Maiden (NASDAQ:MHLD) Lowered to Sell Rating by StockNews.com

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

Maiden Stock Down 0.8 %

MHLD opened at $1.32 on Tuesday. The firm’s fifty day moving average is $1.61 and its 200 day moving average is $1.76. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.86 and a current ratio of 0.86. Maiden has a fifty-two week low of $1.19 and a fifty-two week high of $2.45. The stock has a market cap of $131.10 million, a price-to-earnings ratio of -2.03 and a beta of 1.22.

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

Institutional Trading of Maiden

A number of hedge funds have recently added to or reduced their stakes in MHLD. SG Americas Securities LLC grew its holdings in Maiden by 98.4% in 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 last quarter. The Manufacturers Life Insurance Company acquired a new stake in Maiden during the 3rd quarter valued at approximately $66,000. Y Intercept Hong Kong Ltd acquired a new stake in shares of Maiden in the third quarter worth $114,000. Barclays PLC boosted its holdings in Maiden by 268.8% in the third quarter. Barclays PLC now owns 115,740 shares of the insurance provider’s stock valued at $205,000 after purchasing an additional 84,359 shares during the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Maiden during the second quarter worth about $369,000. 21.78% of the stock is owned by hedge funds and other institutional investors.

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.