Maiden (NASDAQ:MHLD) Trading Down 2.6% – Time to Sell?

Maiden Holdings, Ltd. (NASDAQ:MHLD)’s stock price fell 2.6% on Wednesday . The company traded as low as $1.50 and last traded at $1.51. 131,851 shares changed hands during mid-day trading, a decline of 1% from the average session volume of 132,566 shares. The stock had previously closed at $1.55.

Analyst Ratings Changes

Separately, StockNews.com downgraded shares of Maiden from a “hold” rating to a “sell” rating in a report on Monday, August 12th.

Maiden Stock Down 6.0 %

The company has a market cap of $140.04 million, a PE ratio of -2.31 and a beta of 1.22. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.22. The company’s fifty day moving average is $1.68 and its 200-day moving average is $1.82.

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

Institutional Investors Weigh In On Maiden

Several hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC grew its position in Maiden by 98.4% during the third quarter. SG Americas Securities LLC now owns 29,079 shares of the insurance provider’s stock valued at $51,000 after buying an additional 14,422 shares during the period. RPOA Advisors Inc. bought a new position in Maiden in the second quarter worth approximately $63,000. The Manufacturers Life Insurance Company purchased a new position in shares of Maiden during the 3rd quarter worth $66,000. Y Intercept Hong Kong Ltd bought a new stake in shares of Maiden during the 3rd quarter valued at $114,000. Finally, Price T Rowe Associates Inc. MD increased its stake in shares of Maiden by 11.1% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 66,450 shares of the insurance provider’s stock worth $150,000 after purchasing an additional 6,645 shares in the last quarter. Hedge funds and other institutional investors own 21.78% of the company’s stock.

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.