JPMorgan Chase & Co. Buys 95,927 Shares of Maiden Holdings, Ltd. (NASDAQ:MHLD)

JPMorgan Chase & Co. raised its position in Maiden Holdings, Ltd. (NASDAQ:MHLD) by 244.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 135,152 shares of the insurance provider’s stock after buying an additional 95,927 shares during the period. JPMorgan Chase & Co. owned 0.14% of Maiden worth $239,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. State Street Corp grew its holdings in Maiden by 0.5% during the third quarter. State Street Corp now owns 1,201,024 shares of the insurance provider’s stock valued at $2,126,000 after purchasing an additional 6,341 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in 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 purchasing an additional 19,664 shares during the period. Sanctuary Advisors LLC acquired a new position in Maiden during the 2nd quarter worth approximately $369,000. Barclays PLC increased its stake in Maiden by 268.8% in the 3rd 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 during the last quarter. Finally, Y Intercept Hong Kong Ltd acquired a new position in shares of Maiden during the 3rd quarter worth about $114,000. Institutional investors and hedge funds own 21.78% of the company’s stock.

Maiden Price Performance

NASDAQ:MHLD opened at $1.01 on Friday. Maiden Holdings, Ltd. has a 12-month low of $1.00 and a 12-month high of $2.27. The firm has a market capitalization of $100.31 million, a price-to-earnings ratio of -1.55 and a beta of 1.21. The stock’s 50 day moving average price is $1.33 and its two-hundred day moving average price is $1.61. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.22.

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com raised shares of Maiden from a “sell” rating to a “hold” rating in a research report on Wednesday, January 1st.

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.