Maiden (MHLD) Earning Somewhat Favorable News Coverage, Study Finds
Media stories about Maiden (NASDAQ:MHLD) have trended somewhat positive recently, according to Accern. The research firm ranks the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Maiden earned a media sentiment score of 0.11 on Accern’s scale. Accern also gave headlines about the insurance provider an impact score of 44.8918136408996 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near term.
A number of equities analysts have issued reports on MHLD shares. Zacks Investment Research raised shares of Maiden from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 12th. BidaskClub raised shares of Maiden from a “sell” rating to a “hold” rating in a research note on Thursday, December 7th. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $10.00 price objective on shares of Maiden in a research note on Friday, November 3rd. FBR & Co reaffirmed a “hold” rating and issued a $11.00 price objective on shares of Maiden in a research note on Monday, September 25th. Finally, B. Riley reiterated a “neutral” rating and issued a $10.00 target price on shares of Maiden in a report on Monday, November 6th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $10.40.
Maiden (NASDAQ:MHLD) traded up $0.35 on Wednesday, reaching $7.10. 625,600 shares of the company’s stock traded hands, compared to its average volume of 646,484. The company has a current ratio of 0.18, a quick ratio of 0.18 and a debt-to-equity ratio of 0.27. Maiden has a 12 month low of $5.55 and a 12 month 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 for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.77). The firm had revenue of $653.87 million during 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%. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same quarter last year, the business posted $0.39 earnings per share. research analysts predict that Maiden will post -0.35 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Shareholders of record on Tuesday, January 2nd will be issued a $0.15 dividend. The ex-dividend date is Friday, December 29th. This represents a $0.60 annualized dividend and a yield of 8.45%. Maiden’s dividend payout ratio (DPR) is presently -36.59%.
In other news, Director Raymond Michael Neff bought 46,500 shares of the business’s stock in a transaction on Monday, November 13th. The shares were bought at an average cost of $6.40 per share, for a total transaction of $297,600.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 10.00% of the company’s stock.
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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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