Y Intercept Hong Kong Ltd Buys New Stake in Maiden Holdings, Ltd. (NASDAQ:MHLD)

Y Intercept Hong Kong Ltd purchased a new position in shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) during the 3rd quarter, Holdings Channel.com reports. The firm purchased 64,310 shares of the insurance provider’s stock, valued at approximately $114,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of MHLD. SG Americas Securities LLC increased its position in shares of Maiden by 98.4% during the third quarter. SG Americas Securities LLC now owns 29,079 shares of the insurance provider’s stock worth $51,000 after purchasing an additional 14,422 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in Maiden during the 3rd quarter worth approximately $66,000. Sanctuary Advisors LLC purchased a new position in Maiden during the 2nd quarter worth approximately $369,000. Charles Schwab Investment Management Inc. increased its position in Maiden by 8.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 260,103 shares of the insurance provider’s stock worth $460,000 after buying an additional 19,664 shares during the period. Finally, Bank of New York Mellon Corp lifted its stake in Maiden by 20.1% in 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 buying an additional 47,710 shares during the last quarter. 21.78% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of Maiden from a “sell” rating to a “hold” rating in a report on Monday.

Maiden Trading Up 17.5 %

NASDAQ MHLD opened at $1.48 on Friday. The firm’s fifty day moving average is $1.62 and its two-hundred day moving average is $1.77. Maiden Holdings, Ltd. has a one year low of $1.19 and a one year high of $2.52. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.86 and a current ratio of 0.86. The firm has a market cap of $147.00 million, a PE ratio of -2.28 and a beta of 1.22.

Maiden (NASDAQ:MHLD) last announced its earnings results on Tuesday, November 12th. The insurance provider reported ($0.16) earnings per share 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 during the quarter.

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.