Maiden Holdings, Ltd. (NASDAQ:MHLD) Shares Purchased by State Street Corp

State Street Corp raised its position in Maiden Holdings, Ltd. (NASDAQ:MHLD) by 0.5% during the 3rd quarter, Holdings Channel.com reports. The firm owned 1,201,024 shares of the insurance provider’s stock after acquiring an additional 6,341 shares during the quarter. State Street Corp’s holdings in Maiden were worth $2,126,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. SG Americas Securities LLC increased its position in Maiden by 98.4% in the 3rd quarter. SG Americas Securities LLC now owns 29,079 shares of the insurance provider’s stock valued at $51,000 after acquiring an additional 14,422 shares during the period. The Manufacturers Life Insurance Company acquired a new position in Maiden during the 3rd quarter worth $66,000. Sanctuary Advisors LLC bought a new position in shares of Maiden in the second quarter worth $369,000. Charles Schwab Investment Management Inc. increased its holdings in shares of Maiden by 8.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 260,103 shares of the insurance provider’s stock valued at $460,000 after purchasing an additional 19,664 shares during the period. Finally, Bank of New York Mellon Corp raised its stake in shares of 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 in the last quarter. Institutional investors own 21.78% of the company’s stock.

Maiden Stock Performance

MHLD opened at $1.69 on Thursday. The business has a 50 day moving average price of $1.56 and a two-hundred day moving average price of $1.73. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market capitalization of $167.85 million, a price-to-earnings ratio of -2.60 and a beta of 1.22. Maiden Holdings, Ltd. has a 1-year low of $1.19 and a 1-year high of $2.36.

Maiden (NASDAQ:MHLD) last announced its quarterly earnings data 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 firm had revenue of $18.28 million during the quarter.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Maiden from a “sell” rating to a “hold” rating in a research note on Wednesday.

Maiden Company Profile

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.