On Friday, Maiden Holdings, Ltd. (NASDAQ: MHLD) shares price traded between $0.5625 and $0.6125 during the last trading session downbeat with -3.42% at $0.5650. The shares recorded a trading volume 264,914 shares as compared to its average volume of 549,729 shares. The company has 85.13M shares outstanding and market value of 46.918M. Over the one year trading period, the stock has a peak price of $8.90 and its down is recorded at $0.48. The short ratio in the MHLD stock is 5.15 and the short float is around of 5.08%.
Maiden Holdings, Ltd. (NASDAQ: MHLD) recently stated a first quarter 2019 net loss attributable to Maiden ordinary shareholders of $36.6M or $0.44 per diluted ordinary share, contrast to a net income attributable to Maiden ordinary shareholders of $13.7M or $0.16 per diluted ordinary share in the first quarter of 2018. Operating income of $5.8M, or $0.07 per diluted ordinary share in the first quarter of 2018.The non-GAAP operating loss was $26.9M, or $0.32 per diluted ordinary share contrast with a non-GAAP
In the first quarter of 2019, gross premiums written were $(561.1M), contrast to $623.3M in the previous year quarter. Net premiums earned were $183.1M in first quarter 2019, contrast to $516.8M in first quarter 2018.
First quarter 2019 net loss and loss adjustment expenses reduced to $152.7M from $353.2M in the first quarter of 2018.
Commission and other acquisition expenses reduced to $69.6M in first quarter 2019, from $166.6M in the first quarter of 2018.
General and administrative expenses for the first quarter of 2019 totaled $15.9M, contrast to $15.7M in the first quarter of 2018. Non-recurring expenses were $3.0M during the first quarter of 2019, primarily related to salaries and related benefits for headcount reductions occurring in 2019.
First quarter 2019 net investment income reduced modestly to $32.0M from $32.9M in the first quarter of 2018 largely Because of the decline in average yield to 3.1% from 3.2% in the same period in 2018.