Maiden (NASDAQ:MHLD) Cut to Sell at StockNews.com

StockNews.com lowered shares of Maiden (NASDAQ:MHLD) from a hold rating to a sell rating in a research report released on Tuesday.

Maiden Stock Up 0.8 %

MHLD stock opened at $1.33 on Tuesday. Maiden has a twelve month low of $1.19 and a twelve month high of $2.45. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.22. The company has a market cap of $132.10 million, a PE ratio of -2.05 and a beta of 1.22. The business’s 50-day simple moving average is $1.59 and its 200 day simple moving average is $1.75.

Maiden (NASDAQ:MHLD) last announced its quarterly earnings data on Tuesday, November 12th. The insurance provider reported ($0.16) earnings per share 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%.

Hedge Funds Weigh In On Maiden

A number of hedge funds and other institutional investors have recently made changes to their positions in MHLD. JPMorgan Chase & Co. raised its position in Maiden by 244.6% in the third quarter. JPMorgan Chase & Co. now owns 135,152 shares of the insurance provider’s stock worth $239,000 after purchasing an additional 95,927 shares in the last quarter. Barclays PLC boosted its holdings in Maiden by 268.8% during the third quarter. Barclays PLC now owns 115,740 shares of the insurance provider’s stock valued at $205,000 after purchasing an additional 84,359 shares in the last quarter. Y Intercept Hong Kong Ltd bought a new stake in shares of Maiden in the 3rd quarter valued at approximately $114,000. State Street Corp raised its holdings in shares of Maiden by 0.5% in the 3rd quarter. State Street Corp now owns 1,201,024 shares of the insurance provider’s stock worth $2,126,000 after buying an additional 6,341 shares in the last quarter. Finally, The Manufacturers Life Insurance Company bought a new position in shares of Maiden during the 3rd quarter worth approximately $66,000. 21.78% of the stock is owned by institutional investors.

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.