Maiden Holdings Ltd. (MHLD) is Downgraded by FBR & Co. to Mkt Perform

Maiden Holdings Ltd. (MHLD) was Downgraded by FBR & Co. to ” Mkt Perform”. Earlier the firm had a rating of “Outperform ” on the company shares. FBR & Co. advised their investors in a research report released on Nov 28, 2016.

Many Wall Street Analysts have commented on Maiden Holdings Ltd.. Maiden Holdings Ltd. was Downgraded by FBR & Co. to ” Mkt Perform” on Nov 28, 2016.

On the company’s financial health, Maiden Holdings Ltd. reported $0.39 EPS for the quarter, missing the analyst consensus estimate by $ -0.01 based on the information available during the earnings call on Nov 2, 2016. Analyst had a consensus of $0.40. The company had revenue of $628.28 million for the quarter, compared to analysts expectations of $629.60 million. The company’s revenue was down -4.6 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.34 EPS.

Maiden Holdings Ltd. opened for trading at $16.2 and hit $16.45 on the upside on Friday, eventually ending the session at $16.4, with a gain of 0.61% or 0.1 points. The heightened volatility saw the trading volume jump to 2,10,236 shares. Company has a market cap of $1,413 M.

Investors should note that on Nov 1, 2016, Maiden Holdings Ltd. announced a cash dividend of $0.1500. The company’s management has announced Dec 29, 2016 as the ex-dividend date and fixed the record date on Jan 3, 2017. The payable date has been fixed on Jan 17, 2017.

In a different news, on Nov 22, 2016, Patrick J Haveron (officer ) sold 10,000 shares at $16.65 per share price. According to the SEC, on Nov 17, 2016, Thomas Highet (officer ) sold 2,000 shares at $16.27 per share price. On Nov 15, 2016, Karen Schmitt (Chief Financial Officer) sold 20,000 shares at $15.98 per share price, according to the Form-4 filing with the securities and exchange commission.

Maiden Holdings Ltd. (Maiden) is a holding company 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 segments: Diversified Reinsurance and AmTrust Financial Services Inc. (AmTrust) Reinsurance. The Company’s Diversified Reinsurance segment consists of a portfolio of property and casualty reinsurance business focusing on regional and specialty property and casualty insurance companies. Its AmTrust Reinsurance segment includes all business ceded to Maiden Reinsurance Ltd. (Maiden Bermuda) from AmTrust primarily the AmTrust Quota Share and the European Hospital Liability Quota Share.

Maiden Holdings Ltd.

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