Rhumbline Advisers Sells 19,706 Shares of Maiden Holdings, Ltd. (NASDAQ:MHLD)

Rhumbline Advisers decreased its position in Maiden Holdings, Ltd. (NASDAQ:MHLD) by 17.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 92,216 shares of the insurance provider’s stock after selling 19,706 shares during the period. Rhumbline Advisers owned 0.09% of Maiden worth $156,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in MHLD. SG Americas Securities LLC boosted its holdings in Maiden by 58.5% during the fourth quarter. SG Americas Securities LLC now owns 46,096 shares of the insurance provider’s stock worth $78,000 after buying an additional 17,017 shares during the last quarter. State Street Corp boosted 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 worth $2,126,000 after buying an additional 6,341 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings 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 buying an additional 19,664 shares during the last quarter. Barclays PLC boosted its holdings in Maiden by 268.8% during the third quarter. Barclays PLC now owns 115,740 shares of the insurance provider’s stock worth $205,000 after buying an additional 84,359 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in Maiden by 244.6% during the third quarter. JPMorgan Chase & Co. now owns 135,152 shares of the insurance provider’s stock worth $239,000 after buying an additional 95,927 shares during the last quarter. Institutional investors own 21.78% of the company’s stock.

Analyst Ratings Changes

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

Maiden Price Performance

Shares of MHLD opened at $0.74 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.22. Maiden Holdings, Ltd. has a 1 year low of $0.73 and a 1 year high of $2.27. The stock has a market cap of $73.00 million, a P/E ratio of -1.13 and a beta of 1.29. The stock’s 50-day moving average price is $1.05 and its two-hundred day moving average price is $1.42.

Maiden (NASDAQ:MHLD) last released its quarterly earnings results on Monday, March 10th. The insurance provider reported ($1.53) EPS for the quarter. Maiden had a negative return on equity of 16.55% and a negative net margin of 71.58%.

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.