Maiden Holdings (MHLD) Shares Sold by Alliancebernstein L.P.

Alliancebernstein L.P. lowered its stake in shares of Maiden Holdings (NASDAQ:MHLD) by 8.1% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 88,495 shares of the insurance provider’s stock after selling 7,757 shares during the quarter. Alliancebernstein L.P.’s holdings in Maiden were worth $584,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of MHLD. Boston Partners grew its holdings in Maiden by 36.5% during the 4th quarter. Boston Partners now owns 6,658,265 shares of the insurance provider’s stock worth $43,945,000 after acquiring an additional 1,780,778 shares during the last quarter. Wells Fargo & Company MN boosted its stake in shares of Maiden by 14.1% in the 3rd quarter. Wells Fargo & Company MN now owns 1,577,213 shares of the insurance provider’s stock valued at $12,539,000 after purchasing an additional 194,708 shares during the last quarter. Kennedy Capital Management Inc. boosted its stake in shares of Maiden by 16.9% in the 4th quarter. Kennedy Capital Management Inc. now owns 1,278,356 shares of the insurance provider’s stock valued at $8,437,000 after purchasing an additional 184,776 shares during the last quarter. Arizona State Retirement System boosted its stake in shares of Maiden by 216.0% in the 4th quarter. Arizona State Retirement System now owns 116,621 shares of the insurance provider’s stock valued at $770,000 after purchasing an additional 79,721 shares during the last quarter. Finally, PARK CIRCLE Co bought a new position in shares of Maiden in the 4th quarter valued at about $482,000. 66.06% of the stock is currently owned by hedge funds and other institutional investors.

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MHLD has been the topic of several recent research reports. BidaskClub raised shares of Maiden from a “sell” rating to a “hold” rating in a research note on Tuesday, March 20th. Zacks Investment Research lowered shares of Maiden from a “hold” rating to a “strong sell” rating in a research note on Tuesday, January 9th. Finally, ValuEngine lowered shares of Maiden from a “sell” rating to a “strong sell” rating in a research note on Friday, February 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and one has issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $10.40.

Shares of NASDAQ MHLD opened at $7.05 on Tuesday. The stock has a market capitalization of $577.88, a PE ratio of -3.26 and a beta of 1.10. The company has a debt-to-equity ratio of 0.33, a quick ratio of 0.13 and a current ratio of 0.13. Maiden Holdings has a 1 year low of $5.55 and a 1 year high of $12.95.

Maiden (NASDAQ:MHLD) last issued its earnings results on Wednesday, February 28th. The insurance provider reported ($1.65) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($1.84). Maiden had a negative net margin of 5.82% and a negative return on equity of 16.99%. The business had revenue of $703.14 million during the quarter, compared to the consensus estimate of $720.40 million. analysts expect that Maiden Holdings will post 1.1 EPS for the current year.

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 16th. Investors of record on Monday, April 2nd were paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a yield of 8.51%. The ex-dividend date was Thursday, March 29th. Maiden’s payout ratio is -27.78%.

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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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Institutional Ownership by Quarter for Maiden (NASDAQ:MHLD)

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