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 released on Monday morning.

Maiden Price Performance

Shares of NASDAQ:MHLD opened at $1.26 on Monday. Maiden has a 12 month low of $1.19 and a 12 month high of $2.52. The firm has a market capitalization of $125.14 million, a P/E ratio of -1.94 and a beta of 1.22. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.86 and a quick ratio of 0.86. The company’s fifty day moving average price is $1.62 and its 200 day moving average price is $1.77.

Maiden (NASDAQ:MHLD) last posted its earnings results on Tuesday, November 12th. The insurance provider reported ($0.16) EPS 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

Several large investors have recently modified their holdings of the company. State Street Corp raised its position in 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 purchasing an additional 6,341 shares during the last quarter. SG Americas Securities LLC raised its holdings in shares of Maiden by 98.4% in the third quarter. SG Americas Securities LLC now owns 29,079 shares of the insurance provider’s stock valued at $51,000 after buying an additional 14,422 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Maiden by 8.2% during the third 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. The Manufacturers Life Insurance Company acquired a new stake in shares of Maiden during the third quarter worth about $66,000. Finally, Bank of New York Mellon Corp grew its holdings in shares of 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 worth $588,000 after buying an additional 47,710 shares during the last quarter. 21.78% of the stock is owned by institutional investors and hedge funds.

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.