Shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) have been assigned a consensus recommendation of “Hold” from the seven brokerages that are presently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and one has issued a buy recommendation on the company. The average 1 year price objective among brokers that have issued a report on the stock in the last year is $6.00.
Several research analysts have recently weighed in on the stock. ValuEngine raised shares of Maiden from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. Keefe, Bruyette & Woods reissued a “market perform” rating on shares of Maiden in a research report on Tuesday, October 9th. They noted that the move was a valuation call. BidaskClub raised shares of Maiden from a “strong sell” rating to a “sell” rating in a research report on Wednesday, September 19th. B. Riley lowered their price target on shares of Maiden from $8.00 to $4.00 and set a “neutral” rating on the stock in a research report on Thursday, September 6th. Finally, TheStreet cut shares of Maiden from a “c-” rating to a “d+” rating in a research report on Friday, August 17th.
MHLD traded down $0.11 on Monday, hitting $3.52. 444,579 shares of the company’s stock were exchanged, compared to its average volume of 520,558. Maiden has a fifty-two week low of $2.15 and a fifty-two week high of $9.10. The company has a quick ratio of 0.15, a current ratio of 0.15 and a debt-to-equity ratio of 0.40.
Maiden (NASDAQ:MHLD) last announced its earnings results on Thursday, August 9th. The insurance provider reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.26 by ($0.39). The business had revenue of $713.69 million for the quarter. Maiden had a negative return on equity of 21.35% and a negative net margin of 5.43%.
Several hedge funds have recently made changes to their positions in MHLD. California Public Employees Retirement System acquired a new position in shares of Maiden during the 1st quarter valued at about $174,000. Russell Investments Group Ltd. purchased a new stake in Maiden in the 1st quarter valued at about $257,000. Legal & General Group Plc raised its holdings in Maiden by 10.8% in the 1st quarter. Legal & General Group Plc now owns 148,746 shares of the insurance provider’s stock valued at $969,000 after buying an additional 14,538 shares during the period. Royal Bank of Canada raised its holdings in Maiden by 72.3% in the 1st quarter. Royal Bank of Canada now owns 107,711 shares of the insurance provider’s stock valued at $700,000 after buying an additional 45,202 shares during the period. Finally, Nisa Investment Advisors LLC purchased a new stake in Maiden in the 2nd quarter valued at about $380,000. 62.05% of the stock is currently owned by hedge funds and other institutional investors.
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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