Maiden (NASDAQ:MHLD) Upgraded at StockNews.com

Maiden (NASDAQ:MHLD) was upgraded by StockNews.com to a “sell” rating in a research note issued on Thursday.

Maiden Stock Performance

Maiden stock opened at $0.71 on Thursday. The company’s 50-day moving average price is $0.97 and its 200-day moving average price is $1.37. Maiden has a twelve month low of $0.67 and a twelve month high of $2.27. 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 has a market cap of $70.59 million, a PE ratio of -1.10 and a beta of 1.29.

Maiden (NASDAQ:MHLD) last posted its earnings results on Monday, March 10th. The insurance provider reported ($1.53) earnings per share for the quarter. Maiden had a negative return on equity of 16.55% and a negative net margin of 71.58%. The business had revenue of ($6.64) million during the quarter.

Hedge Funds Weigh In On Maiden

Several hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE grew its holdings in Maiden by 26.7% during the 4th quarter. Bank of America Corp DE now owns 83,451 shares of the insurance provider’s stock valued at $141,000 after purchasing an additional 17,565 shares during the last quarter. Tower Research Capital LLC TRC grew its holdings in Maiden by 340.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 22,009 shares of the insurance provider’s stock valued at $37,000 after purchasing an additional 17,014 shares during the last quarter. Barclays PLC grew its holdings in Maiden by 14.4% during the 4th quarter. Barclays PLC now owns 132,439 shares of the insurance provider’s stock valued at $223,000 after purchasing an additional 16,699 shares during the last quarter. Raymond James Financial Inc. bought a new position in Maiden during the 4th quarter valued at about $35,000. Finally, Wells Fargo & Company MN grew its holdings in Maiden by 27.8% during the 4th quarter. Wells Fargo & Company MN now owns 51,664 shares of the insurance provider’s stock valued at $87,000 after purchasing an additional 11,252 shares during the last quarter. 21.78% of the stock is currently owned by institutional investors.

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.