Maiden Target of Unusually Large Options Trading (MHLD)

Maiden Holdings, Ltd. (NASDAQ:MHLD) was the target of some unusual options trading on Thursday. Stock investors purchased 2,038 put options on the company. This represents an increase of 3,475% compared to the average volume of 57 put options.

In related news, Director Raymond Michael Neff acquired 46,500 shares of the firm’s stock in a transaction on Monday, November 13th. The shares were acquired at an average cost of $6.40 per share, for a total transaction of $297,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 10.00% of the company’s stock.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Dynamic Technology Lab Private Ltd bought a new position in shares of Maiden during the second quarter valued at approximately $115,000. BNP Paribas Arbitrage SA grew its stake in shares of Maiden by 63.0% during the third quarter. BNP Paribas Arbitrage SA now owns 40,229 shares of the insurance provider’s stock valued at $320,000 after buying an additional 15,548 shares during the last quarter. Crossmark Global Holdings Inc. bought a new position in shares of Maiden during the third quarter valued at approximately $239,000. Shell Asset Management Co. grew its stake in shares of Maiden by 34.3% during the third quarter. Shell Asset Management Co. now owns 184,625 shares of the insurance provider’s stock valued at $2,046,000 after buying an additional 47,196 shares during the last quarter. Finally, Principal Financial Group Inc. grew its stake in shares of Maiden by 12.7% during the third quarter. Principal Financial Group Inc. now owns 3,399,545 shares of the insurance provider’s stock valued at $27,027,000 after buying an additional 383,524 shares during the last quarter. 65.83% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities research analysts have issued reports on the company. Zacks Investment Research downgraded Maiden from a “hold” rating to a “strong sell” rating in a research report on Tuesday, January 9th. BidaskClub downgraded Maiden from a “hold” rating to a “sell” rating in a research report on Thursday, December 21st. B. Riley restated a “neutral” rating and set a $10.00 price objective on shares of Maiden in a research report on Monday, November 6th. FBR & Co restated a “hold” rating and set a $11.00 price objective on shares of Maiden in a research report on Monday, September 25th. Finally, Keefe, Bruyette & Woods restated a “hold” rating and set a $7.00 price objective on shares of Maiden in a research report on Wednesday, December 6th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Maiden currently has a consensus rating of “Hold” and an average price target of $10.40.

Shares of Maiden (MHLD) opened at $7.70 on Friday. The stock has a market capitalization of $651.61, a P/E ratio of -4.72 and a beta of 1.17. Maiden has a 52-week low of $5.55 and a 52-week high of $18.95. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.18 and a current ratio of 0.18.

Maiden (NASDAQ:MHLD) last released its earnings results on Wednesday, November 8th. The insurance provider reported ($0.66) EPS for the quarter, missing analysts’ consensus estimates of $0.11 by ($0.77). The business had revenue of $653.87 million for the quarter, compared to the consensus estimate of $708.04 million. Maiden had a negative net margin of 3.95% and a negative return on equity of 9.10%. The company’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.39 EPS. equities research analysts predict that Maiden will post -0.35 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be paid a dividend of $0.15 per share. The ex-dividend date is Friday, December 29th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 7.79%. Maiden’s dividend payout ratio is -36.81%.

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About Maiden

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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