Maiden Holdings Ltd. (NASDAQ:MHLD) was downgraded by investment analysts at FBR & Co from an “outperform” rating to a “market perform” rating in a research note issued on Monday.
Separately, 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 (NASDAQ:MHLD) opened at 16.40 on Monday. The stock has a market cap of $1.41 billion, a price-to-earnings ratio of 11.15 and a beta of 1.10. Maiden Holdings has a 12-month low of $11.14 and a 12-month high of $16.95. The company has a 50-day moving average price of $14.47 and a 200 day moving average price of $13.45.
Maiden Holdings (NASDAQ:MHLD) last announced its quarterly earnings results on Wednesday, November 2nd. The company reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by $0.01. The company earned $628.28 million during the quarter, compared to analyst estimates 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 quarter last year, the business earned $0.34 EPS. On average, equities research analysts predict that Maiden Holdings will post $1.52 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Tuesday, January 3rd will be given a $0.15 dividend. The ex-dividend date is Thursday, December 29th. This represents a $0.60 annualized dividend and a dividend yield of 3.66%. This is an increase from Maiden Holdings’s previous quarterly dividend of $0.14. Maiden Holdings’s payout ratio is presently 38.36%.
In other news, CFO Karen Schmitt sold 20,000 shares of the business’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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 7.40% of the stock is currently owned by insiders.
Several large investors have recently added to or reduced their stakes in MHLD. Coldstream Capital Management Inc. increased its stake in Maiden Holdings by 195.2% in the second quarter. Coldstream Capital Management Inc. now owns 51,367 shares of the company’s stock valued at $629,000 after buying an additional 33,965 shares during the last quarter. 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 valued at $1,257,000 after buying an additional 7,100 shares during the last quarter. Prudential Financial Inc. increased its stake in Maiden Holdings by 15.8% in the second quarter. Prudential Financial Inc. now owns 167,844 shares of the company’s stock valued at $2,054,000 after buying an additional 22,900 shares during the last quarter. Fox Run Management L.L.C. bought a new stake in Maiden Holdings during the second quarter valued at $125,000. Finally, Lucus Advisors LLC bought a new stake in Maiden Holdings during the second quarter valued at $351,000. 69.61% of the stock is owned by institutional investors.
About Maiden Holdings