Maiden Holdings, Ltd. (NASDAQ:MHLD) shares were up 5.2% on Monday . The company traded as high as $7.10 and last traded at $7.10. Approximately 1,960,900 shares traded hands during trading, an increase of 201% from the average daily volume of 651,260 shares. The stock had previously closed at $6.75.

A number of research analysts recently weighed in on MHLD shares. Keefe, Bruyette & Woods reissued a “hold” rating and set a $10.00 target price on shares of Maiden in a report on Friday, November 3rd. Zacks Investment Research lowered Maiden from a “hold” rating to a “strong sell” rating in a report on Saturday, September 23rd. FBR & Co reissued a “hold” rating and set a $11.00 target price on shares of Maiden in a report on Monday, September 25th. B. Riley reissued a “neutral” rating and set a $10.00 target price on shares of Maiden in a report on Monday, November 6th. Finally, BidaskClub raised Maiden from a “sell” rating to a “hold” rating in a report on Thursday, December 7th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the company’s stock. Maiden has a consensus rating of “Hold” and an average price target of $10.40.

The company has a debt-to-equity ratio of 0.27, a current ratio of 0.18 and a quick ratio of 0.18.

Maiden (NASDAQ:MHLD) last issued its quarterly earnings data on Wednesday, November 8th. The insurance provider reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.77). Maiden had a negative net margin of 3.95% and a negative return on equity of 9.10%. The firm had revenue of $653.87 million during the quarter, compared to analyst estimates of $708.04 million. During the same period in the prior year, the company earned $0.39 earnings per share. The business’s quarterly revenue was down 6.4% compared to the same quarter last year. sell-side analysts anticipate that Maiden Holdings, Ltd. will post -0.35 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 8.82%. The ex-dividend date of this dividend is Friday, December 29th. Maiden’s dividend payout ratio is -36.59%.

In other news, Director Raymond Michael Neff acquired 46,500 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were purchased at an average cost of $6.40 per share, with a total value of $297,600.00. The purchase was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 10.00% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in MHLD. Principal Financial Group Inc. grew its holdings in shares of Maiden by 419.2% during the 2nd quarter. Principal Financial Group Inc. now owns 3,016,021 shares of the insurance provider’s stock worth $33,479,000 after purchasing an additional 2,435,153 shares in the last quarter. Thrivent Financial For Lutherans grew its holdings in shares of Maiden by 1,714.1% during the 2nd quarter. Thrivent Financial For Lutherans now owns 753,040 shares of the insurance provider’s stock worth $8,359,000 after purchasing an additional 711,530 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Maiden by 7.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,104,728 shares of the insurance provider’s stock worth $78,863,000 after purchasing an additional 493,436 shares in the last quarter. Boston Partners grew its holdings in shares of Maiden by 6.6% during the 3rd quarter. Boston Partners now owns 4,877,487 shares of the insurance provider’s stock worth $38,776,000 after purchasing an additional 302,529 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Maiden during the 2nd quarter worth $2,419,000. 65.83% of the stock is currently owned by institutional investors.

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Maiden 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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