FBR & Co downgraded shares of Maiden Holdings Ltd. (NASDAQ:MHLD) from an outperform rating to a market perform rating in a report published on Monday morning.

Separately, Zacks Investment Research lowered shares of Maiden Holdings from a hold rating to a sell rating in a report on Friday, August 12th.

Shares of Maiden Holdings (NASDAQ:MHLD) opened at 15.75 on Monday. Maiden Holdings has a 1-year low of $11.14 and a 1-year high of $16.95. The firm has a 50-day moving average of $14.54 and a 200 day moving average of $13.49. The company has a market capitalization of $1.36 billion, a P/E ratio of 10.71 and a beta of 1.10.

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 Zacks’ consensus estimate of $0.40 by $0.01. The company earned $628.28 million during the quarter, compared to the consensus estimate of $629.60 million. Maiden Holdings had a return on equity of 13.56% and a net margin of 5.51%. Maiden Holdings’s quarterly revenue was down 4.6% on a year-over-year basis. During the same period in the previous year, the company earned $0.34 EPS. On average, equities research analysts expect that Maiden Holdings will post $1.52 earnings per share for the current year.

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The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th. Shareholders of record on Tuesday, January 3rd will be given a dividend of $0.15 per share. The ex-dividend date is Thursday, December 29th. This represents a $0.60 annualized dividend and a yield of 3.81%. This is a boost from Maiden Holdings’s previous quarterly dividend of $0.14. Maiden Holdings’s dividend payout ratio is presently 38.36%.

In other Maiden Holdings news, CFO Karen Schmitt sold 20,000 shares of the stock in a transaction on Monday, November 14th. The shares were sold at an average price of $15.99, for a total transaction of $319,800.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 7.40% of the company’s stock.

Large investors have recently made changes to their positions in the stock. UBS Group AG boosted its stake in shares of Maiden Holdings by 13.6% in the first quarter. UBS Group AG now owns 41,828 shares of the company’s stock valued at $541,000 after buying an additional 5,000 shares during the last quarter. Barclays PLC boosted its stake in shares of Maiden Holdings by 8.5% in the first quarter. Barclays PLC now owns 68,853 shares of the company’s stock valued at $826,000 after buying an additional 5,406 shares during the last quarter. Fox Run Management L.L.C. purchased a new stake in shares of Maiden Holdings during the second quarter valued at $125,000. Meritage Portfolio Management purchased a new stake in shares of Maiden Holdings during the second quarter valued at $3,364,000. Finally, Bank of Montreal Can purchased a new stake in shares of Maiden Holdings during the second quarter valued at $3,444,000. 69.61% of the stock is owned by institutional investors and hedge funds.

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.

5 Day Chart for NASDAQ:MHLD

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