Maiden Holdings Ltd. (NASDAQ:MHLD) was downgraded by investment analysts at FBR & Co from an “outperform” rating to a “market perform” rating in a report issued on Monday.
Separately, Zacks Investment Research cut shares of Maiden Holdings from a “hold” rating to a “sell” rating in a research note on Friday, August 12th.
Maiden Holdings (NASDAQ:MHLD) traded down 3.35% during midday trading on Monday, hitting $15.85. The company’s stock had a trading volume of 336,212 shares. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 10.77 and a beta of 1.10. The company’s 50-day moving average is $14.47 and its 200 day moving average is $13.45. Maiden Holdings has a one year low of $11.14 and a one year high of $16.95.
Maiden Holdings (NASDAQ:MHLD) last announced its quarterly earnings data on Wednesday, November 2nd. The company reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The business earned $628.28 million during the quarter, compared to analyst estimates of $629.60 million. Maiden Holdings had a return on equity of 13.56% and a net margin of 5.51%. The business’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.34 EPS. On average, analysts predict that Maiden Holdings will post $1.52 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Tuesday, January 3rd will be issued a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 3.66%. This is a boost from Maiden Holdings’s previous quarterly dividend of $0.14. The ex-dividend date of this dividend is Thursday, December 29th. Maiden Holdings’s dividend payout ratio (DPR) is presently 38.36%.
In other Maiden Holdings news, CFO Karen Schmitt sold 20,000 shares of the firm’s stock in a transaction dated 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 7.40% of the stock is currently owned by company insiders.
Several hedge funds and other institutional investors have recently made changes to their positions in the company. First Trust Advisors LP purchased a new position in shares of Maiden Holdings during the second quarter valued at approximately $1,605,000. Emerald Acquisition Ltd. purchased a new position in shares of Maiden Holdings during the second quarter valued at approximately $4,936,000. Rothschild Asset Management Inc. boosted its position in shares of Maiden Holdings by 8.8% in the second quarter. Rothschild Asset Management Inc. now owns 187,545 shares of the company’s stock valued at $2,296,000 after buying an additional 15,106 shares during the last quarter. Swiss National Bank boosted its position in shares of Maiden Holdings by 7.4% in the second quarter. Swiss National Bank now owns 102,700 shares of the company’s stock valued at $1,257,000 after buying an additional 7,100 shares during the last quarter. Finally, California State Teachers Retirement System boosted its position in shares of Maiden Holdings by 15.7% in the second quarter. California State Teachers Retirement System now owns 123,984 shares of the company’s stock valued at $1,518,000 after buying an additional 16,845 shares during the last quarter. Institutional investors own 69.61% of the company’s stock.
About Maiden Holdings