Insider Selling: Maiden Holdings Ltd. (MHLD) CFO Sells $319,800.00 in Stock
Maiden Holdings Ltd. (NASDAQ:MHLD) CFO Karen Schmitt sold 20,000 shares of the firm’s stock in a transaction that occurred on Monday, November 14th. The stock was sold at an average price of $15.99, for a total transaction of $319,800.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink.
Maiden Holdings Ltd. (NASDAQ:MHLD) opened at 16.55 on Friday. Maiden Holdings Ltd. has a 52 week low of $11.14 and a 52 week high of $16.60. The company has a 50-day moving average of $13.82 and a 200-day moving average of $13.27. The company has a market capitalization of $1.43 billion, a PE ratio of 11.25 and a beta of 1.10.
Maiden Holdings (NASDAQ:MHLD) last released its earnings results on Wednesday, November 2nd. The company reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by $0.01. The company earned $628.28 million during the quarter, compared to analysts’ expectations of $629.60 million. Maiden Holdings had a net margin of 5.51% and a return on equity of 13.56%. The firm’s revenue was down 4.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.34 earnings per share. On average, equities research analysts anticipate that Maiden Holdings Ltd. will post $1.52 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Tuesday, January 3rd will be paid a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 3.63%. This is a boost from Maiden Holdings’s previous quarterly dividend of $0.14. The ex-dividend date is Thursday, December 29th. Maiden Holdings’s payout ratio is presently 38.36%.
Separately, Zacks Investment Research cut shares of Maiden Holdings from a “hold” rating to a “sell” rating in a report on Friday, August 12th.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its position in 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 last quarter. Vanguard Group Inc. boosted its position in 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 last quarter. Boston Partners boosted its position in Maiden Holdings by 0.8% in the third quarter. Boston Partners now owns 4,760,241 shares of the company’s stock worth $60,407,000 after buying an additional 37,888 shares during the last quarter. BlackRock Fund Advisors boosted its position in Maiden Holdings by 206.2% in the third quarter. BlackRock Fund Advisors now owns 4,294,171 shares of the company’s stock worth $54,493,000 after buying an additional 2,891,873 shares during the last quarter. Finally, LSV Asset Management boosted its position in Maiden Holdings by 1.9% in the third quarter. LSV Asset Management now owns 2,761,409 shares of the company’s stock worth $35,042,000 after buying an additional 52,400 shares during the last quarter. Hedge funds and other institutional investors own 76.19% 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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