Maiden Holdings, Ltd. (NASDAQ:MHLD) – Equities researchers at B. Riley cut their Q4 2017 earnings per share estimates for Maiden in a report issued on Thursday. B. Riley analyst R. Binner now anticipates that the insurance provider will post earnings of $0.19 per share for the quarter, down from their prior estimate of $0.20. B. Riley currently has a “Neutral” rating and a $10.00 target price on the stock. B. Riley also issued estimates for Maiden’s FY2018 earnings at $1.10 EPS and FY2019 earnings at $1.35 EPS.
Maiden (NASDAQ:MHLD) last announced 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). The firm had revenue of $653.87 million for the quarter, compared to analyst estimates of $708.04 million. Maiden had a negative return on equity of 9.10% and a negative net margin of 3.95%. The business’s revenue was down 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.39 earnings per share.
Other equities research analysts have also issued reports about the company. Keefe, Bruyette & Woods restated a “hold” rating and set a $7.00 price target on shares of Maiden in a research note on Wednesday, December 6th. Zacks Investment Research lowered Maiden from a “hold” rating to a “strong sell” rating in a research note on Saturday, September 23rd. BidaskClub upgraded Maiden from a “sell” rating to a “hold” rating in a research note on Thursday, December 7th. Finally, FBR & Co restated a “hold” rating and set a $11.00 price target on shares of Maiden in a research note on Monday, September 25th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $10.40.
Shares of Maiden (NASDAQ:MHLD) opened at $6.80 on Friday. The company has a market capitalization of $579.68, a PE ratio of -4.15 and a beta of 1.18. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.18 and a current ratio of 0.18. Maiden has a 12 month low of $5.55 and a 12 month high of $18.95.
A number of large investors have recently added to or reduced their stakes in MHLD. SG Americas Securities LLC acquired a new stake in shares of Maiden during the 2nd quarter worth approximately $115,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Maiden during the 2nd quarter worth approximately $115,000. Quantum Capital Management raised its position in shares of Maiden 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 period. GRT Capital Partners L.L.C. acquired a new stake in shares of Maiden during the 2nd quarter worth approximately $155,000. Finally, WBI Investments Inc. acquired a new stake in shares of Maiden during the 2nd quarter worth approximately $157,000. 65.83% of the stock is currently owned by institutional investors.
In other news, Director Raymond Michael Neff bought 46,500 shares of Maiden stock in a transaction on Monday, November 13th. The shares were bought at an average price of $6.40 per share, with a total value of $297,600.00. The purchase was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 10.00% of the stock is owned by corporate insiders.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be given a $0.15 dividend. This represents a $0.60 annualized dividend and a dividend yield of 8.82%. The ex-dividend date is Friday, December 29th. Maiden’s payout ratio is -36.59%.
Maiden 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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