Maiden (NASDAQ:MHLD) Upgraded at StockNews.com

Maiden (NASDAQ:MHLD) was upgraded by equities researchers at StockNews.com to a “sell” rating in a report released on Thursday.

Maiden Trading Up 4.0 %

NASDAQ:MHLD opened at $0.71 on Thursday. Maiden has a 52 week low of $0.67 and a 52 week high of $2.27. The firm has a 50 day moving average of $0.97 and a 200 day moving average of $1.37. 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 stock has a market capitalization of $70.59 million, a price-to-earnings ratio of -1.10 and a beta of 1.29.

Maiden (NASDAQ:MHLD) last posted its quarterly earnings data 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%. The company had revenue of ($6.64) million for the quarter.

Institutional Trading of Maiden

A number of institutional investors and hedge funds have recently modified their holdings of MHLD. Raymond James Financial Inc. acquired a new position in Maiden during the fourth quarter worth about $35,000. Tower Research Capital LLC TRC increased its position in shares of Maiden by 340.6% in 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. The Manufacturers Life Insurance Company purchased a new stake in shares of Maiden in the 3rd quarter valued at approximately $66,000. SG Americas Securities LLC increased its position in shares of Maiden by 58.5% in the 4th quarter. SG Americas Securities LLC now owns 46,096 shares of the insurance provider’s stock valued at $78,000 after purchasing an additional 17,017 shares during the last quarter. Finally, Wells Fargo & Company MN increased its position in shares of Maiden by 27.8% in 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. Hedge funds and other institutional investors 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.