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

Maiden (NASDAQ:MHLD) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Maiden Stock Performance

NASDAQ MHLD opened at $1.35 on Monday. The company has a fifty day moving average of $1.64 and a two-hundred day moving average of $1.78. The company has a market capitalization of $134.08 million, a PE ratio of -2.14 and a beta of 1.22. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.86 and a quick ratio of 0.86. Maiden has a 1 year low of $1.19 and a 1 year high of $2.55.

Maiden (NASDAQ:MHLD) last issued its quarterly 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 company had revenue of $18.28 million for the quarter.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. State Street Corp raised its stake in shares of Maiden by 0.5% during the 3rd quarter. State Street Corp now owns 1,201,024 shares of the insurance provider’s stock worth $2,126,000 after buying an additional 6,341 shares during the last quarter. SG Americas Securities LLC increased its holdings in Maiden by 98.4% during the 3rd quarter. SG Americas Securities LLC now owns 29,079 shares of the insurance provider’s stock valued at $51,000 after acquiring an additional 14,422 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in 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 acquiring an additional 19,664 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in shares of Maiden in the third quarter valued at about $66,000. Finally, Bank of New York Mellon Corp lifted its holdings 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 purchasing an additional 47,710 shares in the last quarter. 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.