Company shares last traded at $8.40 which is a tad above the 50 day moving average of $7.93 and which is well below the 200 day moving average of $9.96. The 50 day moving average went up by +5.97% whereas the 200 day moving average was down $-1.56 or -15.67%. Trading volume for Maiden Holdings, Ltd. was 11K by the end of trading on Tuesday. Volume was down 98.04% under the stocks average daily volume.
Traders are feeling more bearish on Maiden Holdings, Ltd. lately if you take note of the rise in short interest. The firm saw a rise in short interest of 5.99% between September 15, 2017 and September 29, 2017. Short interest grew 252,669 over that timeframe. The days to cover increased to 7.0 and the percentage of shorted shares was 0.05% on September 29.
A few notable investment firms have updated their holdings. Cutler Group LP grew its position by buying 5,662 shares an increase of 1,132.4% as of 09/30/2017. Cutler Group LP claims 6,162 shares with a value of $48,000. The value of the position overall is up by inf%. Creative Planning reduced its stake by shedding 500 shares a decrease of 4.7% from 06/30/2017 to 09/30/2017. Creative Planning owns 10,197 shares valued at $81,000. The total value of its holdings decreased 31.9%.
As of quarter end Louisiana State Employees Retirement System had disposed of 1,200 shares trimming its holdings by 4.0%. The value of the total investment in Maiden Holdings, Ltd. decreased from $333,000 to $229,000 a change of $104,000 for the reporting period. Wealthtrust-arizona, LLC expanded its holdings by buying 100 shares an increase of 166.7% in the quarter. Wealthtrust-arizona, LLC now controls 160 shares worth $1,000. The total value of its holdings decreased 0.0%.
On August 10 the company was changed to “Market Perform” according to a Keefe Bruyette & Woods report which was a cut from the previous “Outperform” rating.
The company is down from yesterday’s close of 8.7. Maiden Holdings, Ltd. announced a dividend for shareholders that was paid on Monday the 16th of October 2017. The dividend payment was $0.150 per share for the quarter which is $0.60 annualized. This dividend amount was represent a yield of $6.90. The ex-dividend date was Friday the 29th of September 2017.
As of the last earnings report the EPS was $-0.61 and is estimated to be $0.52 for the current year with 86,620,000 shares outstanding. Analysts expect next quarter’s EPS to be $0.31 with next year’s EPS anticipated to be $1.41.
Maiden Holdings, Ltd. (Maiden), launched on June 19, 2007, 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. Maiden operates through two segments: Diversified Reinsurance and AmTrust Reinsurance. It specializes in reinsurance solutions that optimize financing 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..