Short Interest in Maiden Holdings, Ltd. (NASDAQ:MHLD) Decreases By 69.1%

Maiden Holdings, Ltd. (NASDAQ:MHLD) saw a large decrease in short interest during the month of July. As of July 15th, there was short interest totalling 23,700 shares, a decrease of 69.1% from the June 30th total of 76,600 shares. Based on an average trading volume of 225,400 shares, the days-to-cover ratio is presently 0.1 days. Currently, 0.0% of the company’s shares are short sold.

In related news, Director Keith A. Thomas acquired 43,934 shares of the company’s stock in a transaction dated Tuesday, June 9th. The stock was bought at an average price of $1.31 per share, with a total value of $57,553.54. Following the purchase, the director now directly owns 1,900 shares in the company, valued at approximately $2,489. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Steven Harold Nigro acquired 22,500 shares of the company’s stock in a transaction dated Tuesday, June 9th. The shares were bought at an average cost of $1.26 per share, with a total value of $28,350.00. In the last ninety days, insiders have bought 87,999 shares of company stock valued at $113,158. Corporate insiders own 11.20% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of MHLD. Sunbelt Securities Inc. acquired a new stake in Maiden during the 4th quarter worth approximately $109,000. Deltec Asset Management LLC purchased a new position in Maiden in the 1st quarter worth approximately $50,000. Finally, Nwam LLC boosted its holdings in Maiden by 23.1% in the 1st quarter. Nwam LLC now owns 278,182 shares of the insurance provider’s stock worth $253,000 after acquiring an additional 52,200 shares during the period. 24.89% of the stock is owned by hedge funds and other institutional investors.

A number of research analysts have recently commented on the stock. ValuEngine downgraded shares of Maiden from a “buy” rating to a “hold” rating in a research note on Thursday, July 2nd. B. Riley upped their price objective on shares of Maiden from $1.00 to $1.50 in a research note on Monday, June 15th.

MHLD opened at $1.41 on Friday. The firm has a 50 day moving average price of $1.29 and a 200 day moving average price of $1.04. The company has a market cap of $121.32 million, a PE ratio of -1.57 and a beta of 0.83. Maiden has a 1 year low of $0.38 and a 1 year high of $1.47. The company has a debt-to-equity ratio of 12.75, a quick ratio of 0.33 and a current ratio of 0.33.

Maiden (NASDAQ:MHLD) last posted its earnings results on Friday, May 15th. The insurance provider reported $0.04 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.06 by ($0.02). The business had revenue of $49.59 million for the quarter. Maiden had a positive return on equity of 27.18% and a negative net margin of 17.29%.

Maiden Company Profile

Maiden Holdings, Ltd., through its subsidiaries, provides reinsurance solutions to regional and specialty insurers primarily in Europe and internationally. The company writes treaties on a quota share basis and excess of loss basis. It also offers auto and credit life insurance products through its insurer partners to retail clients.

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