StockNews.com Upgrades Maiden (NASDAQ:MHLD) to “Sell”

StockNews.com upgraded shares of Maiden (NASDAQ:MHLD) to a sell rating in a report issued on Thursday morning.

Maiden Price Performance

Shares of NASDAQ MHLD opened at $0.69 on Thursday. Maiden has a twelve month low of $0.67 and a twelve month high of $2.27. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 1.22. The company has a market capitalization of $68.73 million, a price-to-earnings ratio of -1.07 and a beta of 1.29. The business has a 50 day simple moving average of $0.95 and a 200-day simple moving average of $1.37.

Maiden (NASDAQ:MHLD) last released its quarterly earnings data on Monday, March 10th. The insurance provider reported ($1.53) earnings per share (EPS) for the quarter. Maiden had a negative net margin of 71.58% and a negative return on equity of 16.55%. The company had revenue of ($6.64) million for the quarter.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC boosted its position in Maiden by 58.5% during the 4th quarter. SG Americas Securities LLC now owns 46,096 shares of the insurance provider’s stock valued at $78,000 after purchasing an additional 17,017 shares during the period. State Street Corp boosted its position in Maiden by 0.5% during 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 period. Charles Schwab Investment Management Inc. boosted its position in Maiden by 8.2% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 260,103 shares of the insurance provider’s stock valued at $460,000 after purchasing an additional 19,664 shares during the period. Barclays PLC boosted its position in Maiden by 268.8% during the 3rd 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 during the period. Finally, JPMorgan Chase & Co. boosted its position in Maiden by 244.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 135,152 shares of the insurance provider’s stock valued at $239,000 after purchasing an additional 95,927 shares during the period. Institutional investors and hedge funds own 21.78% of the company’s stock.

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.