Maiden Holdings’ (NASDAQ:MHLD) “Hold” Rating Reiterated at Keefe, Bruyette & Woods

Maiden Holdings, Ltd. (NASDAQ:MHLD)‘s stock had its “hold” rating reaffirmed by equities research analysts at Keefe, Bruyette & Woods in a research note issued to investors on Friday, November 3rd. They presently have a $10.00 price target on the insurance provider’s stock. Keefe, Bruyette & Woods’ target price indicates a potential upside of 56.25% from the company’s current price.

Several other equities research analysts also recently commented on the company. FBR & Co reissued a “hold” rating and issued a $11.00 price objective on shares of Maiden Holdings in a report on Monday, September 25th. Zacks Investment Research downgraded Maiden Holdings from a “hold” rating to a “strong sell” rating in a report on Saturday, September 23rd. JMP Securities restated a “mkt outperform” rating and issued a $9.00 price target on shares of Maiden Holdings in a research note on Thursday, August 10th. Finally, BidaskClub cut Maiden Holdings from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Two research analysts have rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the company’s stock. Maiden Holdings presently has an average rating of “Hold” and a consensus price target of $11.00.

Maiden Holdings (MHLD) remained flat at $$6.40 during trading hours on Friday. The company had a trading volume of 689,720 shares, compared to its average volume of 641,591. Maiden Holdings has a 1 year low of $5.55 and a 1 year high of $18.95. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.18 and a current ratio of 0.18.

Maiden Holdings (NASDAQ:MHLD) last released its quarterly earnings results on Wednesday, November 8th. The insurance provider reported ($0.66) earnings per share for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.77). The firm had revenue of $653.87 million for the quarter, compared to analyst estimates of $708.04 million. Maiden Holdings had a negative return on equity of 9.10% and a negative net margin of 3.95%. The company’s revenue was down 6.4% compared to the same quarter last year. During the same period last year, the company earned $0.39 EPS. sell-side analysts expect that Maiden Holdings will post -0.35 earnings per share for the current year.

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In other news, Director Raymond Michael Neff acquired 46,500 shares of the stock in a transaction on Monday, November 13th. The shares were purchased at an average price of $6.40 per share, for a total transaction of $297,600.00. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. 10.00% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of MHLD. Principal Financial Group Inc. increased its position in shares of Maiden Holdings by 3.9% in the first quarter. Principal Financial Group Inc. now owns 580,868 shares of the insurance provider’s stock worth $8,132,000 after purchasing an additional 21,965 shares during the period. Wellington Management Group LLP increased its position in shares of Maiden Holdings by 5.7% in the first quarter. Wellington Management Group LLP now owns 173,901 shares of the insurance provider’s stock worth $2,435,000 after purchasing an additional 9,431 shares during the period. Legal & General Group Plc increased its position in shares of Maiden Holdings by 0.5% in the first quarter. Legal & General Group Plc now owns 126,462 shares of the insurance provider’s stock worth $1,769,000 after purchasing an additional 675 shares during the period. Thrivent Financial For Lutherans increased its position in shares of Maiden Holdings by 6.6% in the first quarter. Thrivent Financial For Lutherans now owns 41,510 shares of the insurance provider’s stock worth $581,000 after purchasing an additional 2,580 shares during the period. Finally, Geode Capital Management LLC increased its position in shares of Maiden Holdings by 3.7% in the first quarter. Geode Capital Management LLC now owns 604,356 shares of the insurance provider’s stock worth $8,460,000 after purchasing an additional 21,437 shares during the period. Institutional investors own 68.49% of the company’s stock.

About Maiden Holdings

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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