Maiden (NASDAQ:MHLD) Lowered to Sell Rating by StockNews.com

Maiden (NASDAQ:MHLD) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.

Maiden Stock Down 3.6 %

Maiden stock opened at $1.33 on Tuesday. Maiden has a one year low of $1.19 and a one year high of $2.45. The stock has a fifty day moving average of $1.61 and a 200 day moving average of $1.76. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.86 and a current ratio of 0.86. The stock has a market cap of $132.10 million, a PE ratio of -2.05 and a beta of 1.22.

Maiden (NASDAQ:MHLD) last released 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 firm had revenue of $18.28 million for the quarter.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in MHLD. Bank of New York Mellon Corp grew its position in shares of Maiden by 20.1% during the 2nd quarter. Bank of New York Mellon Corp now owns 285,665 shares of the insurance provider’s stock valued at $588,000 after acquiring an additional 47,710 shares during the period. Sanctuary Advisors LLC purchased a new position in Maiden during the second quarter valued at $369,000. SG Americas Securities LLC grew its holdings in Maiden by 98.4% during the third quarter. SG Americas Securities LLC now owns 29,079 shares of the insurance provider’s stock valued at $51,000 after purchasing an additional 14,422 shares during the period. Charles Schwab Investment Management Inc. increased its position 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 buying an additional 19,664 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Maiden in the third quarter worth about $66,000. 21.78% of the stock is currently owned by institutional investors.

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.