Maiden Holdings, Ltd. (NASDAQ:MHLD) traded up 5% during mid-day trading on Thursday . The company traded as high as $3.41 and last traded at $3.35. 649,237 shares changed hands during trading, a decline of 6% from the average session volume of 687,895 shares. The stock had previously closed at $3.19.
Several brokerages have recently weighed in on MHLD. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Maiden in a research note on Tuesday, October 9th. They noted that the move was a valuation call. BidaskClub downgraded shares of Maiden from a “buy” rating to a “hold” rating in a research note on Friday, July 13th. ValuEngine raised shares of Maiden from a “sell” rating to a “hold” rating in a research note on Thursday, August 2nd. TheStreet downgraded shares of Maiden from a “c-” rating to a “d+” rating in a research note on Friday, August 17th. Finally, B. Riley reduced their target price on shares of Maiden from $8.00 to $4.00 and set a “neutral” rating on the stock in a research note on Thursday, September 6th. One equities research analyst has rated the stock with a sell rating and five have assigned a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $6.33.
The company has a market cap of $266.89 million, a price-to-earnings ratio of -1.56 and a beta of 1.10. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.40.
The business also recently declared a quarterly dividend, which was paid on Monday, October 15th. Investors of record on Monday, October 1st were paid a $0.05 dividend. This represents a $0.20 annualized dividend and a yield of 5.95%. The ex-dividend date of this dividend was Friday, September 28th. Maiden’s dividend payout ratio is presently -9.26%.
Hedge funds have recently bought and sold shares of the stock. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new position in Maiden in the 2nd quarter worth about $112,000. SG Americas Securities LLC purchased a new position in Maiden in the 2nd quarter worth about $183,000. California Public Employees Retirement System purchased a new position in Maiden in the 1st quarter worth about $174,000. GSA Capital Partners LLP purchased a new position in Maiden in the 2nd quarter worth about $235,000. Finally, MetLife Investment Advisors LLC increased its stake in Maiden by 95.8% in the 2nd quarter. MetLife Investment Advisors LLC now owns 32,906 shares of the insurance provider’s stock worth $255,000 after buying an additional 16,103 shares during the period. 62.04% of the stock is currently owned by institutional investors.
Maiden Company Profile (NASDAQ:MHLD)
Maiden Holdings, Ltd., through its subsidiaries, provides reinsurance solutions to regional and specialty insurers in the United States, Europe, and internationally. It operates in two segments, Diversified Reinsurance and AmTrust Reinsurance. The Diversified Reinsurance segment offers property and casualty reinsurance, including the writing of treaties on a quota share or excess of loss basis; and facultative risks, which are marketed through third-party intermediaries and on a direct basis.
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