Maiden (NASDAQ:MHLD) Raised to “Hold” at StockNews.com

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

Maiden Trading Down 16.0 %

Shares of NASDAQ:MHLD opened at $1.42 on Wednesday. The stock’s 50-day simple moving average is $1.55 and its two-hundred day simple moving average is $1.72. The stock has a market capitalization of $141.04 million, a price-to-earnings ratio of -2.18 and a beta of 1.22. Maiden has a 52-week low of $1.19 and a 52-week high of $2.31. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.86 and a current ratio of 0.86.

Maiden (NASDAQ:MHLD) last posted 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 return on equity of 16.55% and a negative net margin of 71.58%. The business had revenue of $18.28 million during the quarter.

Institutional Trading of Maiden

Several hedge funds have recently bought and sold shares of the stock. State Street Corp raised its stake in shares of Maiden by 0.5% in the third quarter. State Street Corp now owns 1,201,024 shares of the insurance provider’s stock worth $2,126,000 after buying an additional 6,341 shares during the period. Bank of New York Mellon Corp increased its holdings in Maiden by 20.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 285,665 shares of the insurance provider’s stock worth $588,000 after acquiring an additional 47,710 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Maiden by 8.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 260,103 shares of the insurance provider’s stock worth $460,000 after acquiring an additional 19,664 shares during the period. Sanctuary Advisors LLC purchased a new position in Maiden during the second quarter valued at approximately $369,000. Finally, JPMorgan Chase & Co. boosted its position in shares of Maiden by 244.6% in the third quarter. JPMorgan Chase & Co. now owns 135,152 shares of the insurance provider’s stock worth $239,000 after purchasing an additional 95,927 shares during the period. 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.