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

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

Maiden Trading Up 0.8 %

Shares of NASDAQ MHLD opened at $1.33 on Tuesday. The stock has a market cap of $132.10 million, a price-to-earnings ratio of -2.05 and a beta of 1.22. The business has a 50 day simple moving average of $1.59 and a 200 day simple moving average of $1.75. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.86 and a current ratio of 0.86. Maiden has a 52 week low of $1.19 and a 52 week high of $2.45.

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

Institutional Trading of Maiden

Institutional investors and hedge funds have recently made changes to their positions in the stock. State Street Corp raised its stake in shares of 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 acquiring an additional 6,341 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Maiden by 20.1% during the second quarter. Bank of New York Mellon Corp now owns 285,665 shares of the insurance provider’s stock valued at $588,000 after purchasing an additional 47,710 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of Maiden by 8.2% in the third quarter. Charles Schwab Investment Management Inc. now owns 260,103 shares of the insurance provider’s stock valued at $460,000 after purchasing an additional 19,664 shares during the period. Sanctuary Advisors LLC bought a new position in shares of Maiden in the second quarter valued at approximately $369,000. Finally, JPMorgan Chase & Co. lifted its stake in shares of Maiden by 244.6% in the third quarter. JPMorgan Chase & Co. now owns 135,152 shares of the insurance provider’s stock worth $239,000 after buying an additional 95,927 shares during the last quarter. Institutional investors and hedge funds 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.