Maiden Holdings Ltd. (MHLD) Upgraded to Hold by Zacks Investment Research
According to Zacks, “MAIDEN HOLDINGS is a Bermuda holding company which offers customized reinsurance products and services through Maiden Insurance Company, Ltd., its wholly owned Bermuda reinsurance subsidiary, to subsidiaries of AmTrust Financial Services, Inc. and small insurance companies and managing general agents in the United States and Europe. “
Separately, JMP Securities reiterated a buy rating on shares of Maiden Holdings in a research note on Tuesday, June 28th.
Shares of Maiden Holdings (NASDAQ:MHLD) opened at 12.85 on Tuesday. Maiden Holdings has a 1-year low of $11.14 and a 1-year high of $16.10. The company has a 50 day moving average of $13.43 and a 200 day moving average of $12.99. The company has a market cap of $951.12 million, a PE ratio of 9.41 and a beta of 1.13.
Maiden Holdings (NASDAQ:MHLD) last issued its quarterly earnings results on Thursday, August 4th. The company reported $0.39 earnings per share (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 last year, the business earned $0.37 earnings per share. Equities analysts expect that Maiden Holdings will post $1.56 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 19th. Investors of record on Wednesday, October 5th will be paid a $0.14 dividend. The ex-dividend date is Monday, October 3rd. This represents a $0.56 dividend on an annualized basis and a yield of 4.36%. Maiden Holdings’s dividend payout ratio (DPR) is currently 41.18%.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Emerald Acquisition Ltd. bought a new position in shares of Maiden Holdings during the second quarter worth approximately $4,936,000. Dimensional Fund Advisors LP raised its position in shares of Maiden Holdings by 5.6% in the second quarter. Dimensional Fund Advisors LP now owns 6,056,689 shares of the company’s stock worth $74,133,000 after buying an additional 322,381 shares during the period. Vanguard Group Inc. raised its position in shares of Maiden Holdings by 6.4% in the second quarter. Vanguard Group Inc. now owns 5,072,039 shares of the company’s stock worth $62,081,000 after buying an additional 306,330 shares during the period. Bank of Montreal Can bought a new position in shares of Maiden Holdings during the second quarter worth approximately $3,444,000. Finally, Meritage Portfolio Management bought a new position in shares of Maiden Holdings during the second quarter worth approximately $3,364,000. Institutional investors and hedge funds own 70.31% of the company’s stock.
About Maiden Holdings
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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