BGB Maintains Buy on Maiden Holdings

BGB is out with its report today on Maiden Holdings (NASDAQ: MHLD), maintaining Buy after completing a sr. note offering.

In a note to clients, BGB writes, "We believe MHLD already trades at too steep a discount to peers based on its higher than average ROAE and dividend yield. We believe the current transaction will continue to generate confidence in managements business acumen."

Shares of MHLD closed Friday at $9.27.