Keefe, Bruyette & Woods Reiterates Hold Rating for Maiden Holdings, Ltd. (MHLD)

Maiden Holdings, Ltd. (NASDAQ:MHLD)‘s stock had its “hold” rating reaffirmed by research analysts at Keefe, Bruyette & Woods in a report issued on Friday. They currently have a $10.00 target price on the insurance provider’s stock. Keefe, Bruyette & Woods’ price target indicates a potential upside of 17.65% from the stock’s current price.

Other equities research analysts also recently issued research reports about the company. FBR & Co lowered their price objective on Maiden Holdings from $13.00 to $12.00 and set a “mkt perform” rating on the stock in a research report on Tuesday, July 11th. BidaskClub downgraded Maiden Holdings from a “sell” rating to a “strong sell” rating in a research report on Monday, July 31st. JMP Securities reissued a “mkt outperform” rating and issued a $9.00 target price on shares of Maiden Holdings in a research note on Thursday, August 10th. Finally, Zacks Investment Research cut Maiden Holdings from a “hold” rating to a “strong sell” rating in a research note on Saturday, September 23rd. Two analysts have rated the stock with a sell rating, two have given a hold rating and one has assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $11.25.

Shares of Maiden Holdings (NASDAQ MHLD) traded up $0.20 during mid-day trading on Friday, hitting $8.50. The company had a trading volume of 365,799 shares, compared to its average volume of 527,329. The company has a debt-to-equity ratio of 0.25, a current ratio of 0.21 and a quick ratio of 0.21.

Maiden Holdings (NASDAQ:MHLD) last issued its quarterly earnings data on Tuesday, August 8th. The insurance provider reported ($0.14) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.29 by ($0.43). Maiden Holdings had a negative return on equity of 0.55% and a negative net margin of 0.61%. The business had revenue of $753.18 million during the quarter, compared to analysts’ expectations of $740.30 million. analysts expect that Maiden Holdings will post 0.45 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently added to or reduced their stakes in MHLD. BlackRock Inc. increased its stake in Maiden Holdings by 60,759.0% in the first quarter. BlackRock Inc. now owns 7,940,270 shares of the insurance provider’s stock valued at $111,162,000 after acquiring an additional 7,927,223 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Maiden Holdings by 419.2% in the second quarter. Principal Financial Group Inc. now owns 3,016,021 shares of the insurance provider’s stock worth $33,479,000 after buying an additional 2,435,153 shares during the period. Thrivent Financial For Lutherans lifted its holdings in Maiden Holdings by 1,714.1% in the second quarter. Thrivent Financial For Lutherans now owns 753,040 shares of the insurance provider’s stock worth $8,359,000 after buying an additional 711,530 shares during the period. Dimensional Fund Advisors LP lifted its holdings in Maiden Holdings by 7.5% in the second quarter. Dimensional Fund Advisors LP now owns 7,104,728 shares of the insurance provider’s stock worth $78,863,000 after buying an additional 493,436 shares during the period. Finally, Boston Partners lifted its holdings in Maiden Holdings by 6.6% in the third quarter. Boston Partners now owns 4,877,487 shares of the insurance provider’s stock worth $38,776,000 after buying an additional 302,529 shares during the period. 68.67% of the stock is currently owned by institutional investors and hedge funds.

Maiden Holdings Company Profile

Maiden Holdings, Ltd. (Maiden) is a holding company. The Company focuses on serving the needs of regional and specialty insurers in the United States, Europe and select other global markets by providing reinsurance solutions designed to support their capital needs. It operates through two segments: Diversified Reinsurance and AmTrust Reinsurance.

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