Rating On Watch: Is Maiden Holdings (NASDAQ:MHLD) a Sell? How Analyst Rate it? Why FBR & Co. Downgraded The Stock

November 28, 2016 - By Winifred Garcia

Rating On Watch: Is Maiden Holdings (NASDAQ:MHLD) a Sell? How Analyst Rate it? Why FBR & Co. Downgraded The Stock

Maiden Holdings (NASDAQ:MHLD) Downgrade

In a an analyst note issued on Monday, 28 November, stock analysts at FBR & Co.’s equity division lowered Maiden Holdings (NASDAQ:MHLD)‘s stock rating from aOutperform to Mkt Perform.

Maiden Holdings, Ltd. (NASDAQ:MHLD) Ratings Coverage

Out of 2 analysts covering Maiden Holdings (NASDAQ:MHLD), 1 rate it a “Buy”, 1 “Sell”, while 0 “Hold”. This means 50% are positive. $19 is the highest target while $18 is the lowest. The $18 average target is 9.76% above today’s ($16.4) stock price. Maiden Holdings has been the topic of 4 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The rating was downgraded by Zacks on Wednesday, September 2 to “Sell”. Compass Point maintained it with “Buy” rating and $18 target price in Wednesday, February 24 report. Zacks upgraded the stock to “Sell” rating in Tuesday, August 25 report.

The stock increased 0.61% or $0.1 on November 25, hitting $16.4. Maiden Holdings, Ltd. (NASDAQ:MHLD) has risen 32.58% since April 25, 2016 and is uptrending. It has outperformed by 26.56% the S&P500.

Analysts await Maiden Holdings, Ltd. (NASDAQ:MHLD) to report earnings on February, 27. They expect $0.40 EPS, up 17.65% or $0.06 from last year’s $0.34 per share. MHLD’s profit will be $34.63 million for 10.25 P/E if the $0.40 EPS becomes a reality. After $0.39 actual EPS reported by Maiden Holdings, Ltd. for the previous quarter, Wall Street now forecasts 2.56% EPS growth.

Insitutional Activity: The institutional sentiment increased to 2 in 2016 Q2. Its up 0.94, from 1.06 in 2016Q1. The ratio increased, as 16 funds sold all Maiden Holdings, Ltd. shares owned while 48 reduced positions. 14 funds bought stakes while 54 increased positions. They now own 50.04 million shares or 1.93% less from 51.02 million shares in 2016Q1.

Wealthtrust owns 160 shares or 0% of their US portfolio. Moreover, State Board Of Administration Of Florida Retirement System has 0% invested in Maiden Holdings, Ltd. (NASDAQ:MHLD) for 60,278 shares. Renaissance Technologies Ltd Liability has invested 0.01% of its portfolio in Maiden Holdings, Ltd. (NASDAQ:MHLD). Parametric Port Associates Limited Liability Corporation accumulated 420,170 shares or 0.01% of the stock. Blackrock Institutional Comm Na reported 1.58M shares or 0% of all its holdings. Salzhauer Michael has 0.13% invested in the company for 13,490 shares. The New York-based Qs Invsts Ltd Llc has invested 0.03% in Maiden Holdings, Ltd. (NASDAQ:MHLD). Price T Rowe Assocs Md reported 27,733 shares or 0% of all its holdings. Principal Group Inc Inc reported 14,000 shares or 0% of all its holdings. Goldman Sachs Group Inc owns 3.85M shares or 0.02% of their US portfolio. Bancorp Of Ny Mellon Corporation accumulated 434,125 shares or 0% of the stock. Barclays Public Lc last reported 0% of its portfolio in the stock. Schroder Investment Mgmt has invested 0% of its portfolio in Maiden Holdings, Ltd. (NASDAQ:MHLD). Zurcher Kantonalbank (Zurich Cantonalbank) holds 1,422 shares or 0% of its portfolio. Clinton Grp Incorporated holds 0.02% of its portfolio in Maiden Holdings, Ltd. (NASDAQ:MHLD) for 40,349 shares.

Insider Transactions: Since November 7, 2016, the stock had 0 insider buys, and 4 insider sales for $1.47 million net activity. Shares for $956,200 were sold by RASCHBAUM ARTURO MANUEL. $32,536 worth of Maiden Holdings, Ltd. (NASDAQ:MHLD) was sold by Highet Thomas. $319,700 worth of Maiden Holdings, Ltd. (NASDAQ:MHLD) shares were sold by SCHMITT KAREN. Haveron Patrick J had sold 10,000 shares worth $166,500 on Friday, November 18.

Maiden Holdings, Ltd. is a holding company. The company has a market cap of $1.42 billion. The Firm is focused 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 has a 12.3 P/E ratio. Maiden operates through two divisions: Diversified Reinsurance and AmTrust Reinsurance.

According to Zacks Investment Research, “MAIDEN HOLDINGS is a Bermuda holding company which offers customized reinsurance products and services through Maiden Insurance Company, Ltd., its wholly owned Bermuda reinsurance subsidiary, to subsidiaries of AmTrust Financial Services, Inc. and small insurance companies and managing general agents in the United States and Europe.”

MHLD Company Profile

Maiden Holdings, Ltd. (Maiden), incorporated on June 19, 2007, is a holding company. The Firm is focused 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. Maiden operates through two divisions: Diversified Reinsurance and AmTrust Reinsurance. It specializes in reinsurance solutions that optimize financing and risk management by providing coverage within the predictable and actuarially credible lower layers of coverage and/or reinsuring risks that are believed to be lower hazard, more predictable and generally not susceptible to catastrophe claims.

More important recent Maiden Holdings, Ltd. (NASDAQ:MHLD) news were published by: Businesswire.com which released: “A.M. Best Upgrades Ratings of Maiden Holdings, Ltd. and Its Subsidiaries” on September 01, 2016, also Globenewswire.com published article titled: “CORRECTING and REPLACING — Maiden Holdings, Ltd. Announces Full Redemption of …”, Globenewswire.com published: “Maiden Holdings, Ltd. Announces Pricing of $110 Million Offering of 6.625 …” on June 07, 2016. More interesting news about Maiden Holdings, Ltd. (NASDAQ:MHLD) was released by: Globenewswire.com and their article: “Maiden Holdings, Ltd. to Release Second Quarter 2016 Earnings on August 4 …” with publication date: July 20, 2016.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Tags: , ,

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>