Wellington Shields Capital Management LLC Has $286,000 Stake in Maiden Holdings, Ltd. (MHLD)

Wellington Shields Capital Management LLC lessened its holdings in Maiden Holdings, Ltd. (NASDAQ:MHLD) by 69.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 36,000 shares of the insurance provider’s stock after selling 83,490 shares during the quarter. Wellington Shields Capital Management LLC’s holdings in Maiden Holdings were worth $286,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also made changes to their positions in the company. SG Americas Securities LLC bought a new position in Maiden Holdings in the 2nd quarter valued at $115,000. Dynamic Technology Lab Private Ltd purchased a new stake in shares of Maiden Holdings during the 2nd quarter worth $115,000. Koch Industries Inc. purchased a new stake in shares of Maiden Holdings during the 2nd quarter worth $126,000. Quantum Capital Management lifted its stake in shares of Maiden Holdings by 1.8% during the 2nd quarter. Quantum Capital Management now owns 11,890 shares of the insurance provider’s stock worth $132,000 after purchasing an additional 209 shares during the last quarter. Finally, JFS Wealth Advisors LLC lifted its stake in shares of Maiden Holdings by 8.1% during the 2nd quarter. JFS Wealth Advisors LLC now owns 13,481 shares of the insurance provider’s stock worth $150,000 after purchasing an additional 1,011 shares during the last quarter. 68.51% of the stock is currently owned by institutional investors.

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MHLD has been the subject of a number of analyst reports. BidaskClub cut Maiden Holdings from a “sell” rating to a “strong sell” rating in a research note on Monday, July 31st. Keefe, Bruyette & Woods cut Maiden Holdings from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $17.00 to $10.00 in a research note on Thursday, August 10th. JMP Securities reiterated a “mkt outperform” rating and issued a $9.00 price target on shares of Maiden Holdings in a research note on Thursday, August 10th. Zacks Investment Research upgraded Maiden Holdings from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 12th. Finally, FBR & Co reiterated a “hold” rating and issued a $11.00 price target on shares of Maiden Holdings in a research note on Monday, September 25th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the stock. The company currently has an average rating of “Hold” and a consensus target price of $11.00.

Shares of Maiden Holdings, Ltd. (MHLD) remained flat at $$6.17 during mid-day trading on Wednesday. 1,050,600 shares of the stock traded hands, compared to its average volume of 631,590. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.27. Maiden Holdings, Ltd. has a 1 year low of $6.15 and a 1 year high of $18.95.

Maiden Holdings (NASDAQ:MHLD) last announced its quarterly earnings data on Wednesday, November 8th. The insurance provider reported ($0.66) earnings per share 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 analyst estimates of $708.04 million. Maiden Holdings had a negative net margin of 3.95% and a negative return on equity of 9.10%. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the prior year, the company posted $0.39 earnings per share. sell-side analysts anticipate that Maiden Holdings, Ltd. will post -0.35 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 16th. Stockholders of record on Tuesday, January 2nd will be issued a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a dividend yield of 9.72%. The ex-dividend date of this dividend is Friday, December 29th. Maiden Holdings’s dividend payout ratio is presently -36.59%.

In other news, Director Raymond Michael Neff acquired 46,500 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were acquired at an average cost of $6.40 per share, with a total value of $297,600.00. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 10.00% of the stock is currently owned by corporate insiders.

Maiden Holdings 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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Institutional Ownership by Quarter for Maiden Holdings (NASDAQ:MHLD)

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