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

StockNews.com upgraded shares of Maiden (NASDAQ:MHLD) from a sell rating to a hold rating in a report issued on Monday.

Maiden Stock Performance

Shares of MHLD opened at $1.39 on Monday. The firm has a market cap of $138.06 million, a price-to-earnings ratio of -2.14 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 business’s 50 day moving average is $1.64 and its two-hundred day moving average is $1.79. Maiden has a 52-week low of $1.19 and a 52-week high of $2.55.

Maiden (NASDAQ:MHLD) last issued its quarterly earnings results 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 company had revenue of $18.28 million during the quarter.

Hedge Funds Weigh In On Maiden

Large investors have recently modified their holdings of the stock. Barclays PLC raised its stake in Maiden by 268.8% during the third quarter. Barclays PLC now owns 115,740 shares of the insurance provider’s stock valued at $205,000 after buying an additional 84,359 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Maiden in the 3rd quarter valued at approximately $114,000. State Street Corp raised its position in shares of Maiden by 0.5% during the 3rd quarter. State Street Corp now owns 1,201,024 shares of the insurance provider’s stock valued at $2,126,000 after acquiring an additional 6,341 shares in the last quarter. The Manufacturers Life Insurance Company bought a new position in Maiden during the third quarter worth $66,000. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Maiden by 8.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 260,103 shares of the insurance provider’s stock worth $460,000 after purchasing an additional 19,664 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.