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.
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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