Maiden Holdings, Ltd. (NASDAQ:MHLD) Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC lowered its position in shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) by 1.5% in the second quarter, Holdings Channel reports. The institutional investor owned 428,121 shares of the insurance provider’s stock after selling 6,600 shares during the period. Renaissance Technologies LLC’s holdings in Maiden were worth $882,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD raised its holdings in Maiden by 11.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 66,450 shares of the insurance provider’s stock worth $150,000 after purchasing an additional 6,645 shares in the last quarter. Waterloo Capital L.P. increased its position in Maiden by 12.5% during the 4th quarter. Waterloo Capital L.P. now owns 76,500 shares of the insurance provider’s stock worth $175,000 after purchasing an additional 8,500 shares during the period. BNP Paribas Financial Markets raised its stake in shares of Maiden by 48.6% during the 1st quarter. BNP Paribas Financial Markets now owns 44,131 shares of the insurance provider’s stock worth $99,000 after buying an additional 14,425 shares in the last quarter. RPOA Advisors Inc. acquired a new stake in shares of Maiden in the 2nd quarter valued at approximately $63,000. Finally, Vanguard Group Inc. boosted its stake in shares of Maiden by 1.3% in the first quarter. Vanguard Group Inc. now owns 3,044,379 shares of the insurance provider’s stock valued at $6,850,000 after buying an additional 40,291 shares in the last quarter. Institutional investors and hedge funds own 21.78% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Maiden from a “hold” rating to a “sell” rating in a research report on Monday, August 12th.

Maiden Price Performance

MHLD stock opened at $1.61 on Tuesday. The firm has a 50 day moving average of $1.73 and a 200-day moving average of $1.95. The company has a market cap of $161.34 million, a price-to-earnings ratio of -6.19 and a beta of 1.23. Maiden Holdings, Ltd. has a 12-month low of $1.19 and a 12-month high of $2.55. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 1.07.

Maiden (NASDAQ:MHLD) last announced its quarterly earnings results on Thursday, August 8th. The insurance provider reported ($0.11) earnings per share (EPS) for the quarter. The business had revenue of $19.03 million during the quarter. Maiden had a negative net margin of 34.06% and a negative return on equity of 14.06%.

Maiden 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.