Shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) have earned a consensus rating of “Hold” from the seven ratings firms that are covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and one has assigned a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $11.50.
Several equities research analysts have recently issued reports on MHLD shares. Keefe, Bruyette & Woods restated a “buy” rating and issued a $19.00 target price on shares of Maiden Holdings in a report on Friday, June 9th. Compass Point upgraded shares of Maiden Holdings from a “neutral” rating to a “buy” rating and set a $15.00 target price for the company in a report on Wednesday, May 10th. FBR & Co restated a “hold” rating and issued a $13.00 target price on shares of Maiden Holdings in a report on Tuesday, June 27th. JMP Securities restated a “mkt outperform” rating and issued a $9.00 target price on shares of Maiden Holdings in a report on Thursday, August 10th. Finally, BidaskClub upgraded shares of Maiden Holdings from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th.
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Institutional investors have recently added to or reduced their stakes in the company. State of Alaska Department of Revenue lifted its holdings in shares of Maiden Holdings by 2.1% in the 1st quarter. State of Alaska Department of Revenue now owns 8,090 shares of the insurance provider’s stock worth $113,000 after acquiring an additional 170 shares during the last quarter. SG Americas Securities LLC bought a new stake in shares of Maiden Holdings in the 2nd quarter worth about $115,000. Dynamic Technology Lab Private Ltd bought a new stake in shares of Maiden Holdings in the 2nd quarter worth about $115,000. Koch Industries Inc. bought a new stake in shares of Maiden Holdings in the 2nd quarter worth about $126,000. Finally, Quantum Capital Management lifted its holdings in shares of Maiden Holdings by 1.8% in the 2nd quarter. Quantum Capital Management now owns 11,890 shares of the insurance provider’s stock worth $132,000 after acquiring an additional 209 shares during the last quarter. Hedge funds and other institutional investors own 67.06% of the company’s stock.
Maiden Holdings (NASDAQ MHLD) traded up 0.382% during mid-day trading on Wednesday, reaching $6.575. 1,653,984 shares of the company’s stock traded hands. Maiden Holdings has a 12-month low of $6.40 and a 12-month high of $18.95. The stock has a 50-day moving average price of $8.94 and a 200-day moving average price of $11.61. The stock’s market capitalization is $569.53 million.
Maiden Holdings (NASDAQ:MHLD) last issued its quarterly earnings data on Tuesday, August 8th. The insurance provider reported ($0.14) EPS for the quarter, missing analysts’ consensus estimates of $0.29 by $0.43. Maiden Holdings had a negative return on equity of 8.58% and a negative net margin of 2.16%. The business had revenue of $753.18 million during the quarter, compared to analysts’ expectations of $740.30 million. Equities research analysts expect that Maiden Holdings will post $0.74 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be issued a $0.15 dividend. The ex-dividend date is Friday, September 29th. This represents a $0.60 annualized dividend and a dividend yield of 9.13%. Maiden Holdings’s dividend payout ratio (DPR) is presently -120.00%.
About Maiden Holdings
Maiden Holdings, Ltd. (Maiden) is a holding company. The Company focuses 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. It operates through two segments: Diversified Reinsurance and AmTrust Reinsurance.
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