FBR & Co Weighs in on Maiden Holdings Ltd.’s FY2018 Earnings (MHLD)
Maiden Holdings Ltd. (NASDAQ:MHLD) – Equities researchers at FBR & Co issued their FY2018 earnings estimates for Maiden Holdings in a report released on Wednesday. FBR & Co analyst R. Binner expects that the brokerage will post earnings per share of $2.10 for the year.
Maiden Holdings (NASDAQ:MHLD) last issued its quarterly earnings results on Wednesday, November 2nd. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by $0.01. The firm had revenue of $628.28 million for the quarter, compared to the consensus estimate of $629.60 million. Maiden Holdings had a net margin of 5.51% and a return on equity of 13.56%. The business’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.34 earnings per share.
Separately, Zacks Investment Research raised shares of Maiden Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, October 12th.
Shares of Maiden Holdings (NASDAQ:MHLD) traded up 5.69% during trading on Thursday, reaching $15.80. 844,393 shares of the company traded hands. The stock has a market capitalization of $1.17 billion, a PE ratio of 11.58 and a beta of 1.10. Maiden Holdings has a 52 week low of $11.14 and a 52 week high of $16.07. The firm has a 50 day moving average of $13.50 and a 200 day moving average of $13.19.
Institutional investors have recently bought and sold shares of the stock. Teacher Retirement System of Texas increased its position 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 in the last quarter. Sei Investments Co. increased its position 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 in the last quarter. Fox Run Management L.L.C. acquired a new position in Maiden Holdings during the second quarter valued at $125,000. Campbell & CO Investment Adviser LLC acquired a new position in Maiden Holdings during the third quarter valued at $131,000. Finally, BNP Paribas Arbitrage SA increased its position in Maiden Holdings by 173.1% in the third quarter. BNP Paribas Arbitrage SA now owns 11,033 shares of the company’s stock valued at $140,000 after buying an additional 6,993 shares in the last quarter. 70.32% of the stock is currently owned by institutional investors and hedge funds.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Tuesday, January 3rd will be issued a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 3.80%. This is an increase from Maiden Holdings’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, December 29th. Maiden Holdings’s dividend payout ratio (DPR) is presently 38.36%.
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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