Maiden Holdings Ltd. (NASDAQ:MHLD) was downgraded by stock 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 raised shares of Maiden Holdings from a “sell” rating to a “hold” rating in a report on Tuesday, October 4th.
Shares of Maiden Holdings (NASDAQ:MHLD) traded down 3.96% on Monday, reaching $15.75. 574,195 shares of the company’s stock traded hands. The firm’s 50-day moving average is $14.54 and its 200-day moving average is $13.49. Maiden Holdings has a 52-week low of $11.14 and a 52-week high of $16.95. The stock has a market cap of $1.36 billion, a price-to-earnings ratio of 10.71 and a beta of 1.10.
Maiden Holdings (NASDAQ:MHLD) last issued its earnings results on Wednesday, November 2nd. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.01. The firm 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 company’s quarterly revenue was down 4.6% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.34 EPS. Analysts anticipate that Maiden Holdings will post $1.52 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Stockholders of record on Tuesday, January 3rd will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.81%. This is a boost from Maiden Holdings’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, December 29th. Maiden Holdings’s payout ratio is presently 38.36%.
In other Maiden Holdings news, CFO Karen Schmitt sold 20,000 shares of the company’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 transaction of $319,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 7.40% of the company’s stock.
A number of hedge funds have recently made changes to their positions in MHLD. Coldstream Capital Management Inc. boosted its stake in shares of Maiden Holdings by 195.2% in the second quarter. Coldstream Capital Management Inc. now owns 51,367 shares of the company’s stock worth $629,000 after buying an additional 33,965 shares in the last quarter. Swiss National Bank boosted its stake 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 worth $1,257,000 after buying an additional 7,100 shares in the last quarter. Prudential Financial Inc. boosted its stake in shares of Maiden Holdings by 15.8% in the second quarter. Prudential Financial Inc. now owns 167,844 shares of the company’s stock worth $2,054,000 after buying an additional 22,900 shares in the last quarter. Fox Run Management L.L.C. acquired a new stake in shares of Maiden Holdings during the second quarter worth approximately $125,000. Finally, Lucus Advisors LLC acquired a new stake in shares of Maiden Holdings during the second quarter worth approximately $351,000. 69.61% of the stock is owned by institutional investors and hedge funds.
About Maiden Holdings