StockNews.com Initiates Coverage on Maiden (NASDAQ:MHLD)

Equities research analysts at StockNews.com began coverage on shares of Maiden (NASDAQ:MHLD) in a research note issued on Saturday. The brokerage set a “sell” rating on the insurance provider’s stock.

Maiden Stock Performance

NASDAQ:MHLD opened at $0.61 on Friday. Maiden has a twelve month low of $0.61 and a twelve month high of $2.27. 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 firm’s fifty day simple moving average is $0.89 and its 200 day simple moving average is $1.32. The stock has a market cap of $60.69 million, a P/E ratio of -0.94 and a beta of 1.29.

Maiden (NASDAQ:MHLD) last released its earnings results on Monday, March 10th. The insurance provider reported ($1.53) EPS for the quarter. The firm had revenue of ($6.64) million during the quarter. Maiden had a negative net margin of 71.58% and a negative return on equity of 16.55%.

Institutional Trading of Maiden

Hedge funds and other institutional investors have recently modified their holdings of the business. Bank of America Corp DE lifted its position in Maiden by 26.7% during the 4th quarter. Bank of America Corp DE now owns 83,451 shares of the insurance provider’s stock valued at $141,000 after acquiring an additional 17,565 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Maiden by 340.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 22,009 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 17,014 shares during the last quarter. Barclays PLC boosted its position in shares of Maiden by 14.4% in the 4th quarter. Barclays PLC now owns 132,439 shares of the insurance provider’s stock worth $223,000 after purchasing an additional 16,699 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in shares of Maiden in the 4th quarter worth approximately $35,000. Finally, Wells Fargo & Company MN increased its position in Maiden by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 51,664 shares of the insurance provider’s stock valued at $87,000 after buying an additional 11,252 shares in the last quarter. 21.78% of the stock is owned by hedge funds and other institutional investors.

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.