Maiden Holdings, Ltd. (MHLD) Shares Sold by Dimensional Fund Advisors LP
Dimensional Fund Advisors LP lessened its stake in Maiden Holdings, Ltd. (NASDAQ:MHLD) by 5.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 6,686,778 shares of the insurance provider’s stock after selling 417,950 shares during the quarter. Dimensional Fund Advisors LP owned about 7.90% of Maiden worth $53,159,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of MHLD. Principal Financial Group Inc. increased its holdings in shares of Maiden by 419.2% in the second quarter. Principal Financial Group Inc. now owns 3,016,021 shares of the insurance provider’s stock valued at $33,479,000 after purchasing an additional 2,435,153 shares during the last quarter. Thrivent Financial For Lutherans increased its holdings in shares of Maiden by 1,714.1% in the second quarter. Thrivent Financial For Lutherans now owns 753,040 shares of the insurance provider’s stock valued at $8,359,000 after purchasing an additional 711,530 shares during the last quarter. Boston Partners increased its holdings in shares of Maiden by 6.6% in the third quarter. Boston Partners now owns 4,877,487 shares of the insurance provider’s stock valued at $38,776,000 after purchasing an additional 302,529 shares during the last quarter. Los Angeles Capital Management & Equity Research Inc. acquired a new stake in shares of Maiden in the second quarter valued at approximately $2,419,000. Finally, Schwab Charles Investment Management Inc. increased its holdings in shares of Maiden by 50.9% in the second quarter. Schwab Charles Investment Management Inc. now owns 623,463 shares of the insurance provider’s stock valued at $6,921,000 after purchasing an additional 210,223 shares during the last quarter. 65.83% of the stock is owned by hedge funds and other institutional investors.
In other news, Director Raymond Michael Neff purchased 46,500 shares of the stock in a transaction dated Monday, November 13th. The stock was acquired at an average cost of $6.40 per share, for a total transaction of $297,600.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 10.00% of the company’s stock.
Several equities research analysts have issued reports on the company. BidaskClub cut Maiden from a “hold” rating to a “sell” rating in a research note on Thursday, December 21st. B. Riley reissued a “neutral” rating and set a $10.00 target price on shares of Maiden in a research note on Monday, November 6th. FBR & Co reissued a “hold” rating and set a $11.00 target price on shares of Maiden in a research note on Monday, September 25th. Keefe, Bruyette & Woods reissued a “hold” rating and set a $7.00 target price on shares of Maiden in a research note on Wednesday, December 6th. Finally, Zacks Investment Research raised Maiden from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 12th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the stock. Maiden currently has an average rating of “Hold” and an average target price of $10.40.
Shares of Maiden Holdings, Ltd. (MHLD) opened at $6.80 on Friday. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.18 and a current ratio of 0.18. The stock has a market capitalization of $575.45, a price-to-earnings ratio of -4.17 and a beta of 1.17. Maiden Holdings, Ltd. has a one year low of $5.55 and a one year high of $18.95.
Maiden (NASDAQ:MHLD) last posted its earnings results on Wednesday, November 8th. The insurance provider reported ($0.66) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.11 by ($0.77). The business had revenue of $653.87 million for the quarter, compared to analyst estimates of $708.04 million. Maiden had a negative return on equity of 9.10% and a negative net margin of 3.95%. Maiden’s revenue was down 6.4% compared to the same quarter last year. During the same period last year, the business earned $0.39 EPS. equities analysts expect that Maiden Holdings, Ltd. will post -0.35 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be given a dividend of $0.15 per share. The ex-dividend date of this dividend is Friday, December 29th. This represents a $0.60 annualized dividend and a dividend yield of 8.82%. Maiden’s dividend payout ratio is currently -36.81%.
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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