BNP Paribas Arbitrage SA increased its stake in shares of Maiden Holdings Ltd. (NASDAQ:MHLD) by 173.1% during the third quarter, Holdings Channel reports. The fund owned 11,033 shares of the company’s stock after buying an additional 6,993 shares during the period. BNP Paribas Arbitrage SA’s holdings in Maiden Holdings were worth $140,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. Teacher Retirement System of Texas boosted its position in Maiden Holdings by 21.2% in the second quarter. Teacher Retirement System of Texas now owns 8,235 shares of the company’s stock valued at $101,000 after buying an additional 1,440 shares in the last quarter. Sei Investments Co. boosted its position in Maiden Holdings by 163.5% in the second quarter. Sei Investments Co. now owns 8,616 shares of the company’s stock valued at $106,000 after buying an additional 5,346 shares in the last quarter. Fox Run Management L.L.C. acquired a new position in Maiden Holdings during the second quarter valued at $125,000. US Bancorp DE boosted its position in Maiden Holdings by 0.6% in the second quarter. US Bancorp DE now owns 11,933 shares of the company’s stock valued at $147,000 after buying an additional 73 shares in the last quarter. Finally, Trexquant Investment LP acquired a new position in Maiden Holdings during the second quarter valued at $149,000. 70.31% of the stock is currently owned by institutional investors.
Maiden Holdings Ltd. (NASDAQ:MHLD) opened at 13.31 on Wednesday. The stock’s 50 day moving average price is $13.32 and its 200-day moving average price is $13.00. Maiden Holdings Ltd. has a 12 month low of $11.14 and a 12 month high of $16.10. The stock has a market cap of $985.17 million, a PE ratio of 9.75 and a beta of 1.13.
Maiden Holdings (NASDAQ:MHLD) last released its earnings results on Thursday, August 4th. The company reported $0.39 earnings per share for the quarter, missing the Thomson Reuters’ 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. Analysts anticipate that Maiden Holdings Ltd. will post $1.56 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 19th. Investors of record on Wednesday, October 5th will be given a dividend of $0.14 per share. The ex-dividend date is Monday, October 3rd. This represents a $0.56 annualized dividend and a yield of 4.21%. Maiden Holdings’s dividend payout ratio (DPR) is presently 41.18%.
A number of brokerages have recently commented on MHLD. Zacks Investment Research raised Maiden Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday. JMP Securities reaffirmed a “buy” rating on shares of Maiden Holdings in a research report on Tuesday, June 28th.
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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