Lucus Advisors LLC bought a new stake in Maiden Holdings Ltd. (NASDAQ:MHLD) during the second quarter, Holdings Channel reports. The fund bought 28,642 shares of the company’s stock, valued at approximately $351,000.
Several other large investors have also recently modified their holdings of the company. Goldman Sachs Group Inc. boosted its stake in shares of Maiden Holdings by 1.5% in the first quarter. Goldman Sachs Group Inc. now owns 4,042,231 shares of the company’s stock valued at $52,307,000 after buying an additional 60,748 shares during the period. Geode Capital Management LLC boosted its stake in shares of Maiden Holdings by 5.6% in the first quarter. Geode Capital Management LLC now owns 387,437 shares of the company’s stock valued at $5,013,000 after buying an additional 20,403 shares during the period. Bank of Montreal Can purchased a new stake in shares of Maiden Holdings during the second quarter valued at about $3,444,000. Meritage Portfolio Management purchased a new stake in shares of Maiden Holdings during the second quarter valued at about $3,364,000. Finally, Aperio Group LLC boosted its stake in shares of Maiden Holdings by 6.7% in the first quarter. Aperio Group LLC now owns 174,221 shares of the company’s stock valued at $2,254,000 after buying an additional 10,882 shares during the period. 70.31% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Maiden Holdings Ltd. (NASDAQ:MHLD) traded down 1.95% during midday trading on Thursday, reaching $12.58. The company’s stock had a trading volume of 352,676 shares. The company has a 50 day moving average price of $13.53 and a 200-day moving average price of $12.99. The stock has a market capitalization of $931.13 million, a PE ratio of 9.22 and a beta of 1.16. 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 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 EPS. On average, equities research analysts expect 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. Stockholders of record on Wednesday, October 5th will be paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 4.45%. The ex-dividend date of this dividend is Monday, October 3rd. Maiden Holdings’s payout ratio is currently 41.18%.
MHLD has been the topic of several research reports. Zacks Investment Research raised Maiden Holdings from a “sell” rating to a “hold” rating in a report on Wednesday, August 31st. JMP Securities reaffirmed a “buy” rating on shares of Maiden Holdings in a 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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