LSV Asset Management increased its stake in shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) by 6.0% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 3,364,150 shares of the insurance provider’s stock after buying an additional 190,841 shares during the period. LSV Asset Management owned approximately 3.90% of Maiden Holdings worth $47,098,000 at the end of the most recent reporting period.
Other hedge funds also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue boosted its stake in Maiden Holdings by 2.1% in the first quarter. State of Alaska Department of Revenue now owns 8,090 shares of the insurance provider’s stock valued at $113,000 after buying an additional 170 shares during the period. First Citizens Bank & Trust Co. bought a new stake in Maiden Holdings during the first quarter valued at approximately $144,000. Municipal Employees Retirement System of Michigan bought a new stake in Maiden Holdings during the third quarter valued at approximately $162,000. TNB Financial bought a new stake in Maiden Holdings during the first quarter valued at approximately $196,000. Finally, Capstone Investment Advisors LLC bought a new stake in Maiden Holdings during the fourth quarter valued at approximately $222,000. 69.76% of the stock is currently owned by institutional investors and hedge funds.
Maiden Holdings, Ltd. (NASDAQ:MHLD) traded up 1.27% during midday trading on Friday, reaching $12.00. 590,739 shares of the company’s stock traded hands. Maiden Holdings, Ltd. has a 1-year low of $11.64 and a 1-year high of $18.95. The stock’s 50 day moving average price is $13.06 and its 200 day moving average price is $15.55. The firm has a market cap of $1.04 billion, a price-to-earnings ratio of 63.16 and a beta of 1.17.
Maiden Holdings (NASDAQ:MHLD) last posted its quarterly earnings data on Monday, February 27th. The insurance provider reported ($0.81) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.98) by $0.17. Maiden Holdings had a net margin of 5.51% and a return on equity of 13.56%. The company had revenue of $616.30 million for the quarter, compared to analyst estimates of $593.80 million. During the same period in the prior year, the firm posted $0.34 EPS. The company’s quarterly revenue was up 5.6% on a year-over-year basis. Equities research analysts anticipate that Maiden Holdings, Ltd. will post $1.81 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Monday, April 17th. Investors of record on Monday, April 3rd were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Thursday, March 30th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 5.00%. Maiden Holdings’s payout ratio is presently 41.10%.
A number of equities analysts have issued reports on the stock. TheStreet cut shares of Maiden Holdings from a “b” rating to a “c+” rating in a research note on Monday, April 3rd. FBR & Co reaffirmed a “hold” rating and issued a $16.00 price objective on shares of Maiden Holdings in a research note on Wednesday, March 1st. Keefe, Bruyette & Woods assumed coverage on shares of Maiden Holdings in a research note on Tuesday, January 31st. They issued an “outperform” rating on the stock. JMP Securities raised their price objective on shares of Maiden Holdings from $18.00 to $19.00 and gave the company an “outperform” rating in a research note on Monday, January 23rd. Finally, Zacks Investment Research cut shares of Maiden Holdings from a “hold” rating to a “strong sell” rating in a research note on Wednesday, April 5th. One investment analyst has rated the stock with a sell rating, one has given a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $16.00.
Maiden Holdings Company Profile
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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