Maiden (NASDAQ:MHLD) Rating Increased to Hold at StockNews.com

StockNews.com upgraded shares of Maiden (NASDAQ:MHLD) from a sell rating to a hold rating in a research report report published on Monday.

Maiden Stock Up 2.2 %

NASDAQ:MHLD opened at $1.39 on Monday. The firm has a market capitalization of $138.06 million, a PE ratio of -2.14 and a beta of 1.22. Maiden has a 52 week low of $1.19 and a 52 week high of $2.55. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.22. The stock has a 50 day moving average of $1.64 and a 200-day moving average of $1.79.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. SG Americas Securities LLC increased its stake 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 during the period. The Manufacturers Life Insurance Company bought a new position in Maiden in the 3rd quarter worth approximately $66,000. Y Intercept Hong Kong Ltd acquired a new stake in Maiden in the 3rd quarter valued at approximately $114,000. Barclays PLC raised its stake in Maiden by 268.8% during the 3rd quarter. Barclays PLC now owns 115,740 shares of the insurance provider’s stock valued at $205,000 after acquiring an additional 84,359 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new position in Maiden during the 2nd quarter worth $369,000. 21.78% of the stock is owned by institutional investors and hedge funds.

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.