Maiden Holdings Ltd. (NASDAQ:MHLD) was downgraded by analysts at FBR & Co from an “outperform” rating to a “market perform” rating in a research report issued to clients and investors on Monday.
Separately, Zacks Investment Research lowered Maiden Holdings from a “hold” rating to a “sell” rating in a report on Friday, August 12th.
Maiden Holdings (NASDAQ:MHLD) traded down 3.54% during mid-day trading on Monday, hitting $15.82. The stock had a trading volume of 302,389 shares. The company has a 50-day moving average of $14.47 and a 200-day moving average of $13.45. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 10.75 and a beta of 1.10. Maiden Holdings has a 12-month low of $11.14 and a 12-month high of $16.95.
Maiden Holdings (NASDAQ:MHLD) last posted its earnings results on Wednesday, November 2nd. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The company had revenue of $628.28 million for the quarter, compared to the consensus estimate of $629.60 million. Maiden Holdings had a net margin of 5.51% and a return on equity of 13.56%. The firm’s revenue for the quarter was down 4.6% compared to the same quarter last year. During the same period last year, the company posted $0.34 earnings per share. On average, analysts anticipate that Maiden Holdings will post $1.52 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Tuesday, January 3rd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, December 29th. This is an increase from Maiden Holdings’s previous quarterly dividend of $0.14. This represents a $0.60 annualized dividend and a dividend yield of 3.66%. Maiden Holdings’s payout ratio is currently 38.36%.
In other news, CFO Karen Schmitt sold 20,000 shares of the business’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $15.99, for a total transaction of $319,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 7.40% of the company’s stock.
Several institutional investors have recently modified their holdings of MHLD. First Trust Advisors LP purchased a new stake in Maiden Holdings during the second quarter worth $1,605,000. Emerald Acquisition Ltd. purchased a new stake in Maiden Holdings during the second quarter worth $4,936,000. Rothschild Asset Management Inc. increased its stake in Maiden Holdings by 8.8% in the second quarter. Rothschild Asset Management Inc. now owns 187,545 shares of the company’s stock worth $2,296,000 after buying an additional 15,106 shares during the period. Swiss National Bank increased its stake in Maiden Holdings by 7.4% in the second quarter. Swiss National Bank now owns 102,700 shares of the company’s stock worth $1,257,000 after buying an additional 7,100 shares during the period. Finally, California State Teachers Retirement System increased its stake in Maiden Holdings by 15.7% in the second quarter. California State Teachers Retirement System now owns 123,984 shares of the company’s stock worth $1,518,000 after buying an additional 16,845 shares during the period. Institutional investors and hedge funds own 69.61% of the company’s stock.
Maiden Holdings Company Profile