Maiden Holdings North America, Ltd. (NYSE:MHNC – Get Free Report) was the recipient of a significant decrease in short interest during the month of April. As of April 30th, there was short interest totaling 3,151 shares, a decrease of 63.9% from the April 15th total of 8,735 shares. Based on an average daily trading volume, of 2,249 shares, the days-to-cover ratio is presently 1.4 days.
Maiden Holdings North America Stock Up 0.7%
Shares of MHNC traded up $0.09 during mid-day trading on Thursday, reaching $13.97. The company had a trading volume of 2,548 shares, compared to its average volume of 4,801. Maiden Holdings North America has a 52-week low of $11.14 and a 52-week high of $18.54. The stock has a 50 day moving average of $13.02 and a two-hundred day moving average of $15.02.
Maiden Holdings North America Cuts Dividend
The business also recently announced a quarterly dividend, which will be paid on Monday, June 1st. Stockholders of record on Friday, May 15th will be paid a $0.4844 dividend. The ex-dividend date is Friday, May 15th. This represents a $1.94 dividend on an annualized basis and a dividend yield of 13.9%.
Maiden Holdings North America Ltd. (NYSE: MHNC) is a specialty property and casualty reinsurer headquartered in Wilton, Connecticut. As a subsidiary of Bermuda-based Maiden Holdings, Ltd., the company provides treaty and facultative reinsurance solutions for primary insurers. Since its founding in 2007, Maiden Holdings North America has developed underwriting capabilities in property catastrophe, casualty, agriculture, surety and mortgage reinsurance, targeting niche segments where disciplined risk selection and tailored coverage can drive value.
The company’s product offerings include multi-year and annual treaty contracts, facultative reinsurance for individual risks, and run-off and legacy portfolio management services.
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