Maiden Target of Unusually Large Options Trading (MHLD)

Maiden Holdings, Ltd. (NASDAQ:MHLD) was the target of some unusual options trading on Thursday. Stock traders purchased 2,038 put options on the stock. This is an increase of approximately 3,475% compared to the typical volume of 57 put options.

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

Maiden (NASDAQ:MHLD) last posted 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 firm had revenue of $653.87 million during the quarter, compared to analysts’ expectations of $708.04 million. Maiden had a negative return on equity of 9.10% and a negative net margin of 3.95%. Maiden’s quarterly revenue was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.39 earnings per share. sell-side analysts predict that Maiden will post -0.35 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, January 16th. Investors of record on Tuesday, January 2nd will be given a $0.15 dividend. The ex-dividend date of this dividend 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 currently -36.81%.

In other Maiden news, Director Raymond Michael Neff acquired 46,500 shares of the stock in a transaction dated 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 10.00% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Maiden in the second quarter worth about $115,000. BNP Paribas Arbitrage SA lifted its position in shares of Maiden by 63.0% in the third quarter. BNP Paribas Arbitrage SA now owns 40,229 shares of the insurance provider’s stock worth $320,000 after buying an additional 15,548 shares in the last quarter. Crossmark Global Holdings Inc. purchased a new stake in shares of Maiden in the third quarter worth about $239,000. Shell Asset Management Co. lifted its position in shares of Maiden by 34.3% in the third quarter. Shell Asset Management Co. now owns 184,625 shares of the insurance provider’s stock worth $2,046,000 after buying an additional 47,196 shares in the last quarter. Finally, Principal Financial Group Inc. lifted its position in shares of Maiden by 12.7% in the third quarter. Principal Financial Group Inc. now owns 3,399,545 shares of the insurance provider’s stock worth $27,027,000 after buying an additional 383,524 shares in the last quarter. Institutional investors own 65.83% of the company’s stock.

Several brokerages have recently commented on MHLD. 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 issued a $10.00 price objective on shares of Maiden in a research report on Monday, November 6th. FBR & Co restated a “hold” rating and issued 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 issued a $7.00 price objective on shares of Maiden in a research report on Wednesday, December 6th. Two analysts have rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $10.40.

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Maiden 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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