Maiden Holdings Ltd. (MHLD) Short Interest Down 29.8% in September
Maiden Holdings Ltd. (NASDAQ:MHLD) was the recipient of a significant decrease in short interest during the month of September. As of September 15th, there was short interest totalling 4,593,562 shares, a decrease of 29.8% from the August 31st total of 6,546,259 shares. Currently, 7.9% of the company’s stock are short sold. Based on an average daily trading volume, of 521,412 shares, the days-to-cover ratio is currently 8.8 days.
Several hedge funds have recently added to or reduced their stakes in MHLD. Teacher Retirement System of Texas increased its stake in Maiden Holdings by 21.2% in the second quarter. Teacher Retirement System of Texas now owns 8,235 shares of the company’s stock valued at $101,000 after buying an additional 1,440 shares during the period. Sei Investments Co. increased its stake in Maiden Holdings by 163.5% in the second quarter. Sei Investments Co. now owns 8,616 shares of the company’s stock valued at $106,000 after buying an additional 5,346 shares during the period. Fox Run Management L.L.C. acquired a new stake in Maiden Holdings during the second quarter valued at approximately $125,000. US Bancorp DE increased its stake in Maiden Holdings by 0.6% in the second quarter. US Bancorp DE now owns 11,933 shares of the company’s stock valued at $147,000 after buying an additional 73 shares during the period. Finally, Trexquant Investment LP acquired a new stake in Maiden Holdings during the second quarter valued at approximately $149,000. 70.31% of the stock is currently owned by institutional investors and hedge funds.
Shares of Maiden Holdings (NASDAQ:MHLD) opened at 12.83 on Thursday. Maiden Holdings has a one year low of $11.14 and a one year high of $16.10. The stock has a market cap of $949.64 million, a PE ratio of 9.40 and a beta of 1.16. The company has a 50-day moving average of $13.57 and a 200 day moving average of $12.99.
Maiden Holdings (NASDAQ:MHLD) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by $0.01. Maiden Holdings had a net margin of 5.14% and a return on equity of 13.98%. During the same quarter in the previous year, the company earned $0.37 earnings per share. On average, analysts predict that Maiden Holdings will post $1.56 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 19th. Stockholders of record on Wednesday, October 5th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 4.36%. The ex-dividend date of this dividend is Monday, October 3rd. Maiden Holdings’s dividend payout ratio (DPR) is currently 41.18%.
MHLD has been the topic of a number of recent analyst reports. Zacks Investment Research upgraded shares of Maiden Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. JMP Securities reiterated a “buy” rating on shares of Maiden Holdings in a report on Tuesday, June 28th.
Maiden Holdings Company Profile
Maiden Holdings, Ltd. (Maiden) is a holding company. The Company is focused 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. Maiden operates through two segments: Diversified Reinsurance and AmTrust Reinsurance.
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