Nationwide Fund Advisors decreased its stake in shares of Maiden Holdings Ltd. (NASDAQ:MHLD) by 6.3% during the second quarter, Holdings Channel reports. The fund owned 166,315 shares of the company’s stock after selling 11,147 shares during the period. Nationwide Fund Advisors owned approximately 0.22% of Maiden Holdings worth $2,036,000 as of its most recent SEC filing.
A number of other institutional investors also recently bought and sold shares of the stock. Emerald Acquisition Ltd. acquired a new position in Maiden Holdings during the second quarter valued at approximately $4,936,000. Bank of Montreal Can acquired a new position in Maiden Holdings during the second quarter valued at approximately $3,444,000. Meritage Portfolio Management acquired a new position in Maiden Holdings during the second quarter valued at approximately $3,364,000. First Trust Advisors LP acquired a new position in Maiden Holdings during the second quarter valued at approximately $1,605,000. Finally, Landscape Capital Management L.L.C. acquired a new position in Maiden Holdings during the first quarter valued at approximately $826,000. 70.31% of the stock is owned by institutional investors.
Maiden Holdings Ltd. (NASDAQ:MHLD) traded down 0.37% during midday trading on Thursday, hitting $13.35. 65,045 shares of the stock traded hands. The firm has a market cap of $988.13 million, a PE ratio of 9.78 and a beta of 1.13. The stock has a 50-day moving average of $13.31 and a 200 day moving average of $13.00. Maiden Holdings Ltd. has a 52-week low of $11.14 and a 52-week high of $16.10.
Maiden Holdings (NASDAQ:MHLD) last posted 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 net margin of 5.14% and a return on equity of 13.98%. During the same quarter last year, the firm earned $0.37 earnings per share. Equities analysts forecast that Maiden Holdings Ltd. will post $1.56 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Wednesday, October 19th. Investors of record on Wednesday, October 5th will be paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 4.18%. The ex-dividend date of this dividend is Monday, October 3rd. Maiden Holdings’s dividend payout ratio is currently 41.18%.
Several equities analysts have commented on MHLD shares. Zacks Investment Research upgraded shares of Maiden Holdings from a “sell” rating to a “hold” rating in a research report on Thursday, September 15th. 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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