Maiden (NASDAQ:MHLD) Share Price Passes Above Two Hundred Day Moving Average of $1.80

Maiden Holdings, Ltd. (NASDAQ:MHLD) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $1.80 and traded as high as $2.23. Maiden shares last traded at $2.17, with a volume of 401,891 shares.

Analyst Ratings Changes

Separately, StockNews.com lowered Maiden from a “hold” rating to a “sell” rating in a research report on Wednesday, December 27th.

Maiden Price Performance

The company has a debt-to-equity ratio of 1.02, a quick ratio of 0.66 and a current ratio of 0.66. The stock has a market capitalization of $218.02 million, a P/E ratio of -5.71 and a beta of 1.24. The firm has a 50-day moving average price of $1.63 and a 200 day moving average price of $1.80.

Insider Activity

In other news, Director Simcha G. Lyons acquired 15,000 shares of Maiden stock in a transaction dated Tuesday, March 19th. The shares were purchased at an average cost of $1.80 per share, for a total transaction of $27,000.00. Following the transaction, the director now owns 206,525 shares of the company’s stock, valued at $371,745. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Steven Harold Nigro bought 20,000 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was bought at an average cost of $1.52 per share, for a total transaction of $30,400.00. Following the acquisition, the director now directly owns 208,043 shares of the company’s stock, valued at approximately $316,225.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Simcha G. Lyons bought 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The shares were bought at an average price of $1.80 per share, with a total value of $27,000.00. Following the completion of the acquisition, the director now directly owns 206,525 shares in the company, valued at $371,745. The disclosure for this purchase can be found here. In the last three months, insiders have bought 45,000 shares of company stock worth $72,400. 8.20% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Maiden

Several institutional investors and hedge funds have recently bought and sold shares of MHLD. Charles Schwab Investment Management Inc. lifted its holdings in Maiden by 4.7% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 189,053 shares of the insurance provider’s stock worth $456,000 after buying an additional 8,537 shares during the period. State Street Corp lifted its holdings in Maiden by 3.5% in the 1st quarter. State Street Corp now owns 968,564 shares of the insurance provider’s stock worth $2,334,000 after buying an additional 33,134 shares during the period. Goldman Sachs Group Inc. lifted its holdings in Maiden by 21.7% in the 1st quarter. Goldman Sachs Group Inc. now owns 49,655 shares of the insurance provider’s stock worth $120,000 after buying an additional 8,851 shares during the period. Zebra Capital Management LLC lifted its stake in shares of Maiden by 80.3% in the 1st quarter. Zebra Capital Management LLC now owns 40,354 shares of the insurance provider’s stock valued at $97,000 after purchasing an additional 17,978 shares during the period. Finally, Millennium Management LLC purchased a new position in shares of Maiden in the 2nd quarter valued at approximately $1,338,000. Hedge funds and other institutional investors own 21.78% of the company’s stock.

About Maiden

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.