Maiden (NASDAQ:MHLD) was upgraded by equities research analysts at BidaskClub from a “sell” rating to a “hold” rating in a note issued to investors on Thursday.
Other analysts have also recently issued research reports about the stock. Keefe, Bruyette & Woods reaffirmed a “hold” rating and set a $10.00 price objective on shares of Maiden in a research note on Friday, November 3rd. FBR & Co reaffirmed a “hold” rating and set a $11.00 price objective on shares of Maiden in a research note on Monday, September 25th. Zacks Investment Research raised shares of Maiden from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 12th. JMP Securities reaffirmed a “mkt outperform” rating and set a $9.00 price objective on shares of Maiden in a research note on Thursday, August 10th. Finally, B. Riley reaffirmed a “neutral” rating and set a $10.00 price objective on shares of Maiden in a research note on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average target price of $10.40.
Shares of Maiden (MHLD) opened at $6.82 on Thursday. 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 one year low of $5.55 and a one year high of $18.95.
Maiden (NASDAQ:MHLD) last released its earnings results on Wednesday, November 8th. The insurance provider reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.77). The company had revenue of $653.87 million for the quarter, compared to analysts’ expectations of $708.04 million. Maiden had a negative return on equity of 9.10% and a negative net margin of 3.95%. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the prior year, the firm earned $0.39 EPS. equities analysts forecast that Maiden will post -0.35 earnings per share for the current fiscal year.
In other Maiden news, Director Raymond Michael Neff acquired 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 transaction was disclosed in a filing with the SEC, which is available at this link. 10.00% of the stock is currently owned by corporate insiders.
A number of large investors have recently bought and sold shares of MHLD. SG Americas Securities LLC acquired a new position in Maiden in the 2nd quarter valued at about $115,000. Dynamic Technology Lab Private Ltd acquired a new position in Maiden in the 2nd quarter valued at about $115,000. Koch Industries Inc. acquired a new position in Maiden in the 2nd quarter valued at about $126,000. Engineers Gate Manager LP acquired a new position in Maiden in the 3rd quarter valued at about $129,000. Finally, Quantum Capital Management boosted its holdings in Maiden by 1.8% in the 2nd quarter. Quantum Capital Management now owns 11,890 shares of the insurance provider’s stock valued at $132,000 after purchasing an additional 209 shares during the last quarter. Institutional investors own 65.87% of the company’s stock.
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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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