Maiden Holdings North America, Ltd. (NYSE:MHNC – Get Free Report) saw a significant decline in short interest in the month of October. As of October 15th, there was short interest totaling 1,396 shares, a decline of 58.3% from the September 30th total of 3,347 shares. Based on an average trading volume of 5,567 shares, the short-interest ratio is currently 0.3 days.
Maiden Holdings North America Price Performance
Shares of Maiden Holdings North America stock traded up $0.07 on Friday, hitting $10.68. The stock had a trading volume of 6,583 shares, compared to its average volume of 4,804. Maiden Holdings North America has a twelve month low of $10.09 and a twelve month high of $17.99. The business’s 50 day moving average is $10.86 and its two-hundred day moving average is $12.62.
Maiden Holdings North America Cuts Dividend
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 1st. Investors of record on Sunday, November 15th will be paid a $0.4844 dividend. This is a drop from Maiden Holdings North America’s previous quarterly dividend of $0.4844. The ex-dividend date is Friday, November 13th. This represents a $1.94 annualized dividend and a yield of 18.1%.
Maiden Holdings North America, Ltd. is a subsidiary of Maiden Holdings, Ltd., a Bermuda-based specialty insurance and reinsurance group. The company has historically served as a holding company for Maiden’s North American reinsurance operations, including its U.S.-based operating subsidiaries.
Through its affiliated companies, Maiden provided property and casualty reinsurance to insurance carriers and other specialty insurance businesses. Its offerings historically included quota-share and excess-of-loss reinsurance, with exposure to lines such as personal and commercial automobile, workers’ compensation, and other specialty risks.
Maiden’s North American operations have undergone significant changes as the parent company reduced underwriting activity and focused on managing legacy liabilities and runoff business.
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