Maiden Holdings, Ltd. (NASDAQ:MHLD) Shares Purchased by SG Americas Securities LLC

SG Americas Securities LLC lifted its holdings in Maiden Holdings, Ltd. (NASDAQ:MHLD) by 98.4% in the 3rd quarter, Holdings Channel.com reports. The fund owned 29,079 shares of the insurance provider’s stock after buying an additional 14,422 shares during the quarter. SG Americas Securities LLC’s holdings in Maiden were worth $51,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the business. Sanctuary Advisors LLC acquired a new stake in Maiden in the 2nd quarter valued at $369,000. Bank of New York Mellon Corp grew its stake in shares of Maiden by 20.1% in the second quarter. Bank of New York Mellon Corp now owns 285,665 shares of the insurance provider’s stock valued at $588,000 after buying an additional 47,710 shares in the last quarter. RPOA Advisors Inc. purchased a new stake in shares of Maiden during the 2nd quarter valued at about $63,000. Curated Wealth Partners LLC lifted its position in Maiden by 200.0% during the 2nd quarter. Curated Wealth Partners LLC now owns 110,000 shares of the insurance provider’s stock worth $227,000 after acquiring an additional 220,000 shares in the last quarter. Finally, Whitefort Capital Management LP lifted its position in Maiden by 4.2% during the 1st quarter. Whitefort Capital Management LP now owns 2,048,163 shares of the insurance provider’s stock worth $4,608,000 after acquiring an additional 82,368 shares in the last quarter. Hedge funds and other institutional investors own 21.78% of the company’s stock.

Wall Street Analyst Weigh In

Separately, StockNews.com lowered shares of Maiden from a “hold” rating to a “sell” rating in a research note on Monday, August 12th.

Maiden Price Performance

MHLD opened at $1.64 on Tuesday. Maiden Holdings, Ltd. has a twelve month low of $1.19 and a twelve month high of $2.55. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.07. The firm has a market cap of $164.34 million, a price-to-earnings ratio of -6.31 and a beta of 1.23. The company has a fifty day simple moving average of $1.71 and a 200 day simple moving average of $1.91.

Maiden (NASDAQ:MHLD) last announced its earnings results on Thursday, August 8th. The insurance provider reported ($0.11) earnings per share (EPS) for the quarter. Maiden had a negative return on equity of 14.06% and a negative net margin of 34.06%. The business had revenue of $19.03 million for the quarter.

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.