According to Zacks, “MAIDEN HOLDINGS is a Bermuda holding company which offers customized reinsurance products and services through Maiden Insurance Company, Ltd., its wholly owned Bermuda reinsurance subsidiary, to subsidiaries of AmTrust Financial Services, Inc. and small insurance companies and managing general agents in the United States and Europe. “
Separately, JMP Securities reiterated a buy rating on shares of Maiden Holdings in a report on Tuesday, June 28th.
Maiden Holdings (NASDAQ:MHLD) opened at 13.21 on Tuesday. The firm’s 50-day moving average price is $13.35 and its 200 day moving average price is $13.00. The company has a market capitalization of $977.76 million, a price-to-earnings ratio of 9.68 and a beta of 1.13. Maiden Holdings has a one year low of $11.14 and a one year high of $16.10.
Maiden Holdings (NASDAQ:MHLD) last issued its quarterly earnings data on Thursday, August 4th. The company reported $0.39 EPS for the quarter, missing the Thomson Reuters’ 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 previous year, the business earned $0.37 earnings per share. On average, equities research analysts expect that Maiden Holdings 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. Stockholders of record on Wednesday, October 5th will be issued 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 dividend yield of 4.24%. Maiden Holdings’s payout ratio is 41.18%.
Several institutional investors have recently added to or reduced their stakes in MHLD. BNP Paribas Arbitrage SA raised its position in Maiden Holdings by 173.1% in the third quarter. BNP Paribas Arbitrage SA now owns 11,033 shares of the company’s stock valued at $140,000 after buying an additional 6,993 shares during the last quarter. Schwab Charles Investment Management Inc. raised its position in shares of Maiden Holdings by 0.5% in the second quarter. Schwab Charles Investment Management Inc. now owns 729,722 shares of the company’s stock worth $8,932,000 after buying an additional 3,858 shares during the last quarter. Panagora Asset Management Inc. raised its position in shares of Maiden Holdings by 28.6% in the second quarter. Panagora Asset Management Inc. now owns 74,204 shares of the company’s stock worth $908,000 after buying an additional 16,504 shares during the last quarter. Guggenheim Capital LLC raised its position in shares of Maiden Holdings by 9.0% in the second quarter. Guggenheim Capital LLC now owns 289,984 shares of the company’s stock worth $3,549,000 after buying an additional 24,016 shares during the last quarter. Finally, Menta Capital LLC raised its position in shares of Maiden Holdings by 18.2% in the second quarter. Menta Capital LLC now owns 103,165 shares of the company’s stock worth $1,263,000 after buying an additional 15,876 shares during the last quarter. Hedge funds and other institutional investors own 70.31% of the company’s stock.
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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