Maiden Holdings, Ltd. (NASDAQ:MHLD) Position Lifted by State Street Corp

State Street Corp raised its stake in Maiden Holdings, Ltd. (NASDAQ:MHLD) by 0.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 1,201,024 shares of the insurance provider’s stock after purchasing an additional 6,341 shares during the period. State Street Corp owned 1.21% of Maiden worth $2,126,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of MHLD. The Manufacturers Life Insurance Company bought a new stake in Maiden in the third quarter valued at about $66,000. Charles Schwab Investment Management Inc. grew its position in shares of Maiden by 8.2% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 260,103 shares of the insurance provider’s stock worth $460,000 after acquiring an additional 19,664 shares in the last quarter. SG Americas Securities LLC increased its holdings in shares of Maiden by 98.4% in 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 last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Maiden during the 2nd quarter valued at approximately $369,000. Finally, Bank of New York Mellon Corp lifted 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 purchasing an additional 47,710 shares during the last quarter. Institutional investors and hedge funds own 21.78% of the company’s stock.

Maiden Price Performance

MHLD opened at $1.69 on Thursday. 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 company’s 50-day moving average price is $1.56 and its 200 day moving average price is $1.73. Maiden Holdings, Ltd. has a fifty-two week low of $1.19 and a fifty-two week high of $2.36. The firm has a market cap of $167.85 million, a price-to-earnings ratio of -2.60 and a beta of 1.22.

Maiden (NASDAQ:MHLD) last posted its earnings results on Tuesday, November 12th. The insurance provider reported ($0.16) EPS for the quarter. The company had revenue of $18.28 million for the quarter. Maiden had a negative net margin of 71.58% and a negative return on equity of 16.55%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of Maiden from a “sell” rating to a “hold” rating in a report on Wednesday.

Maiden 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.