Maiden (NASDAQ:MHLD) Shares Cross Above 200 Day Moving Average of $1.95

Maiden Holdings, Ltd. (NASDAQ:MHLD) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $1.95 and traded as high as $1.98. Maiden shares last traded at $1.94, with a volume of 39,824 shares changing hands.

Maiden Price Performance

The company has a current ratio of 0.69, a quick ratio of 0.69 and a debt-to-equity ratio of 1.02. The stock has a market capitalization of $194.41 million, a price-to-earnings ratio of -7.46 and a beta of 1.27. The company’s 50 day moving average is $2.10 and its 200 day moving average is $1.95.

Maiden (NASDAQ:MHLD) last posted its quarterly earnings data on Thursday, May 9th. The insurance provider reported ($0.05) EPS for the quarter. Maiden had a negative net margin of 26.14% and a negative return on equity of 7.79%. The business had revenue of $28.90 million during the quarter.

Institutional Trading of Maiden

Hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in shares of Maiden by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 3,044,379 shares of the insurance provider’s stock worth $6,850,000 after purchasing an additional 40,291 shares during the period. Whitefort Capital Management LP raised its position in shares of Maiden by 4.2% during the 1st quarter. Whitefort Capital Management LP now owns 2,048,163 shares of the insurance provider’s stock worth $4,608,000 after purchasing an additional 82,368 shares during the last quarter. Russell Investments Group Ltd. boosted its stake in shares of Maiden by 30.8% during the fourth quarter. Russell Investments Group Ltd. now owns 561,807 shares of the insurance provider’s stock valued at $1,287,000 after acquiring an additional 132,253 shares during the last quarter. Camelot Portfolios LLC lifted its stake in shares of Maiden by 36.7% during the fourth quarter. Camelot Portfolios LLC now owns 102,351 shares of the insurance provider’s stock valued at $234,000 after buying an additional 27,499 shares during the period. Finally, Waterloo Capital L.P. increased its stake in Maiden by 12.5% in the fourth quarter. Waterloo Capital L.P. now owns 76,500 shares of the insurance provider’s stock valued at $175,000 after purchasing an additional 8,500 shares during the last quarter. Institutional investors and hedge funds own 21.78% of the company’s stock.

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.