Equities researchers at StockNews.com began coverage on shares of Maiden (NASDAQ:MHLD – Get Rating) in a note issued to investors on Friday. The brokerage set a “sell” rating on the insurance provider’s stock.
Maiden Price Performance
MHLD opened at $2.02 on Friday. The company’s 50 day simple moving average is $2.15 and its 200 day simple moving average is $2.16. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.46 and a current ratio of 0.46. Maiden has a 1 year low of $1.84 and a 1 year high of $3.11. The stock has a market capitalization of $176.09 million, a PE ratio of 4.93 and a beta of 1.14.
Maiden (NASDAQ:MHLD – Get Rating) last posted its quarterly earnings results on Wednesday, November 9th. The insurance provider reported ($0.24) EPS for the quarter. The business had revenue of $19.26 million during the quarter. Maiden had a net margin of 4.55% and a negative return on equity of 18.75%.
Institutional Investors Weigh In On Maiden
Hedge funds and other institutional investors have recently bought and sold shares of the business. 683 Capital Management LLC increased its holdings in Maiden by 1.1% in the third quarter. 683 Capital Management LLC now owns 4,400,000 shares of the insurance provider’s stock worth $9,460,000 after buying an additional 49,466 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Maiden by 0.6% in the third quarter. Vanguard Group Inc. now owns 2,954,344 shares of the insurance provider’s stock valued at $6,352,000 after acquiring an additional 18,701 shares during the period. State Street Corp lifted its position in Maiden by 3.5% in the first quarter. State Street Corp now owns 968,564 shares of the insurance provider’s stock worth $2,334,000 after purchasing an additional 33,134 shares during the period. Millennium Management LLC bought a new position in Maiden in the second quarter worth $1,338,000. Finally, Goldman Sachs Group Inc. raised its stake in Maiden by 754.1% during the second quarter. Goldman Sachs Group Inc. now owns 424,127 shares of the insurance provider’s stock worth $823,000 after acquiring an additional 374,472 shares in the last quarter. 29.87% of the stock is currently owned by institutional investors.
About Maiden
Maiden Holdings, Ltd., through its subsidiaries, provides property and casualty reinsurance solutions to regional and specialty insurers in Europe, the United States, 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.
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Read More: Maiden (NASDAQ:MHLD) Earns Sell Rating from Analysts at StockNews.com