Maiden (MHLD) Rating Reiterated by Keefe, Bruyette & Woods

Maiden (NASDAQ:MHLD)‘s stock had its “hold” rating restated by investment analysts at Keefe, Bruyette & Woods in a research note issued on Wednesday. They presently have a $7.00 price target on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price would suggest a potential upside of 2.64% from the stock’s current price.

Several other equities analysts have also issued reports on MHLD. JMP Securities reissued a “mkt outperform” rating and issued a $9.00 price target on shares of Maiden in a research note on Thursday, August 10th. B. Riley reissued a “neutral” rating and issued a $10.00 price target on shares of Maiden in a research note on Monday, November 6th. FBR & Co reissued a “hold” rating and issued a $11.00 price target on shares of Maiden in a research note on Monday, September 25th. Finally, Zacks Investment Research raised Maiden from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company’s stock. Maiden currently has an average rating of “Hold” and an average target price of $10.40.

Shares of Maiden (NASDAQ MHLD) traded down $0.03 on Wednesday, reaching $6.82. The company’s stock had a trading volume of 419,424 shares, compared to its average volume of 648,936. Maiden has a 12-month low of $5.55 and a 12-month high of $18.95. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.27.

Maiden (NASDAQ:MHLD) last issued its quarterly earnings results on Wednesday, November 8th. The insurance provider reported ($0.66) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.77). Maiden had a negative net margin of 3.95% and a negative return on equity of 9.10%. The business had revenue of $653.87 million during the quarter, compared to analyst estimates of $708.04 million. During the same period last year, the firm posted $0.39 earnings per share. Maiden’s quarterly revenue was down 6.4% compared to the same quarter last year. equities analysts predict that Maiden will post -0.35 earnings per share for the current year.

In other news, Director Raymond Michael Neff acquired 46,500 shares of the firm’s stock in a transaction dated Monday, November 13th. The stock was purchased at an average price of $6.40 per share, for a total transaction of $297,600.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 10.00% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System increased its holdings in shares of Maiden by 0.3% during the second quarter. Louisiana State Employees Retirement System now owns 30,000 shares of the insurance provider’s stock valued at $333,000 after acquiring an additional 100 shares in the last quarter. Arizona State Retirement System increased its holdings in shares of Maiden by 0.5% during the second quarter. Arizona State Retirement System now owns 38,400 shares of the insurance provider’s stock valued at $426,000 after acquiring an additional 200 shares in the last quarter. Quantum Capital Management increased its holdings in shares of Maiden by 1.8% during the second quarter. Quantum Capital Management now owns 11,890 shares of the insurance provider’s stock valued at $132,000 after acquiring an additional 209 shares in the last quarter. Texas Permanent School Fund increased its holdings in shares of Maiden by 1.2% during the second quarter. Texas Permanent School Fund now owns 53,714 shares of the insurance provider’s stock valued at $596,000 after acquiring an additional 621 shares in the last quarter. Finally, Rothschild Asset Management Inc. increased its holdings in shares of Maiden by 0.5% during the second quarter. Rothschild Asset Management Inc. now owns 267,029 shares of the insurance provider’s stock valued at $2,964,000 after acquiring an additional 1,326 shares in the last quarter. Hedge funds and other institutional investors own 65.87% of the company’s stock.

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Maiden Company Profile

Maiden Holdings, Ltd. (Maiden) is a holding company. The Company focuses 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. It operates through two segments: Diversified Reinsurance and AmTrust Reinsurance.

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