Sowell Financial Services LLC Increases Stake in Maiden Holdings, Ltd. (NASDAQ:MHLD)

Sowell Financial Services LLC boosted its holdings in Maiden Holdings, Ltd. (NASDAQ:MHLD) by 29.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 466,164 shares of the insurance provider’s stock after purchasing an additional 107,279 shares during the quarter. Sowell Financial Services LLC owned about 0.47% of Maiden worth $788,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Maiden during the fourth quarter valued at approximately $35,000. SG Americas Securities LLC grew its stake in Maiden by 58.5% during the fourth quarter. SG Americas Securities LLC now owns 46,096 shares of the insurance provider’s stock valued at $78,000 after acquiring an additional 17,017 shares in the last quarter. JPMorgan Chase & Co. grew its stake in Maiden by 244.6% during the third quarter. JPMorgan Chase & Co. now owns 135,152 shares of the insurance provider’s stock valued at $239,000 after acquiring an additional 95,927 shares in the last quarter. Barclays PLC grew its stake in shares of Maiden by 268.8% in the 3rd quarter. Barclays PLC now owns 115,740 shares of the insurance provider’s stock worth $205,000 after buying an additional 84,359 shares in the last quarter. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Maiden in the 3rd quarter worth about $114,000. Hedge funds and other institutional investors own 21.78% of the company’s stock.

Maiden Stock Up 33.2 %

NASDAQ:MHLD opened at $0.98 on Wednesday. The company has a market cap of $97.24 million, a PE ratio of -1.51 and a beta of 1.29. Maiden Holdings, Ltd. has a twelve month low of $0.73 and a twelve month high of $2.27. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.22. The company’s 50 day moving average is $1.03 and its two-hundred day moving average is $1.41.

Maiden (NASDAQ:MHLD) last announced its quarterly earnings data on Monday, March 10th. The insurance provider reported ($1.53) EPS for the quarter. Maiden had a negative net margin of 71.58% and a negative return on equity of 16.55%. The business had revenue of ($6.64) million for the quarter.

Analyst Ratings Changes

Separately, StockNews.com upgraded shares of Maiden from a “sell” rating to a “hold” rating in a report on Wednesday, January 1st.

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.