Maiden (NASDAQ:MHLD) Earns Sell Rating from Analysts at StockNews.com

StockNews.com assumed coverage on shares of Maiden (NASDAQ:MHLD) in a research note published on Saturday morning. The brokerage issued a sell rating on the insurance provider’s stock.

Maiden Stock Down 6.5 %

MHLD stock opened at $0.57 on Friday. The company has a fifty day moving average price of $0.88 and a 200 day moving average price of $1.32. Maiden has a 12 month low of $0.57 and a 12 month high of $2.27. The company has a debt-to-equity ratio of 1.22, a current ratio of 0.86 and a quick ratio of 0.86. The company has a market cap of $56.74 million, a price-to-earnings ratio of -0.88 and a beta of 1.29.

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

Institutional Trading of Maiden

Institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. boosted its holdings in Maiden by 145.2% during the fourth quarter. JPMorgan Chase & Co. now owns 331,368 shares of the insurance provider’s stock worth $560,000 after buying an additional 196,216 shares in the last quarter. Sowell Financial Services LLC boosted its holdings in shares of Maiden by 29.9% during the fourth quarter. Sowell Financial Services LLC now owns 466,164 shares of the insurance provider’s stock worth $788,000 after purchasing an additional 107,279 shares during the last quarter. Barclays PLC boosted its stake in Maiden by 268.8% in the 3rd quarter. Barclays PLC now owns 115,740 shares of the insurance provider’s stock worth $205,000 after buying an additional 84,359 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new stake in Maiden in the third quarter valued at approximately $114,000. Finally, The Manufacturers Life Insurance Company purchased a new stake in shares of Maiden during the 3rd quarter valued at $66,000. 21.78% of the stock is currently 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.