Maiden (NASDAQ:MHLD) Issues Earnings Results

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

Maiden Price Performance

Shares of MHLD opened at $1.75 on Thursday. The company has a 50 day moving average of $1.68 and a two-hundred day moving average of $1.88. The company has a market cap of $174.60 million, a price-to-earnings ratio of -2.69 and a beta of 1.26. The company has a quick ratio of 0.75, a current ratio of 0.86 and a debt-to-equity ratio of 1.26. Maiden has a twelve month low of $1.19 and a twelve month high of $2.55.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. SG Americas Securities LLC boosted its holdings in Maiden by 98.4% in the third quarter. SG Americas Securities LLC now owns 29,079 shares of the insurance provider’s stock worth $51,000 after acquiring an additional 14,422 shares in the last quarter. RPOA Advisors Inc. purchased a new stake in Maiden during the 2nd quarter worth approximately $63,000. The Manufacturers Life Insurance Company acquired a new position in Maiden during the 3rd quarter valued at approximately $66,000. BNP Paribas Financial Markets raised its holdings in shares of Maiden by 48.6% in the first quarter. BNP Paribas Financial Markets now owns 44,131 shares of the insurance provider’s stock worth $99,000 after buying an additional 14,425 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its stake in shares of Maiden by 11.1% during the first quarter. Price T Rowe Associates Inc. MD now owns 66,450 shares of the insurance provider’s stock worth $150,000 after buying an additional 6,645 shares during the period. 21.78% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com lowered Maiden from a “hold” rating to a “sell” rating in a report on Monday, August 12th.

Maiden Company Profile

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.