The Manufacturers Life Insurance Company Takes $66,000 Position in Maiden Holdings, Ltd. (NASDAQ:MHLD)

The Manufacturers Life Insurance Company purchased a new position in shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 37,499 shares of the insurance provider’s stock, valued at approximately $66,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SG Americas Securities LLC lifted its position in shares of Maiden by 98.4% during the 3rd quarter. SG Americas Securities LLC now owns 29,079 shares of the insurance provider’s stock valued at $51,000 after acquiring an additional 14,422 shares during the period. Sanctuary Advisors LLC acquired a new position in Maiden in the second quarter valued at about $369,000. Charles Schwab Investment Management Inc. lifted its position 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 worth $460,000 after purchasing an additional 19,664 shares during the period. Finally, Bank of New York Mellon Corp grew its stake in Maiden by 20.1% during the second quarter. Bank of New York Mellon Corp now owns 285,665 shares of the insurance provider’s stock worth $588,000 after buying an additional 47,710 shares in the last quarter. Institutional investors and hedge funds own 21.78% of the company’s stock.

Maiden Stock Down 2.9 %

Shares of MHLD opened at $1.35 on Wednesday. The firm has a 50 day simple moving average of $1.64 and a two-hundred day simple moving average of $1.78. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.86 and a quick ratio of 0.86. Maiden Holdings, Ltd. has a one year low of $1.19 and a one year high of $2.55. The company has a market cap of $134.08 million, a P/E ratio of -2.14 and a beta of 1.22.

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 net margin of 71.58% and a negative return on equity of 16.55%. The business had revenue of $18.28 million during the quarter.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Maiden from a “sell” rating to a “hold” rating in a research report on Monday.

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.