Los Angeles Capital Management & Equity Research Inc. acquired a new stake in Maiden Holdings, Ltd. (NASDAQ:MHLD) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 217,960 shares of the insurance provider’s stock, valued at approximately $2,419,000. Los Angeles Capital Management & Equity Research Inc. owned approximately 0.25% of Maiden Holdings at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in MHLD. BlackRock Inc. increased its stake in Maiden Holdings by 60,759.0% in the 1st quarter. BlackRock Inc. now owns 7,940,270 shares of the insurance provider’s stock valued at $111,162,000 after purchasing an additional 7,927,223 shares in the last quarter. Principal Financial Group Inc. increased its stake in Maiden Holdings by 419.2% in the 2nd quarter. Principal Financial Group Inc. now owns 3,016,021 shares of the insurance provider’s stock valued at $33,479,000 after purchasing an additional 2,435,153 shares in the last quarter. Bank of New York Mellon Corp increased its stake in Maiden Holdings by 49.5% in the 1st quarter. Bank of New York Mellon Corp now owns 1,593,854 shares of the insurance provider’s stock valued at $22,314,000 after purchasing an additional 528,032 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in Maiden Holdings by 5.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 6,611,292 shares of the insurance provider’s stock valued at $92,558,000 after purchasing an additional 315,777 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in Maiden Holdings by 61.0% in the 1st quarter. JPMorgan Chase & Co. now owns 566,709 shares of the insurance provider’s stock valued at $7,934,000 after purchasing an additional 214,722 shares in the last quarter. 67.06% of the stock is owned by hedge funds and other institutional investors.

Several equities analysts recently weighed in on the company. Zacks Investment Research raised Maiden Holdings from a “strong sell” rating to a “hold” rating in a research note on Tuesday. JMP Securities reaffirmed a “mkt outperform” rating and issued a $9.00 price objective on shares of Maiden Holdings in a research note on Thursday, August 10th. Keefe, Bruyette & Woods downgraded Maiden Holdings from an “outperform” rating to a “market perform” rating and dropped their price objective for the company from $17.00 to $10.00 in a research note on Thursday, August 10th. BidaskClub downgraded Maiden Holdings from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Finally, FBR & Co dropped their price objective on Maiden Holdings from $13.00 to $12.00 and set a “mkt perform” rating for the company in a research note on Tuesday, July 11th. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus price target of $11.50.

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Shares of Maiden Holdings, Ltd. (MHLD) opened at 7.75 on Friday. Maiden Holdings, Ltd. has a one year low of $6.25 and a one year high of $18.95. The firm’s 50-day moving average price is $8.08 and its 200-day moving average price is $11.18. The firm’s market cap is $671.31 million.

Maiden Holdings (NASDAQ:MHLD) last announced its earnings results on Tuesday, August 8th. The insurance provider reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.43). Maiden Holdings had a negative return on equity of 0.55% and a negative net margin of 0.61%. The firm had revenue of $753.18 million for the quarter, compared to the consensus estimate of $740.30 million. Equities research analysts expect that Maiden Holdings, Ltd. will post $0.74 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Investors of record on Monday, October 2nd will be issued a dividend of $0.15 per share. The ex-dividend date is Friday, September 29th. This represents a $0.60 annualized dividend and a yield of 7.74%. Maiden Holdings’s payout ratio is -120.00%.

Maiden Holdings Profile

Maiden Holdings, Ltd. (Maiden) is a holding company. The Company focuses 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. It operates through two segments: Diversified Reinsurance and AmTrust Reinsurance.

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Institutional Ownership by Quarter for Maiden Holdings (NASDAQ:MHLD)

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