Today’s Rating Change: Maiden Holdings (NASDAQ:MHLD) Hit With Downgrade by FBR & Co., Is This a Concern?

November 28, 2016 - By Dolores Ford

Today's Rating Change: Maiden Holdings (NASDAQ:MHLD) Hit With Downgrade by FBR & Co., Is This a Concern?

Maiden Holdings (NASDAQ:MHLD) Downgrade

Maiden Holdings (NASDAQ:MHLD) was downgraded by FBR & Co. from a “Outperform” rating to a “Mkt Perform” rating in a a research report issued to clients and investors on Monday, 28 November.

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. Compass Point maintained Maiden Holdings, Ltd. (NASDAQ:MHLD) on Wednesday, February 24 with “Buy” rating. The firm has “Sell” rating by Zacks given on Tuesday, August 25. On Wednesday, September 2 the stock rating was downgraded by Zacks to “Sell”.

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 $34.63M 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 Q2 2016. 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.

Thompson Siegel & Walmsley Limited Liability Corp has 0.29% invested in the company for 1.49M shares. The Switzerland-based Credit Suisse Ag has invested 0% in Maiden Holdings, Ltd. (NASDAQ:MHLD). Schwab Charles Inv Management holds 729,722 shares or 0.01% of its portfolio. Landscape Capital Management Ltd Company has 36,600 shares for 0.06% of their US portfolio. Blackrock Inv Mngmt Ltd Liability, a New Jersey-based fund reported 240,552 shares. Meritage Port Mngmt, a Kansas-based fund reported 274,835 shares. Moreover, Department Mb Commercial Bank N A has 0% invested in Maiden Holdings, Ltd. (NASDAQ:MHLD) for 500 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has 1,422 shares for 0% of their US portfolio. The New York-based Rothschild Asset Mngmt Inc has invested 0.04% in Maiden Holdings, Ltd. (NASDAQ:MHLD). Invesco, a Georgia-based fund reported 274,115 shares. State Board Of Administration Of Florida Retirement Sys holds 60,278 shares or 0% of its portfolio. State Street last reported 0% of its portfolio in the stock. Grantham Mayo Van Otterloo Limited Liability Company reported 71,690 shares or 0% of all its holdings. Price T Rowe Md has 27,733 shares for 0% of their US portfolio. State Bank Of Montreal Can, a Ontario – Canada-based fund reported 281,363 shares.

Insider Transactions: Since November 7, 2016, the stock had 0 insider buys, and 4 selling transactions for $1.47 million net activity. $956,200 worth of shares were sold by RASCHBAUM ARTURO MANUEL on Monday, November 7. Another trade for 10,000 shares valued at $166,500 was sold by Haveron Patrick J. 20,000 shares were sold by SCHMITT KAREN, worth $319,700 on Friday, November 11. Shares for $32,536 were sold by Highet Thomas on Tuesday, November 15.

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.

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