Maiden (NASDAQ:MHLD) Upgraded at StockNews.com

Maiden (NASDAQ:MHLD) was upgraded by research analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

Maiden Trading Up 2.2 %

Shares of NASDAQ MHLD traded up $0.03 during trading on Monday, reaching $1.39. The company had a trading volume of 114,797 shares, compared to its average volume of 133,518. The company’s fifty day moving average price is $1.64 and its 200-day moving average price is $1.79. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.22. The stock has a market cap of $138.06 million, a P/E ratio of -2.14 and a beta of 1.22. Maiden has a 12 month low of $1.19 and a 12 month high of $2.55.

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

Institutional Investors Weigh In On Maiden

Hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC raised its holdings in shares of Maiden by 98.4% during the third quarter. SG Americas Securities LLC now owns 29,079 shares of the insurance provider’s stock valued at $51,000 after purchasing an additional 14,422 shares during the period. The Manufacturers Life Insurance Company acquired a new position in shares of Maiden during the third quarter worth approximately $66,000. Y Intercept Hong Kong Ltd bought a new position in shares of Maiden in the 3rd quarter worth $114,000. Barclays PLC grew its position in Maiden by 268.8% in the 3rd quarter. Barclays PLC now owns 115,740 shares of the insurance provider’s stock valued at $205,000 after purchasing an additional 84,359 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in Maiden during the 2nd quarter valued at $369,000. 21.78% of the stock is currently owned by institutional investors.

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.