maiden Holdings’s dividend payout ratio is presently 41.18%.
Several equities research analysts recently issued reports on MHLD shares. JMP Securities restated a “buy” rating on shares of Maiden Holdings in a report on Tuesday, June 28th. Zacks Investment Research upgraded shares of Maiden Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, October 4th.
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.