Maiden Holdings Ltd. (NASDAQ:MHLD) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
According to Zacks, “MAIDEN HOLDINGS is a Bermuda holding company which offers customized reinsurance products and services through Maiden Insurance Company, Ltd., its wholly owned Bermuda reinsurance subsidiary, to subsidiaries of AmTrust Financial Services, Inc. and small insurance companies and managing general agents in the United States and Europe. “
Separately, JMP Securities restated a “buy” rating on shares of Maiden Holdings in a report on Tuesday, June 28th.
Shares of Maiden Holdings (NASDAQ:MHLD) traded up 1.93% on Tuesday, reaching $13.21. The company’s stock had a trading volume of 379,830 shares. Maiden Holdings has a 52-week low of $11.14 and a 52-week high of $16.10. The stock has a market cap of $977.76 million, a P/E ratio of 9.68 and a beta of 1.13. The firm’s 50 day moving average is $13.35 and its 200-day moving average is $13.00.
Maiden Holdings (NASDAQ:MHLD) last posted its earnings results 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 net margin of 5.14% and a return on equity of 13.98%. During the same period in the prior year, the business posted $0.37 earnings per share. On average, equities research analysts forecast that Maiden Holdings will post $1.56 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, October 19th. Investors of record on Wednesday, October 5th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $0.56 dividend on an annualized basis and a yield of 4.24%. Maiden Holdings’s dividend payout ratio (DPR) is currently 41.18%.
A number of hedge funds have recently modified their holdings of MHLD. Teacher Retirement System of Texas raised its stake 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 worth $101,000 after buying an additional 1,440 shares during the period. Sei Investments Co. raised its stake 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 worth $106,000 after buying an additional 5,346 shares during the period. Fox Run Management L.L.C. acquired a new stake in shares of Maiden Holdings during the second quarter worth approximately $125,000. BNP Paribas Arbitrage SA raised its stake 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 worth $140,000 after buying an additional 6,993 shares during the period. Finally, US Bancorp DE raised its stake 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 worth $147,000 after buying an additional 73 shares during the period. Institutional investors and hedge funds own 70.31% of the company’s stock.
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.