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

Maiden (NASDAQ:MHLD) was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating in a note issued to investors on Monday.

Maiden Price Performance

Shares of MHLD opened at $1.35 on Monday. 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 company’s fifty day moving average price is $1.64 and its 200-day moving average price is $1.78. Maiden has a 1-year low of $1.19 and a 1-year high of $2.55. The firm has a market capitalization of $134.08 million, a PE ratio of -2.14 and a beta of 1.22.

Maiden (NASDAQ:MHLD) last issued its earnings results on Tuesday, November 12th. The insurance provider reported ($0.16) EPS for the quarter. The company had revenue of $18.28 million during the quarter. Maiden had a negative return on equity of 16.55% and a negative net margin of 71.58%.

Hedge Funds Weigh In On Maiden

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Bank of New York Mellon Corp boosted its position 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 period. Sanctuary Advisors LLC acquired a new position in Maiden in the 2nd quarter valued at about $369,000. SG Americas Securities LLC increased its stake in Maiden by 98.4% during the third quarter. SG Americas Securities LLC now owns 29,079 shares of the insurance provider’s stock worth $51,000 after purchasing an additional 14,422 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of 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 purchasing an additional 19,664 shares in the last quarter. Finally, The Manufacturers Life Insurance Company acquired a new stake in shares of Maiden during the third quarter worth about $66,000. Institutional investors and hedge funds own 21.78% of the company’s stock.

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.