Rating Report: FBR Capital Gives Maiden Holdings (NASDAQ:MHLD) Lower Rating. Lost Its “Outperform” Rating

November 28, 2016 - By Louis Casey

Rating Report: FBR Capital Gives Maiden Holdings (NASDAQ:MHLD) Lower Rating. Lost Its

Maiden Holdings (NASDAQ:MHLD) Downgrade

Research professionals at FBR Capital’s equities research division decreased Maiden Holdings (NASDAQ:MHLD)‘s stock rating from “Outperform” to “Market Perform” on Monday morning.

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 13.78% above today’s ($15.82) stock price. Maiden Holdings has been the topic of 4 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The firm earned “Sell” rating on Tuesday, August 25 by Zacks. The rating was downgraded by Zacks to “Sell” on Wednesday, September 2. The stock has “Buy” rating given by Compass Point on Wednesday, February 24.

About 312,606 shares traded hands. 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 earnings per share, up 17.65% or $0.06 from last year’s $0.34 per share. MHLD’s profit will be $34.64 million for 9.89 P/E if the $0.40 EPS becomes a reality. After $0.39 actual earnings per share 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 Q2 2016. Its up 0.94, from 1.06 in 2016Q1. The ratio is positive, 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.

American Gp Incorporated Inc reported 34,038 shares or 0% of all its holdings. Putnam Investments Limited Liability Corporation has 0.01% invested in the company for 356,610 shares. The New York-based Citigroup has invested 0% in Maiden Holdings, Ltd. (NASDAQ:MHLD). Vanguard has 0% invested in the company for 5.07 million shares. Jefferies Group Inc Llc holds 0% of its portfolio in Maiden Holdings, Ltd. (NASDAQ:MHLD) for 6,797 shares. Brandywine Investment Management Ltd Co reported 241,538 shares or 0.02% of all its holdings. Manufacturers Life Insurance The holds 40,552 shares or 0% of its portfolio. Creative Planning has invested 0% of its portfolio in Maiden Holdings, Ltd. (NASDAQ:MHLD). Teachers Advisors, a New York-based fund reported 97,895 shares. Tru Department Mb National Bank & Trust N A reported 500 shares or 0% of all its holdings. State Board Of Administration Of Florida Retirement has 60,278 shares for 0% of their US portfolio. Seizert Capital Prtn Limited Liability last reported 0.12% of its portfolio in the stock. Ubs Asset Management Americas accumulated 30,497 shares or 0% of the stock. Citadel Limited has invested 0% of its portfolio in Maiden Holdings, Ltd. (NASDAQ:MHLD). Millennium Mgmt Ltd Liability Corp accumulated 171,613 shares or 0% of the stock.

Insider Transactions: Since November 7, 2016, the stock had 0 buys, and 4 sales for $1.47 million net activity. The insider Highet Thomas sold $32,536. $166,500 worth of Maiden Holdings, Ltd. (NASDAQ:MHLD) was sold by Haveron Patrick J. Shares for $956,200 were sold by RASCHBAUM ARTURO MANUEL on Monday, November 7. 20,000 shares were sold by SCHMITT KAREN, worth $319,700.

Maiden Holdings, Ltd. is a holding company. The company has a market cap of $1.37 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 11.87 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 notable recent Maiden Holdings, Ltd. (NASDAQ:MHLD) news were published by: Marketwatch.com which released: “Maiden Holdings downgraded to market perform from outperform at FBR & Co.” on December 21, 2009, also Businesswire.com with their article: “A.M. Best Upgrades Ratings of Maiden Holdings, Ltd. and Its Subsidiaries” published on September 01, 2016, Globenewswire.com published: “CORRECTING and REPLACING — Maiden Holdings, Ltd. Announces Full Redemption of …” on May 13, 2016. More interesting news about Maiden Holdings, Ltd. (NASDAQ:MHLD) were released by: Globenewswire.com and their article: “Maiden Holdings, Ltd. Announces Pricing of $110 Million Offering of 6.625 …” published on June 07, 2016 as well as Globenewswire.com‘s news article titled: “Maiden Holdings, Ltd. to Release Second Quarter 2016 Earnings on August 4 …” with publication date: July 20, 2016.

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