Louisiana State Employees Retirement System Purchases 100 Shares of Maiden Holdings, Ltd. (MHLD)
Louisiana State Employees Retirement System boosted its stake in Maiden Holdings, Ltd. (NASDAQ:MHLD) by 0.3% during the second quarter, Holdings Channel reports. The institutional investor owned 30,000 shares of the insurance provider’s stock after buying an additional 100 shares during the period. Louisiana State Employees Retirement System’s holdings in Maiden Holdings were worth $333,000 at the end of the most recent quarter.
Several other hedge funds have also recently made changes to their positions in MHLD. Teachers Advisors LLC raised its stake in shares of Maiden Holdings by 6.6% in the fourth quarter. Teachers Advisors LLC now owns 115,490 shares of the insurance provider’s stock valued at $2,015,000 after buying an additional 7,134 shares in the last quarter. State of Alaska Department of Revenue raised its stake in shares of 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 in the last quarter. First Citizens Bank & Trust Co. purchased a new stake in shares of Maiden Holdings during the first quarter valued at about $144,000. Eqis Capital Management Inc. purchased a new stake in shares of Maiden Holdings during the first quarter valued at about $244,000. Finally, LSV Asset Management raised its stake in shares of Maiden Holdings by 6.0% in the first quarter. LSV Asset Management now owns 3,364,150 shares of the insurance provider’s stock valued at $47,098,000 after buying an additional 190,841 shares in the last quarter. Institutional investors and hedge funds own 67.62% of the company’s stock.
Maiden Holdings, Ltd. (NASDAQ:MHLD) traded down 0.342% during trading on Wednesday, reaching $7.275. 330,522 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $10.50 and a 200-day moving average price of $12.74. The firm’s market cap is $630.16 million. Maiden Holdings, Ltd. has a 12 month low of $6.90 and a 12 month high of $18.95.
Maiden Holdings (NASDAQ:MHLD) last issued its quarterly earnings results on Tuesday, August 8th. The insurance provider reported ($0.14) EPS for the quarter, missing the consensus estimate of $0.29 by $0.43. Maiden Holdings had a negative return on equity of 0.55% and a negative net margin of 0.61%. The business had revenue of $753.18 million for the quarter, compared to the consensus estimate of $740.30 million. On average, analysts forecast that Maiden Holdings, Ltd. will post $0.74 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, September 29th. This represents a $0.60 annualized dividend and a yield of 8.22%. Maiden Holdings’s dividend payout ratio (DPR) is presently -120.00%.
Several analysts recently issued reports on MHLD shares. Compass Point upgraded Maiden Holdings from a “neutral” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Wednesday, May 10th. Keefe, Bruyette & Woods reiterated a “buy” rating and set a $19.00 price objective on shares of Maiden Holdings in a report on Friday, June 9th. BidaskClub upgraded Maiden Holdings from a “strong sell” rating to a “sell” rating in a report on Saturday, June 10th. FBR & Co reiterated a “hold” rating and set a $13.00 price objective on shares of Maiden Holdings in a report on Tuesday, June 27th. Finally, JMP Securities reiterated a “mkt outperform” rating and set a $9.00 price objective on shares of Maiden Holdings in a report on Thursday, August 10th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and a consensus price target of $11.50.
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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