Maiden Holdings Ltd. (NASDAQ:MHLD) was downgraded by equities researchers at FBR & Co from an “outperform” rating to a “mkt perform” rating in a report released on Monday, StockTargetPrices.com reports.
Separately, Zacks Investment Research raised shares of Maiden Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, October 4th.
Maiden Holdings (NASDAQ:MHLD) opened at 16.40 on Monday. The firm has a 50-day moving average of $14.47 and a 200-day moving average of $13.45. Maiden Holdings has a 52 week low of $11.14 and a 52 week high of $16.95. The company has a market cap of $1.41 billion, a price-to-earnings ratio of 11.15 and a beta of 1.10.
Maiden Holdings (NASDAQ:MHLD) last posted its earnings results on Wednesday, November 2nd. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by $0.01. The company earned $628.28 million during the quarter, compared to the consensus estimate of $629.60 million. Maiden Holdings had a return on equity of 13.56% and a net margin of 5.51%. The firm’s revenue was down 4.6% compared to the same quarter last year. During the same period last year, the company posted $0.34 EPS. Equities analysts forecast that Maiden Holdings will post $1.52 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Investors of record on Tuesday, January 3rd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.66%. The ex-dividend date is Thursday, December 29th. This is a positive change from Maiden Holdings’s previous quarterly dividend of $0.14. Maiden Holdings’s dividend payout ratio (DPR) is 38.36%.
In related news, CFO Karen Schmitt sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The shares were sold at an average price of $15.99, for a total value of $319,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 7.40% of the stock is currently owned by corporate insiders.
A number of hedge funds have recently added to or reduced their stakes in MHLD. Dimensional Fund Advisors LP increased its stake in Maiden Holdings by 5.6% in the second quarter. Dimensional Fund Advisors LP now owns 6,056,689 shares of the company’s stock worth $74,133,000 after buying an additional 322,381 shares in the last quarter. Vanguard Group Inc. increased its stake in Maiden Holdings by 6.4% in the second quarter. Vanguard Group Inc. now owns 5,072,039 shares of the company’s stock worth $62,081,000 after buying an additional 306,330 shares in the last quarter. Boston Partners increased its stake in Maiden Holdings by 0.8% in the third quarter. Boston Partners now owns 4,760,241 shares of the company’s stock worth $60,407,000 after buying an additional 37,888 shares in the last quarter. BlackRock Fund Advisors increased its stake in Maiden Holdings by 206.2% in the third quarter. BlackRock Fund Advisors now owns 4,294,171 shares of the company’s stock worth $54,493,000 after buying an additional 2,891,873 shares in the last quarter. Finally, LSV Asset Management increased its stake in Maiden Holdings by 1.9% in the third quarter. LSV Asset Management now owns 2,761,409 shares of the company’s stock worth $35,042,000 after buying an additional 52,400 shares in the last quarter. 69.61% of the stock is owned by institutional investors and hedge funds.
About Maiden Holdings
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.