Brokerages Set Maiden Holdings, Ltd. (MHLD) Target Price at $11.25
Shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) have been assigned a consensus rating of “Hold” from the seven ratings firms that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $11.25.
Several brokerages have recently issued reports on MHLD. FBR & Co reduced their target price on shares of Maiden Holdings from $13.00 to $12.00 and set a “mkt perform” rating on the stock in a research note on Tuesday, July 11th. BidaskClub lowered shares of Maiden Holdings from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. JMP Securities reaffirmed a “mkt outperform” rating and issued a $9.00 target price on shares of Maiden Holdings in a research note on Thursday, August 10th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $19.00 price objective on shares of Maiden Holdings in a research note on Friday, June 9th. Finally, Zacks Investment Research lowered shares of Maiden Holdings from a “hold” rating to a “strong sell” rating in a research note on Saturday, September 23rd.
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Maiden Holdings (NASDAQ:MHLD) traded down 0.57% on Friday, reaching $8.75. 603,143 shares of the company’s stock were exchanged. The firm has a 50-day moving average of $7.49 and a 200-day moving average of $10.47. The firm’s market capitalization is $757.93 million. Maiden Holdings has a 12 month low of $6.25 and a 12 month high of $18.95.
Maiden Holdings (NASDAQ:MHLD) last posted its quarterly earnings data on Tuesday, August 8th. The insurance provider reported ($0.14) earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.43). The company had revenue of $753.18 million during the quarter, compared to analyst estimates of $740.30 million. Maiden Holdings had a negative net margin of 0.61% and a negative return on equity of 0.55%. On average, equities analysts expect that Maiden Holdings will post $0.58 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, October 16th. Stockholders of record on Monday, October 2nd will be issued a $0.15 dividend. The ex-dividend date is Friday, September 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 6.82%. Maiden Holdings’s dividend payout ratio (DPR) is presently -120.00%.
Institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC acquired a new position in Maiden Holdings during the second quarter worth $115,000. Dynamic Technology Lab Private Ltd acquired a new position in Maiden Holdings during the second quarter worth $115,000. Quantum Capital Management increased its holdings in Maiden Holdings by 1.8% during the second quarter. Quantum Capital Management now owns 11,890 shares of the insurance provider’s stock worth $132,000 after buying an additional 209 shares during the last quarter. JFS Wealth Advisors LLC increased its holdings in Maiden Holdings by 8.1% during the second quarter. JFS Wealth Advisors LLC now owns 13,481 shares of the insurance provider’s stock worth $150,000 after buying an additional 1,011 shares during the last quarter. Finally, GRT Capital Partners L.L.C. acquired a new position in Maiden Holdings during the second quarter worth $155,000. Institutional investors and hedge funds own 66.88% of the company’s stock.
About Maiden Holdings
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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