Maiden Holdings, Ltd. (MHLD) Receives Average Rating of “Hold” from Analysts

Shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) have been given an average rating of “Hold” by the nine research firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and one has assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $10.40.

Several brokerages have recently weighed in on MHLD. BidaskClub upgraded Maiden from a “sell” rating to a “hold” rating in a report on Tuesday, March 20th. Zacks Investment Research upgraded Maiden from a “sell” rating to a “hold” rating in a report on Friday, March 9th. ValuEngine downgraded Maiden from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Finally, Keefe, Bruyette & Woods reiterated a “hold” rating and issued a $7.00 price target on shares of Maiden in a report on Wednesday, December 6th.

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Shares of Maiden stock traded down $0.40 during midday trading on Friday, hitting $6.30. The stock had a trading volume of 486,692 shares, compared to its average volume of 749,996. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.13 and a current ratio of 0.13. Maiden has a 12-month low of $5.55 and a 12-month high of $14.40. The stock has a market capitalization of $522.94, a P/E ratio of -2.67 and a beta of 1.24.

Maiden (NASDAQ:MHLD) last issued its quarterly earnings results on Wednesday, February 28th. The insurance provider reported ($1.65) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($1.84). Maiden had a negative return on equity of 16.99% and a negative net margin of 5.82%. The business had revenue of $703.14 million during the quarter, compared to analysts’ expectations of $720.40 million. research analysts expect that Maiden will post 1.1 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 16th. Shareholders of record on Monday, April 2nd will be issued a dividend of $0.15 per share. The ex-dividend date of this dividend is Thursday, March 29th. This represents a $0.60 annualized dividend and a yield of 9.52%. Maiden’s payout ratio is currently -25.42%.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Boston Partners increased its holdings in Maiden by 36.5% during the 4th quarter. Boston Partners now owns 6,658,265 shares of the insurance provider’s stock worth $43,945,000 after purchasing an additional 1,780,778 shares during the period. Wells Fargo & Company MN increased its holdings in Maiden by 14.1% during the 3rd quarter. Wells Fargo & Company MN now owns 1,577,213 shares of the insurance provider’s stock worth $12,539,000 after purchasing an additional 194,708 shares during the period. Kennedy Capital Management Inc. increased its holdings in Maiden by 16.9% during the 4th quarter. Kennedy Capital Management Inc. now owns 1,278,356 shares of the insurance provider’s stock worth $8,437,000 after purchasing an additional 184,776 shares during the period. Schwab Charles Investment Management Inc. increased its holdings in Maiden by 4.3% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 713,765 shares of the insurance provider’s stock worth $4,711,000 after purchasing an additional 29,455 shares during the period. Finally, Two Sigma Investments LP increased its holdings in Maiden by 24.9% during the 4th quarter. Two Sigma Investments LP now owns 683,739 shares of the insurance provider’s stock worth $4,513,000 after purchasing an additional 136,192 shares during the period. Institutional investors own 66.16% 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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