Maiden Holdings, Ltd. (NASDAQ:MHLD) Sees Significant Drop in Short Interest

Maiden Holdings, Ltd. (NASDAQ:MHLD) was the target of a significant decrease in short interest in the month of September. As of September 30th, there was short interest totalling 432,500 shares, a decrease of 19.3% from the September 15th total of 535,900 shares. Based on an average daily trading volume, of 109,100 shares, the short-interest ratio is presently 4.0 days. Currently, 0.5% of the shares of the company are sold short.

Institutional Investors Weigh In On Maiden

A number of institutional investors and hedge funds have recently modified their holdings of MHLD. BNP Paribas Financial Markets boosted its position in Maiden by 48.6% during the first quarter. BNP Paribas Financial Markets now owns 44,131 shares of the insurance provider’s stock worth $99,000 after purchasing an additional 14,425 shares in the last quarter. Vanguard Group Inc. grew its stake in Maiden by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 3,044,379 shares of the insurance provider’s stock valued at $6,850,000 after acquiring an additional 40,291 shares during the last quarter. Price T Rowe Associates Inc. MD increased its holdings in Maiden by 11.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 66,450 shares of the insurance provider’s stock valued at $150,000 after acquiring an additional 6,645 shares in the last quarter. Whitefort Capital Management LP raised its position in Maiden by 4.2% during the first quarter. Whitefort Capital Management LP now owns 2,048,163 shares of the insurance provider’s stock worth $4,608,000 after acquiring an additional 82,368 shares during the last quarter. Finally, Curated Wealth Partners LLC lifted its holdings in shares of Maiden by 200.0% in the second quarter. Curated Wealth Partners LLC now owns 110,000 shares of the insurance provider’s stock valued at $227,000 after purchasing an additional 220,000 shares in the last quarter. Institutional investors and hedge funds own 21.78% of the company’s stock.

Analysts Set New Price Targets

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

Maiden Price Performance

Shares of Maiden stock traded down $0.02 during trading on Tuesday, reaching $1.70. The company’s stock had a trading volume of 97,002 shares, compared to its average volume of 140,951. The business has a 50 day moving average price of $1.71 and a 200-day moving average price of $1.94. The company has a market capitalization of $170.36 million, a P/E ratio of -6.54 and a beta of 1.23. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.07. Maiden has a 12-month low of $1.19 and a 12-month high of $2.55.

Maiden (NASDAQ:MHLD) last announced its quarterly earnings results on Thursday, August 8th. The insurance provider reported ($0.11) earnings per share (EPS) for the quarter. The company had revenue of $19.03 million during the quarter. Maiden had a negative net margin of 34.06% and a negative return on equity of 14.06%.

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.