The stock of Maiden Holdings, Ltd. (NASDAQ:MHLD) hit a new 52-week high and has $27.80 target or 68.00% above today’s $16.55 share price. The 8 months bullish chart indicates low risk for the $1.43 billion company. The 1-year high was reported on Nov, 17 by Barchart.com. If the $27.80 price target is reached, the company will be worth $972.40M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. The stock increased 1.53% or $0.25 during the last trading session, hitting $16.55. About 485,299 shares traded hands or 16.36% up from the average. Maiden Holdings, Ltd. (NASDAQ:MHLD) has risen 28.45% since April 15, 2016 and is uptrending. It has outperformed by 23.82% the S&P500.
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. Maiden Holdings has been the topic of 4 analyst reports since August 6, 2015 according to StockzIntelligence Inc. The stock of Maiden Holdings, Ltd. (NASDAQ:MHLD) earned “Buy” rating by Compass Point on Wednesday, February 24. As per Tuesday, August 25, the company rating was upgraded by Zacks. The firm has “Sell” rating by Zacks given on Wednesday, September 2.
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.”
Insitutional Activity: The institutional sentiment decreased to 1.06 in 2016 Q2. Its down 0.16, from 1.22 in 2016Q1. The ratio worsened, 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.
Us Bank De has 0% invested in the company for 11,933 shares. Allianz Asset Mgmt Ag last reported 0% of its portfolio in the stock. Department Mb Retail Bank N A holds 0% or 500 shares in its portfolio. Seizert Capital Prtn Ltd Liability Co holds 0.12% of its portfolio in Maiden Holdings, Ltd. (NASDAQ:MHLD) for 249,015 shares. Moreover, Denali Ltd Liability Corp has 0% invested in Maiden Holdings, Ltd. (NASDAQ:MHLD) for 52 shares. Salzhauer Michael owns 13,490 shares or 0.13% of their US portfolio. Millennium Mngmt Limited Liability Company holds 0% or 171,613 shares in its portfolio. Bankshares Of Mellon Corp has invested 0% of its portfolio in Maiden Holdings, Ltd. (NASDAQ:MHLD). Matarin Management Limited Liability Corp last reported 317,021 shares in the company. Herndon Capital Management Limited Liability Com owns 485 shares or 0% of their US portfolio. Wealthtrust Axiom Ltd Limited Liability Company owns 25,000 shares or 0.12% of their US portfolio. Voya Mngmt Limited Company reported 26,600 shares or 0% of all its holdings. The Georgia-based Cornercap Invest Counsel has invested 0.32% in Maiden Holdings, Ltd. (NASDAQ:MHLD). Royal Bankshares Of Canada owns 100 shares or 0% of their US portfolio. Btc Cap Mgmt holds 0.13% of its portfolio in Maiden Holdings, Ltd. (NASDAQ:MHLD) for 47,693 shares.
Insider Transactions: Since November 7, 2016, the stock had 0 insider purchases, and 2 selling transactions for $1.28 million net activity. The insider SCHMITT KAREN sold 20,000 shares worth $319,700. RASCHBAUM ARTURO MANUEL had sold 70,000 shares worth $956,200.
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: Businesswire.com and their article: “A.M. Best Assigns Ratings to Maiden Holdings, Ltd. Senior Notes and Shelf …” with publication date: June 09, 2016.
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.
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