Maiden (NASDAQ:MHLD) Upgraded at StockNews.com

StockNews.com upgraded shares of Maiden (NASDAQ:MHLD) to a sell rating in a research report released on Thursday.

Maiden Price Performance

MHLD opened at $0.70 on Thursday. The company has a fifty day moving average price of $0.94 and a two-hundred day moving average price of $1.36. The firm has a market capitalization of $68.86 million, a PE ratio of -1.07 and a beta of 1.29. Maiden has a 52 week low of $0.67 and a 52 week high of $2.27. 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 announced its quarterly earnings data on Monday, March 10th. The insurance provider reported ($1.53) EPS for the quarter. The company had revenue of ($6.64) million for the quarter. Maiden had a negative return on equity of 16.55% and a negative net margin of 71.58%.

Institutional Trading of Maiden

Hedge funds have recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings 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 valued at $460,000 after purchasing an additional 19,664 shares during the period. The Manufacturers Life Insurance Company acquired a new position in shares of Maiden in the 3rd quarter valued at $66,000. State Street Corp increased its position in shares of Maiden by 0.5% in the 3rd quarter. State Street Corp now owns 1,201,024 shares of the insurance provider’s stock valued at $2,126,000 after buying an additional 6,341 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in Maiden during the 3rd quarter worth $114,000. Finally, Barclays PLC lifted its holdings in Maiden by 268.8% during the third quarter. Barclays PLC now owns 115,740 shares of the insurance provider’s stock worth $205,000 after acquiring an additional 84,359 shares in the last quarter. 21.78% of the stock is currently owned by institutional investors and hedge funds.

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.