Swiss National Bank boosted its stake in shares of Maiden Holdings Ltd. (NASDAQ:MHLD) by 7.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 102,700 shares of the company’s stock after buying an additional 7,100 shares during the period. Swiss National Bank owned about 0.14% of Maiden Holdings worth $1,257,000 at the end of the most recent reporting period.
Other hedge funds have also recently modified their holdings of the company. Meritage Portfolio Management purchased a new stake in shares of Maiden Holdings during the second quarter valued at about $3,364,000. Fox Run Management L.L.C. bought a new position in shares of Maiden Holdings during the second quarter valued at $125,000. Quantum Capital Management boosted its position in shares of Maiden Holdings by 8.4% in the first quarter. Quantum Capital Management now owns 13,224 shares of the company’s stock valued at $171,000 after buying an additional 1,021 shares during the period. Barclays PLC boosted its position in shares of Maiden Holdings by 8.5% in the first quarter. Barclays PLC now owns 68,853 shares of the company’s stock valued at $826,000 after buying an additional 5,406 shares during the period. Finally, Hancock Holding Co. boosted its position in shares of Maiden Holdings by 5.3% in the first quarter. Hancock Holding Co. now owns 55,891 shares of the company’s stock valued at $723,000 after buying an additional 2,830 shares during the period. Hedge funds and other institutional investors own 70.31% of the company’s stock.
Maiden Holdings Ltd. (NASDAQ:MHLD) traded up 0.87% during trading on Friday, reaching $12.69. The company had a trading volume of 403,327 shares. The firm has a market capitalization of $939.28 million, a P/E ratio of 9.30 and a beta of 1.16. The firm’s 50-day moving average price is $13.50 and its 200 day moving average price is $12.99. Maiden Holdings Ltd. has a one year low of $11.14 and a one year high of $16.10.
Maiden Holdings (NASDAQ:MHLD) last issued its earnings results on Thursday, August 4th. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by $0.01. Maiden Holdings had a net margin of 5.14% and a return on equity of 13.98%. During the same period in the previous year, the company earned $0.37 EPS. Equities analysts forecast that Maiden Holdings Ltd. will post $1.56 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Wednesday, October 5th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $0.56 annualized dividend and a yield of 4.41%. Maiden Holdings’s dividend payout ratio is 41.18%.
Several brokerages have recently weighed in on MHLD. Zacks Investment Research upgraded Maiden Holdings from a “sell” rating to a “hold” rating in a research report on Tuesday, August 23rd. JMP Securities reiterated a “buy” rating on shares of Maiden Holdings in a research report on Tuesday, June 28th.
Maiden Holdings Company Profile
Maiden Holdings, Ltd. (Maiden) is a holding company. The Company is focused 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. Maiden operates through two segments: Diversified Reinsurance and AmTrust Reinsurance.
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