Maiden (NASDAQ:MHLD)‘s stock had its “market perform” rating reiterated by investment analysts at Keefe, Bruyette & Woods in a research report issued on Tuesday, The Fly reports. The analysts noted that the move was a valuation call.
A number of other analysts have also recently weighed in on the company. BidaskClub raised Maiden from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 19th. B. Riley reduced their price target on Maiden from $8.00 to $4.00 and set a “neutral” rating for the company in a report on Thursday, September 6th. TheStreet cut Maiden from a “c-” rating to a “d+” rating in a report on Friday, August 17th. Finally, ValuEngine raised Maiden from a “sell” rating to a “hold” rating in a report on Thursday, August 2nd. One investment analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. Maiden presently has a consensus rating of “Hold” and a consensus target price of $6.33.
NASDAQ:MHLD opened at $3.51 on Tuesday. The company has a market cap of $236.96 million, a P/E ratio of -1.63 and a beta of 1.10. The company has a current ratio of 0.15, a quick ratio of 0.15 and a debt-to-equity ratio of 0.40. Maiden has a 52-week low of $2.15 and a 52-week high of $9.10.
Maiden (NASDAQ:MHLD) last released its quarterly earnings results on Thursday, August 9th. The insurance provider reported ($0.13) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.26 by ($0.39). Maiden had a negative return on equity of 21.35% and a negative net margin of 5.43%. The firm had revenue of $713.69 million for the quarter. On average, research analysts expect that Maiden will post 1.1 EPS for the current fiscal year.
Several institutional investors and hedge funds have recently bought and sold shares of the company. Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new position in Maiden during the second quarter worth $112,000. Gargoyle Investment Advisor L.L.C. acquired a new position in Maiden during the first quarter worth $122,000. California Public Employees Retirement System acquired a new position in Maiden during the first quarter worth $174,000. Koch Industries Inc. raised its holdings in Maiden by 137.3% during the first quarter. Koch Industries Inc. now owns 27,041 shares of the insurance provider’s stock worth $176,000 after purchasing an additional 15,647 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Maiden during the second quarter worth $183,000. 62.05% of the stock is owned by institutional investors and hedge funds.
Maiden Company Profile
Maiden Holdings, Ltd., through its subsidiaries, provides reinsurance solutions to regional and specialty insurers in the United States, Europe, and internationally. It operates in two segments, Diversified Reinsurance and AmTrust Reinsurance. The Diversified Reinsurance segment offers property and casualty reinsurance, including the writing of treaties on a quota share or excess of loss basis; and facultative risks, which are marketed through third-party intermediaries and on a direct basis.
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