Maiden Holdings Ltd. (NASDAQ:MHLD) saw a large decline in short interest in the month of September. As of September 15th, there was short interest totalling 4,593,562 shares, a decline of 29.8% from the August 31st total of 6,546,259 shares. Based on an average trading volume of 521,412 shares, the short-interest ratio is presently 8.8 days. Approximately 7.9% of the company’s stock are sold short.
Shares of Maiden Holdings (NASDAQ:MHLD) opened at 12.69 on Friday. Maiden Holdings has a 52 week low of $11.14 and a 52 week high of $16.10. The firm’s 50-day moving average is $13.50 and its 200-day moving average is $12.99. The company has a market cap of $939.28 million, a price-to-earnings ratio of 9.30 and a beta of 1.16.
Maiden Holdings (NASDAQ:MHLD) last issued its earnings results on Thursday, August 4th. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.01. Maiden Holdings had a return on equity of 13.98% and a net margin of 5.14%. During the same quarter in the prior year, the firm posted $0.37 earnings per share. Equities research analysts predict that Maiden Holdings will post $1.56 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 19th. Stockholders of record on Wednesday, October 5th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 4.41%. The ex-dividend date is Monday, October 3rd. Maiden Holdings’s dividend payout ratio is 41.18%.
A number of research analysts recently issued reports on the stock. Zacks Investment Research upgraded shares of Maiden Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 31st. JMP Securities reiterated a “buy” rating on shares of Maiden Holdings in a research report on Tuesday, June 28th.
Hedge funds and other institutional investors have recently modified their holdings of the company. Emerald Acquisition Ltd. purchased a new position in shares of Maiden Holdings during the second quarter valued at about $4,936,000. Dimensional Fund Advisors LP boosted its position in shares of Maiden Holdings by 5.6% in the second quarter. Dimensional Fund Advisors LP now owns 6,056,689 shares of the company’s stock valued at $74,133,000 after buying an additional 322,381 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Maiden Holdings by 6.4% in the second quarter. Vanguard Group Inc. now owns 5,072,039 shares of the company’s stock valued at $62,081,000 after buying an additional 306,330 shares in the last quarter. Bank of Montreal Can purchased a new position in shares of Maiden Holdings during the second quarter valued at about $3,444,000. Finally, Meritage Portfolio Management purchased a new position in shares of Maiden Holdings during the second quarter valued at about $3,364,000. Hedge funds and other institutional investors own 70.31% of the company’s stock.
About Maiden Holdings
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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