Morgan Stanley Reduces Position in Maiden Holdings, Ltd. (NASDAQ:MHLD)
Morgan Stanley cut its position in shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) by 18.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 286,904 shares of the insurance provider’s stock after selling 64,433 shares during the period. Morgan Stanley’s holdings in Maiden Holdings were worth $4,016,000 as of its most recent SEC filing.
A number of other large investors also recently made changes to their positions in the stock. Norges Bank bought a new stake in shares of Maiden Holdings during the fourth quarter worth $16,630,000. Teachers Advisors LLC boosted 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 worth $2,015,000 after buying an additional 7,134 shares during the period. Louisiana State Employees Retirement System boosted its stake in shares of Maiden Holdings by 1.7% in the first quarter. Louisiana State Employees Retirement System now owns 29,900 shares of the insurance provider’s stock worth $419,000 after buying an additional 500 shares during the period. State of Alaska Department of Revenue boosted 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 worth $113,000 after buying an additional 170 shares during the period. Finally, First Citizens Bank & Trust Co. bought a new stake in shares of Maiden Holdings during the first quarter worth $144,000. 67.62% of the stock is owned by hedge funds and other institutional investors.
Maiden Holdings, Ltd. (NASDAQ MHLD) traded up 2.500% on Monday, reaching $7.175. 94,249 shares of the company’s stock were exchanged. The firm’s market capitalization is $621.50 million. The stock’s 50 day moving average price is $10.73 and its 200 day moving average price is $12.97. Maiden Holdings, Ltd. has a 1-year low of $6.90 and a 1-year high of $18.95.
Maiden Holdings (NASDAQ:MHLD) last released its earnings results on Tuesday, August 8th. The insurance provider reported ($0.14) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.43. The company had revenue of $753.18 million for the quarter, compared to analyst estimates of $740.30 million. Maiden Holdings had a negative net margin of 0.61% and a negative return on equity of 0.55%. On average, analysts expect that Maiden Holdings, Ltd. will post $0.74 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Monday, October 16th. Shareholders of record on Monday, October 2nd will be paid 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 8.57%. Maiden Holdings’s payout ratio is -120.00%.
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MHLD has been the topic of a number of recent research reports. Compass Point upgraded shares of Maiden Holdings from a “neutral” rating to a “buy” rating and set a $15.00 price objective on the stock in a research note on Wednesday, May 10th. Keefe, Bruyette & Woods restated a “buy” rating and issued a $19.00 price objective on shares of Maiden Holdings in a research note on Friday, June 9th. BidaskClub upgraded shares of Maiden Holdings from a “strong sell” rating to a “sell” rating in a research note on Saturday, June 10th. FBR & Co restated a “hold” rating and issued a $13.00 price objective on shares of Maiden Holdings in a research note on Tuesday, June 27th. Finally, JMP Securities restated a “mkt outperform” rating and issued a $9.00 price objective on shares of Maiden Holdings in a research note on Thursday. Two investment 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’s stock. Maiden Holdings 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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