Spark Investment Management LLC maintained its stake in shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 32,800 shares of the company’s stock at the end of the third quarter. Spark Investment Management LLC’s holdings in Maiden Holdings were worth $416,000 at the end of the most recent reporting period.
A number of other large investors have also modified their holdings of the company. 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 in the last quarter. 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 in the last quarter. Campbell & CO Investment Adviser LLC bought a new position in shares of Maiden Holdings during the third quarter worth $131,000. 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 in the last quarter. 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 in the last quarter. Hedge funds and other institutional investors own 69.61% of the company’s stock.
Maiden Holdings, Ltd. (NASDAQ:MHLD) traded up 1.42% during trading on Wednesday, reaching $17.90. The company’s stock had a trading volume of 300,065 shares. The stock’s 50 day moving average is $17.34 and its 200-day moving average is $14.61. The firm has a market cap of $1.54 billion, a P/E ratio of 12.17 and a beta of 1.18. Maiden Holdings, Ltd. has a 52 week low of $11.14 and a 52 week high of $18.25.
Maiden Holdings (NASDAQ:MHLD) last announced its earnings results on Wednesday, November 2nd. The company reported $0.39 EPS for the quarter, missing the consensus estimate of $0.40 by $0.01. The business had revenue of $628.28 million for the quarter, compared to the consensus estimate of $629.60 million. Maiden Holdings had a return on equity of 13.56% and a net margin of 5.51%. Maiden Holdings’s revenue for the quarter was down 4.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.34 EPS. On average, equities research analysts forecast that Maiden Holdings, Ltd. will post $1.52 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, January 17th. Stockholders of record on Tuesday, January 3rd were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 3.35%. The ex-dividend date was Thursday, December 29th. This is a positive change from Maiden Holdings’s previous quarterly dividend of $0.14. Maiden Holdings’s dividend payout ratio is 41.10%.
MHLD has been the topic of a number of analyst reports. FBR & Co cut Maiden Holdings from an “outperform” rating to a “market perform” rating in a research note on Monday, November 28th. Compass Point cut Maiden Holdings from a “buy” rating to a “neutral” rating in a research note on Wednesday, January 4th. Finally, Zacks Investment Research raised Maiden Holdings from a “sell” rating to a “hold” rating in a research note on Monday, September 26th.
In other news, CFO Karen Schmitt sold 20,000 shares of the company’s stock in a transaction on Monday, November 14th. The stock was sold at an average price of $15.99, for a total transaction of $319,800.00. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Lawrence F. Metz sold 2,000 shares of the company’s stock in a transaction on Monday, December 19th. The shares were sold at an average price of $17.65, for a total value of $35,300.00. Following the transaction, the insider now directly owns 8,887 shares in the company, valued at approximately $156,855.55. The disclosure for this sale can be found here. Insiders own 7.40% of the company’s stock.
About Maiden Holdings
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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