Maiden Holdings, Ltd. (NASDAQ:MHLD) Director Raymond Michael Neff bought 46,500 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The stock was bought at an average price of $6.40 per share, with a total value of $297,600.00. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink.
Shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) remained flat at $$6.17 during mid-day trading on Wednesday. 1,050,600 shares of the company were exchanged, compared to its average volume of 631,590. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.18 and a quick ratio of 0.18. Maiden Holdings, Ltd. has a twelve month low of $6.15 and a twelve month high of $18.95.
Maiden Holdings (NASDAQ:MHLD) last issued its quarterly earnings results on Wednesday, November 8th. The insurance provider reported ($0.66) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.77). Maiden Holdings had a negative net margin of 3.95% and a negative return on equity of 9.10%. The business had revenue of $653.87 million during the quarter, compared to analysts’ expectations of $708.04 million. During the same period in the prior year, the business earned $0.39 EPS. The business’s quarterly revenue was down 6.4% on a year-over-year basis. equities research analysts forecast that Maiden Holdings, Ltd. will post -0.35 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.60 annualized dividend and a dividend yield of 9.72%. Maiden Holdings’s dividend payout ratio (DPR) is currently -36.59%.
Several equities analysts have commented on the stock. Zacks Investment Research cut shares of Maiden Holdings from a “hold” rating to a “strong sell” rating in a research report on Saturday, September 23rd. BidaskClub cut shares of Maiden Holdings from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. FBR & Co reissued a “hold” rating and issued a $11.00 price target on shares of Maiden Holdings in a research report on Monday, September 25th. Keefe, Bruyette & Woods reissued a “hold” rating and issued a $10.00 price target on shares of Maiden Holdings in a research report on Friday, November 3rd. Finally, B. Riley reissued a “neutral” rating and issued a $10.00 price target on shares of Maiden Holdings in a research report on Monday, November 6th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $11.00.
Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in shares of Maiden Holdings during the 2nd quarter worth $115,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Maiden Holdings during the 2nd quarter worth $115,000. Koch Industries Inc. purchased a new stake in shares of Maiden Holdings during the 2nd quarter worth $126,000. Engineers Gate Manager LP purchased a new stake in shares of Maiden Holdings during the 3rd quarter worth $129,000. Finally, Quantum Capital Management lifted its position in shares of Maiden Holdings by 1.8% during the 2nd quarter. Quantum Capital Management now owns 11,890 shares of the insurance provider’s stock worth $132,000 after purchasing an additional 209 shares during the last quarter. 68.51% of the stock is owned by institutional investors and hedge funds.
Maiden Holdings Company Profile
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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