Maiden Holdings, Ltd. (MHLD) Shares Bought by Nwam LLC
Nwam LLC boosted its stake in shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) by 70.2% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 76,471 shares of the insurance provider’s stock after acquiring an additional 31,550 shares during the period. Nwam LLC owned about 0.09% of Maiden worth $218,000 at the end of the most recent quarter.
A number of other large investors also recently bought and sold shares of MHLD. Global X Management Co LLC acquired a new stake in shares of Maiden in the second quarter valued at about $7,783,000. PVG Asset Management Corp acquired a new stake in shares of Maiden in the second quarter valued at about $616,000. MetLife Investment Advisors LLC raised its position in shares of Maiden by 95.8% in the second quarter. MetLife Investment Advisors LLC now owns 32,906 shares of the insurance provider’s stock valued at $255,000 after buying an additional 16,103 shares during the last quarter. Bank of America Corp DE raised its position in shares of Maiden by 58.3% in the second quarter. Bank of America Corp DE now owns 53,238 shares of the insurance provider’s stock valued at $413,000 after buying an additional 19,606 shares during the last quarter. Finally, Canal Insurance CO acquired a new stake in shares of Maiden in the second quarter valued at about $1,456,000. Institutional investors own 62.05% of the company’s stock.
A number of equities research analysts have recently commented on the stock. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Maiden in a research report on Tuesday. They noted that the move was a valuation call. TheStreet cut shares of Maiden from a “c-” rating to a “d+” rating in a research report on Friday, August 17th. BidaskClub cut shares of Maiden from a “buy” rating to a “hold” rating in a research report on Friday, July 13th. ValuEngine upgraded shares of Maiden from a “sell” rating to a “hold” rating in a research report on Thursday, August 2nd. Finally, B. Riley reduced their target price on shares of Maiden from $8.00 to $4.00 and set a “neutral” rating for the company in a research report on Thursday, September 6th. One research analyst has rated the stock with a sell rating and five have assigned a hold rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $6.33.
Maiden (NASDAQ:MHLD) last issued its earnings results on Thursday, August 9th. The insurance provider reported ($0.13) EPS for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.39). The business had revenue of $713.69 million during the quarter. Maiden had a negative net margin of 5.43% and a negative return on equity of 21.35%. As a group, equities research analysts predict that Maiden Holdings, Ltd. will post 1.1 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 15th. Investors of record on Monday, October 1st will be given a dividend of $0.05 per share. This represents a $0.20 annualized dividend and a yield of 6.17%. The ex-dividend date of this dividend is Friday, September 28th. Maiden’s payout ratio is currently -9.26%.
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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