Maiden (NASDAQ:MHLD) Cut to “Sell” at StockNews.com

StockNews.com lowered shares of Maiden (NASDAQ:MHLD) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.

Maiden Price Performance

NASDAQ:MHLD opened at $1.32 on Tuesday. The firm has a market cap of $131.10 million, a P/E ratio of -2.03 and a beta of 1.22. The stock has a 50 day moving average of $1.61 and a two-hundred day moving average of $1.76. Maiden has a 12 month low of $1.19 and a 12 month high of $2.45. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.22.

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

Institutional Investors Weigh In On Maiden

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. State Street Corp raised its holdings in Maiden by 0.5% in the 3rd quarter. State Street Corp now owns 1,201,024 shares of the insurance provider’s stock valued at $2,126,000 after buying an additional 6,341 shares during the period. SG Americas Securities LLC lifted its holdings in shares of Maiden by 98.4% in the 3rd quarter. SG Americas Securities LLC now owns 29,079 shares of the insurance provider’s stock worth $51,000 after acquiring an additional 14,422 shares during the last quarter. Charles Schwab Investment Management Inc. boosted 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 buying an additional 19,664 shares during the period. The Manufacturers Life Insurance Company acquired a new stake in shares of Maiden during the third quarter worth about $66,000. Finally, Bank of New York Mellon Corp lifted its holdings in 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 buying an additional 47,710 shares in the last quarter. Hedge funds and other institutional investors own 21.78% of the company’s stock.

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.