Maiden (NASDAQ:MHLD) Posts Earnings Results

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

Maiden Stock Performance

Shares of NASDAQ:MHLD opened at $1.75 on Thursday. The company has a current ratio of 0.86, a quick ratio of 0.75 and a debt-to-equity ratio of 1.26. The company has a market capitalization of $174.60 million, a price-to-earnings ratio of -2.69 and a beta of 1.26. Maiden has a 12 month low of $1.19 and a 12 month high of $2.55. The firm’s 50-day moving average is $1.68 and its 200 day moving average is $1.88.

Institutional Investors Weigh In On Maiden

Several hedge funds and other institutional investors have recently modified their holdings of MHLD. SG Americas Securities LLC lifted its position in shares of Maiden by 98.4% during the third quarter. SG Americas Securities LLC now owns 29,079 shares of the insurance provider’s stock worth $51,000 after purchasing an additional 14,422 shares during the last quarter. RPOA Advisors Inc. bought a new stake in Maiden during the 2nd quarter valued at about $63,000. The Manufacturers Life Insurance Company bought a new position in Maiden in the 3rd quarter worth about $66,000. BNP Paribas Financial Markets increased its position in shares of 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 acquiring an additional 14,425 shares during the period. Finally, Price T Rowe Associates Inc. MD raised 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 valued at $150,000 after acquiring an additional 6,645 shares in the last quarter. 21.78% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com downgraded Maiden from a “hold” rating to a “sell” rating in a research 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.