Maiden Holdings Ltd. (NASDAQ:MHLD) was downgraded by equities research analysts 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 research note on Thursday, September 15th.
Maiden Holdings (NASDAQ:MHLD) opened at 16.40 on Monday. The stock’s 50 day moving average is $14.47 and its 200-day moving average is $13.45. Maiden Holdings has a 12 month low of $11.14 and a 12 month high of $16.95. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 11.15 and a beta of 1.10.
Maiden Holdings (NASDAQ:MHLD) last released 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 had revenue of $628.28 million for the quarter, compared to analysts’ expectations 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 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, equities research analysts expect 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 paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.66%. The ex-dividend date is Thursday, December 29th. This is a boost from Maiden Holdings’s previous quarterly dividend of $0.14. Maiden Holdings’s dividend payout ratio is currently 38.36%.
In related news, CFO Karen Schmitt sold 20,000 shares of the company’s stock in a transaction dated 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 is available at this link. Corporate insiders own 7.40% of the company’s stock.
A number of hedge funds have recently made changes to their positions in the stock. 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 valued at $629,000 after buying an additional 33,965 shares in the last quarter. Swiss National Bank raised its position 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. raised its position 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. purchased a new position in Maiden Holdings during the second quarter valued at $125,000. Finally, Lucus Advisors LLC purchased a new position in Maiden Holdings during the second quarter valued at $351,000. 69.61% of the stock is owned by institutional investors.
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.