Maiden (NASDAQ:MHLD) Upgraded to Hold at StockNews.com

StockNews.com upgraded shares of Maiden (NASDAQ:MHLD) from a sell rating to a hold rating in a research report report published on Wednesday morning.

Maiden Stock Up 37.4 %

Shares of NASDAQ:MHLD opened at $1.69 on Wednesday. Maiden has a 1-year low of $1.19 and a 1-year high of $2.36. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.86 and a quick ratio of 0.86. The stock has a market cap of $167.85 million, a P/E ratio of -2.60 and a beta of 1.22. The firm has a fifty day moving average price of $1.56 and a 200 day moving average price of $1.73.

Maiden (NASDAQ:MHLD) last announced its earnings results on Tuesday, November 12th. The insurance provider reported ($0.16) 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 $18.28 million for the quarter.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of MHLD. State Street Corp boosted its stake in shares of Maiden by 0.5% in the third quarter. State Street Corp now owns 1,201,024 shares of the insurance provider’s stock valued at $2,126,000 after buying an additional 6,341 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in shares of Maiden by 20.1% during the 2nd 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. Charles Schwab Investment Management Inc. grew 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 acquiring an additional 19,664 shares during the period. Sanctuary Advisors LLC purchased a new stake in shares of Maiden in the second quarter valued at $369,000. Finally, JPMorgan Chase & Co. grew its holdings in Maiden by 244.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 135,152 shares of the insurance provider’s stock valued at $239,000 after buying an additional 95,927 shares during the period. Institutional investors and hedge funds own 21.78% of the company’s stock.

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.