Maiden Holdings, Ltd. (MHLD) Receives $4.50 Average PT from Analysts

Shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) have been given a consensus rating of “Hold” by the six research firms that are covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, three have issued a hold recommendation and one has issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $4.50.

Separately, B. Riley lowered their price objective on shares of Maiden from $2.50 to $1.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 5th.

In other news, Director Yehuda Neuberger purchased 111,917 shares of the firm’s stock in a transaction on Friday, March 29th. The shares were bought at an average cost of $0.81 per share, with a total value of $90,652.77. Following the purchase, the director now directly owns 71,100 shares of the company’s stock, valued at $57,591. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders have acquired a total of 163,633 shares of company stock worth $130,691 over the last ninety days. 10.50% of the stock is owned by corporate insiders.

Several institutional investors have recently added to or reduced their stakes in MHLD. Alliancebernstein L.P. boosted its stake in shares of Maiden by 25.4% during the 3rd quarter. Alliancebernstein L.P. now owns 108,095 shares of the insurance provider’s stock worth $308,000 after purchasing an additional 21,900 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Maiden by 2.2% during the 3rd quarter. Bank of New York Mellon Corp now owns 775,520 shares of the insurance provider’s stock worth $2,210,000 after purchasing an additional 16,330 shares during the last quarter. BlackRock Inc. boosted its stake in shares of Maiden by 10.4% during the 3rd quarter. BlackRock Inc. now owns 8,537,607 shares of the insurance provider’s stock worth $24,332,000 after purchasing an additional 807,507 shares during the last quarter. GSA Capital Partners LLP boosted its stake in shares of Maiden by 140.7% during the 3rd quarter. GSA Capital Partners LLP now owns 73,090 shares of the insurance provider’s stock worth $208,000 after purchasing an additional 42,725 shares during the last quarter. Finally, Capital Returns Management LLC acquired a new stake in shares of Maiden during the 3rd quarter worth about $1,465,000. 52.47% of the stock is currently owned by institutional investors.

Shares of NASDAQ MHLD opened at $0.74 on Friday. Maiden has a 52 week low of $0.61 and a 52 week high of $9.10. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 2.83.

Maiden (NASDAQ:MHLD) last issued its quarterly earnings data on Friday, March 15th. The insurance provider reported ($2.56) EPS for the quarter, missing the Zacks’ consensus estimate of ($0.02) by ($2.54). The business had revenue of $521.71 million during the quarter. Maiden had a negative net margin of 21.64% and a negative return on equity of 97.94%.

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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