StockNews.com Upgrades Maiden (NASDAQ:MHLD) to Hold

Maiden (NASDAQ:MHLD) was upgraded by stock analysts at StockNews.com from a “sell” rating to a “hold” rating in a research note issued on Wednesday.

Maiden Stock Down 16.0 %

Shares of MHLD opened at $1.42 on Wednesday. The business’s 50 day moving average is $1.55 and its 200 day moving average is $1.72. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.22. Maiden has a 12-month low of $1.19 and a 12-month high of $2.31. The company has a market capitalization of $141.04 million, a PE ratio of -2.18 and a beta of 1.22.

Maiden (NASDAQ:MHLD) last released its quarterly earnings data on Tuesday, November 12th. The insurance provider reported ($0.16) earnings per share (EPS) for the quarter. Maiden had a negative net margin of 71.58% and a negative return on equity of 16.55%. The company had revenue of $18.28 million for the quarter.

Hedge Funds Weigh In On Maiden

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in MHLD. State Street Corp increased its stake in Maiden by 0.5% in the 3rd quarter. State Street Corp now owns 1,201,024 shares of the insurance provider’s stock worth $2,126,000 after acquiring an additional 6,341 shares during the last quarter. SG Americas Securities LLC grew its holdings in shares of Maiden by 98.4% in the third quarter. SG Americas Securities LLC now owns 29,079 shares of the insurance provider’s stock valued at $51,000 after purchasing an additional 14,422 shares in the last quarter. Charles Schwab Investment Management Inc. increased its position in Maiden by 8.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 260,103 shares of the insurance provider’s stock worth $460,000 after purchasing an additional 19,664 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Maiden during the third quarter valued at $66,000. Finally, Bank of New York Mellon Corp lifted its position in Maiden by 20.1% during the second quarter. Bank of New York Mellon Corp now owns 285,665 shares of the insurance provider’s stock valued at $588,000 after purchasing an additional 47,710 shares during the last quarter. 21.78% of the stock is owned by institutional investors.

About Maiden

Maiden Holdings, Ltd., through its subsidiaries, provides property and casualty insurance and reinsurance solutions to regional and specialty insurers in Europe, North America, and internationally. It operates in two segments, Diversified Reinsurance and AmTrust Reinsurance. The company writes treaties on a quota share basis and excess of loss basis.