Maiden (NASDAQ:MHLD) Upgraded by StockNews.com to Hold Rating

Maiden (NASDAQ:MHLD) was upgraded by investment analysts at StockNews.com from a “sell” rating to a “hold” rating in a research report issued on Monday.

Maiden Stock Up 2.2 %

NASDAQ MHLD traded up $0.03 on Monday, reaching $1.39. The company had a trading volume of 114,797 shares, compared to its average volume of 133,518. 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 stock has a market capitalization of $138.06 million, a P/E ratio of -2.14 and a beta of 1.22. The company’s fifty day moving average is $1.64 and its 200 day moving average is $1.79. Maiden has a 52-week low of $1.19 and a 52-week high of $2.55.

Maiden (NASDAQ:MHLD) last announced its earnings results on Tuesday, November 12th. The insurance provider reported ($0.16) EPS for the quarter. Maiden had a negative net margin of 71.58% and a negative return on equity of 16.55%. The firm had revenue of $18.28 million during the quarter.

Institutional Investors Weigh In On Maiden

Several large investors have recently made changes to their positions in the business. SG Americas Securities LLC boosted its holdings in shares of Maiden by 98.4% in the 3rd quarter. SG Americas Securities LLC now owns 29,079 shares of the insurance provider’s stock worth $51,000 after buying an additional 14,422 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new position in Maiden in the third quarter valued at about $66,000. Y Intercept Hong Kong Ltd bought a new position in shares of Maiden during the 3rd quarter valued at approximately $114,000. Barclays PLC increased its stake in shares of Maiden by 268.8% during the 3rd quarter. Barclays PLC now owns 115,740 shares of the insurance provider’s stock worth $205,000 after purchasing an additional 84,359 shares during the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in Maiden in the 2nd quarter valued at about $369,000. 21.78% of the stock is owned by hedge funds and other 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.