Maiden (NASDAQ:MHLD) Upgraded at StockNews.com

StockNews.com upgraded shares of Maiden (NASDAQ:MHLD) from a sell rating to a hold rating in a report published on Wednesday morning.

Maiden Price Performance

MHLD stock opened at $1.34 on Wednesday. The firm has a market cap of $133.09 million, a P/E ratio of -2.06 and a beta of 1.21. The firm’s fifty day moving average is $1.55 and its 200 day moving average is $1.72. Maiden has a 52 week low of $1.19 and a 52 week high of $2.27. 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 (NASDAQ:MHLD) last released its earnings results on Tuesday, November 12th. The insurance provider reported ($0.16) earnings per share for the quarter. Maiden had a negative net margin of 71.58% and a negative return on equity of 16.55%. The company had revenue of $18.28 million during the quarter.

Institutional Investors Weigh In On Maiden

Several institutional investors have recently added to or reduced their stakes in MHLD. Charles Schwab Investment Management Inc. lifted its holdings in Maiden by 8.2% in the 3rd 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. State Street Corp increased its position in Maiden by 0.5% during the 3rd quarter. State Street Corp now owns 1,201,024 shares of the insurance provider’s stock valued at $2,126,000 after purchasing an additional 6,341 shares during the period. The Manufacturers Life Insurance Company bought a new position in Maiden in the 3rd quarter worth $66,000. Y Intercept Hong Kong Ltd purchased a new stake in shares of Maiden in the 3rd quarter worth about $114,000. Finally, Sanctuary Advisors LLC bought a new stake in shares of Maiden during the 2nd quarter valued at about $369,000. 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.