Maiden Holdings Ltd. (NASDAQ:MHLD) was the recipient of a large decrease in short interest during the month of September. As of September 30th, there was short interest totalling 2,206,866 shares, a decrease of 52.0% from the September 15th total of 4,593,562 shares. Based on an average daily volume of 644,249 shares, the short-interest ratio is currently 3.4 days. Approximately 3.8% of the shares of the company are short sold.
Maiden Holdings (NASDAQ:MHLD) opened at 13.80 on Wednesday. The firm has a 50-day moving average of $13.29 and a 200 day moving average of $13.03. Maiden Holdings has a 52-week low of $11.14 and a 52-week high of $16.10. The company has a market cap of $1.02 billion, a PE ratio of 10.11 and a beta of 1.13.
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 analysts’ consensus estimates 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 business earned $0.37 earnings per share. Equities research analysts expect that Maiden Holdings will post $1.56 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Wednesday, October 5th will be given a $0.14 dividend. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $0.56 annualized dividend and a yield of 4.06%. Maiden Holdings’s dividend payout ratio is 41.18%.
A number of hedge funds have recently bought and sold shares of the company. Teacher Retirement System of Texas raised its stake 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. raised its stake 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. bought a new stake in Maiden Holdings during the second quarter valued at about $125,000. BNP Paribas Arbitrage SA raised its stake in Maiden Holdings by 173.1% in the third quarter. BNP Paribas Arbitrage SA now owns 11,033 shares of the company’s stock valued at $140,000 after buying an additional 6,993 shares in the last quarter. Finally, US Bancorp DE raised its stake 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. Institutional investors own 70.33% of the company’s stock.
Several research analysts have commented on the stock. JMP Securities restated a “buy” rating on shares of Maiden Holdings in a research report on Tuesday, June 28th. Zacks Investment Research upgraded shares of Maiden Holdings from a “sell” rating to a “hold” rating in a research report on Wednesday, August 31st.
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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