Maiden Holdings (MHLD) Earning Somewhat Favorable Media Coverage, Study Finds
Press coverage about Maiden Holdings (NASDAQ:MHLD) has trended somewhat positive recently, according to Accern Sentiment. Accern identifies positive and negative press coverage by analyzing more than twenty million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Maiden Holdings earned a coverage optimism score of 0.05 on Accern’s scale. Accern also gave media stories about the insurance provider an impact score of 47.5492789474002 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Shares of Maiden Holdings (NASDAQ MHLD) traded up 3.57% on Wednesday, hitting $8.70. 69,531 shares of the company’s stock traded hands. The firm’s 50-day moving average price is $7.72 and its 200 day moving average price is $10.19. The company’s market cap is $753.59 million. Maiden Holdings has a 1-year low of $6.25 and a 1-year high of $18.95.
Maiden Holdings (NASDAQ:MHLD) last posted its earnings results on Tuesday, August 8th. The insurance provider reported ($0.14) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by ($0.43). The company had revenue of $753.18 million for the quarter, compared to analyst estimates of $740.30 million. Maiden Holdings had a negative return on equity of 0.55% and a negative net margin of 0.61%. On average, equities research analysts expect that Maiden Holdings will post $0.54 earnings per share for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, October 16th. Stockholders of record on Monday, October 2nd were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Friday, September 29th. This represents a $0.60 annualized dividend and a dividend yield of 7.14%. Maiden Holdings’s payout ratio is currently -120.00%.
MHLD has been the subject of several research reports. FBR & Co restated a “hold” rating and set a $13.00 price objective on shares of Maiden Holdings in a research report on Tuesday, June 27th. BidaskClub lowered shares of Maiden Holdings from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. Keefe, Bruyette & Woods lowered shares of Maiden Holdings from an “outperform” rating to a “market perform” rating and reduced their price objective for the company from $17.00 to $10.00 in a research report on Thursday, August 10th. JMP Securities restated a “mkt outperform” rating and set a $9.00 price objective on shares of Maiden Holdings in a research report on Thursday, August 10th. Finally, Zacks Investment Research upgraded shares of Maiden Holdings from a “strong sell” rating to a “hold” rating in a research report on Tuesday, September 12th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $11.25.
Maiden Holdings Company 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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