According to Zacks, “MAIDEN HOLDINGS is a Bermuda holding company which offers customized reinsurance products and services through Maiden Insurance Company, Ltd., its wholly owned Bermuda reinsurance subsidiary, to subsidiaries of AmTrust Financial Services, Inc. and small insurance companies and managing general agents in the United States and Europe. “
Separately, JMP Securities reissued a buy rating on shares of Maiden Holdings in a report on Tuesday, June 28th.
Shares of Maiden Holdings (NASDAQ:MHLD) opened at 13.40 on Wednesday. The firm’s 50-day moving average price is $13.31 and its 200 day moving average price is $13.00. Maiden Holdings has a 12 month low of $11.14 and a 12 month high of $16.10. The company has a market cap of $991.83 million, a PE ratio of 9.82 and a beta of 1.13.
Maiden Holdings (NASDAQ:MHLD) last posted its quarterly 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 firm earned $0.37 EPS. Equities research analysts anticipate that Maiden Holdings will post $1.56 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Wednesday, October 19th. Shareholders of record on Wednesday, October 5th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Monday, October 3rd. This represents a $0.56 dividend on an annualized basis and a yield of 4.18%. Maiden Holdings’s dividend payout ratio (DPR) is presently 41.18%.
A number of hedge funds and other institutional investors have recently modified their holdings of MHLD. Teacher Retirement System of Texas boosted its position in shares of Maiden Holdings by 21.2% in the second quarter. Teacher Retirement System of Texas now owns 8,235 shares of the company’s stock worth $101,000 after buying an additional 1,440 shares during the period. Sei Investments Co. boosted its position in shares of Maiden Holdings by 163.5% in the second quarter. Sei Investments Co. now owns 8,616 shares of the company’s stock worth $106,000 after buying an additional 5,346 shares during the period. Fox Run Management L.L.C. bought a new position in shares of Maiden Holdings during the second quarter worth about $125,000. BNP Paribas Arbitrage SA boosted its position in shares of Maiden Holdings by 173.1% in the third quarter. BNP Paribas Arbitrage SA now owns 11,033 shares of the company’s stock worth $140,000 after buying an additional 6,993 shares during the period. Finally, US Bancorp DE boosted its position in shares of Maiden Holdings by 0.6% in the second quarter. US Bancorp DE now owns 11,933 shares of the company’s stock worth $147,000 after buying an additional 73 shares during the period. 70.31% of the stock is owned by institutional investors.
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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