Maiden Holdings, Ltd. (NASDAQ:MHLD) shares were up 5.2% during trading on Tuesday . The company traded as high as $7.22 and last traded at $7.10. Approximately 625,620 shares traded hands during trading, a decline of 3% from the average daily volume of 646,484 shares. The stock had previously closed at $6.75.
A number of research analysts have recently issued reports on the stock. Zacks Investment Research upgraded shares of Maiden from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 12th. FBR & Co reiterated a “hold” rating and issued a $11.00 target price on shares of Maiden in a research note on Monday, September 25th. Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $10.00 target price on shares of Maiden in a research note on Friday, November 3rd. B. Riley reiterated a “neutral” rating and issued a $10.00 target price on shares of Maiden in a research note on Monday, November 6th. Finally, BidaskClub upgraded shares of Maiden from a “sell” rating to a “hold” rating in a research note on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and one has issued a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $10.40.
The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.27.
Maiden (NASDAQ:MHLD) last announced its quarterly earnings results on Wednesday, November 8th. The insurance provider reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.77). Maiden had a negative net margin of 3.95% and a negative return on equity of 9.10%. The firm had revenue of $653.87 million during the quarter, compared to analyst estimates of $708.04 million. During the same period last year, the firm earned $0.39 EPS. Maiden’s quarterly revenue was down 6.4% on a year-over-year basis. research analysts anticipate that Maiden Holdings, Ltd. will post -0.35 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be given a $0.15 dividend. The ex-dividend date is Friday, December 29th. This represents a $0.60 annualized dividend and a yield of 8.45%. Maiden’s dividend payout ratio is currently -36.59%.
In other news, Director Raymond Michael Neff bought 46,500 shares of the company’s stock in a transaction dated Monday, November 13th. The shares were bought at an average cost 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 accessible through the SEC website. Insiders own 10.00% of the company’s stock.
Several hedge funds have recently modified their holdings of MHLD. Cornerstone Capital Management Holdings LLC. acquired a new position in Maiden in the 3rd quarter valued at about $474,000. Engineers Gate Manager LP acquired a new position in shares of Maiden during the 3rd quarter worth approximately $129,000. Salzhauer Michael lifted its holdings in shares of Maiden by 120.1% during the 3rd quarter. Salzhauer Michael now owns 38,493 shares of the insurance provider’s stock worth $306,000 after acquiring an additional 21,005 shares during the period. Schwab Charles Investment Management Inc. lifted its holdings in shares of Maiden by 9.8% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 684,310 shares of the insurance provider’s stock worth $5,441,000 after acquiring an additional 60,847 shares during the period. Finally, Wells Fargo & Company MN lifted its holdings in shares of Maiden by 14.1% during the 3rd quarter. Wells Fargo & Company MN now owns 1,577,213 shares of the insurance provider’s stock worth $12,539,000 after acquiring an additional 194,708 shares during the period. 65.87% of the stock is currently owned by institutional investors.
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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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