Maiden Holdings Ltd. (MHLD) Short Interest Down 52.0% in September
Maiden Holdings Ltd. (NASDAQ:MHLD) saw a large drop in short interest in the month of September. As of September 30th, there was short interest totalling 2,206,866 shares, a drop of 52.0% from the September 15th total of 4,593,562 shares. Based on an average trading volume of 644,249 shares, the short-interest ratio is currently 3.4 days. Approximately 3.8% of the shares of the stock are sold short.
A number of large investors have recently added to or reduced their stakes in MHLD. Aperio Group LLC raised its stake in Maiden Holdings by 6.7% in the first quarter. Aperio Group LLC now owns 174,221 shares of the company’s stock valued at $2,254,000 after buying an additional 10,882 shares during the period. Prudential Financial Inc. raised its stake in Maiden Holdings by 16.8% in the first quarter. Prudential Financial Inc. now owns 144,944 shares of the company’s stock valued at $1,876,000 after buying an additional 20,900 shares during the period. NN Investment Partners Holdings N.V. acquired a new stake in Maiden Holdings during the first quarter valued at $265,000. Landscape Capital Management L.L.C. acquired a new stake in Maiden Holdings during the first quarter valued at $826,000. Finally, Zebra Capital Management LLC raised its stake in Maiden Holdings by 184.8% in the first quarter. Zebra Capital Management LLC now owns 96,786 shares of the company’s stock valued at $1,252,000 after buying an additional 62,804 shares during the period. Hedge funds and other institutional investors own 70.33% of the company’s stock.
A number of research firms have recently issued reports on MHLD. Zacks Investment Research upgraded shares of Maiden Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 31st. JMP Securities reiterated a “buy” rating on shares of Maiden Holdings in a research report on Tuesday, June 28th.
Maiden Holdings (NASDAQ:MHLD) opened at 13.80 on Wednesday. The firm has a market capitalization of $1.02 billion, a P/E ratio of 10.11 and a beta of 1.13. Maiden Holdings has a 12 month low of $11.14 and a 12 month high of $16.10. The company’s 50 day moving average price is $13.29 and its 200 day moving average price is $13.03.
Maiden Holdings (NASDAQ:MHLD) last released its quarterly earnings data on Thursday, August 4th. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by $0.01. Maiden Holdings had a return on equity of 13.98% and a net margin of 5.14%. During the same quarter last year, the business posted $0.37 EPS. Analysts anticipate that Maiden Holdings will post $1.56 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, October 19th. Investors of record on Wednesday, October 5th will be paid a dividend of $0.14 per share. The ex-dividend date is Monday, October 3rd. This represents a $0.56 annualized dividend and a yield of 4.06%. Maiden Holdings’s dividend payout ratio (DPR) is 41.18%.
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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