Maiden (NASDAQ:MHLD) Share Price Passes Above Two Hundred Day Moving Average of $2.22

Maiden Holdings, Ltd. (NASDAQ:MHLD – Get Rating) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $2.22 and traded as high as $2.60. Maiden shares last traded at $2.57, with a volume of 147,066 shares traded.

Analyst Ratings Changes

Separately, StockNews.com started coverage on Maiden in a report on Tuesday, January 17th. They issued a “sell” rating for the company.

Maiden Trading Up 2.0 %

The company has a market cap of $224.03 million, a price-to-earnings ratio of 6.27 and a beta of 1.09. The firm has a 50 day moving average price of $2.35 and a two-hundred day moving average price of $2.22. The company has a quick ratio of 0.46, a current ratio of 0.46 and a debt-to-equity ratio of 1.23.

Institutional Investors Weigh In On Maiden

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Virtu Financial LLC acquired a new stake in shares of Maiden in the fourth quarter valued at about $31,000. Millennium Management LLC grew its stake in Maiden by 32.6% during the fourth quarter. Millennium Management LLC now owns 455,853 shares of the insurance provider’s stock worth $962,000 after purchasing an additional 111,953 shares during the period. Morgan Stanley grew its stake in Maiden by 1,123.5% during the fourth quarter. Morgan Stanley now owns 127,806 shares of the insurance provider’s stock worth $270,000 after purchasing an additional 117,360 shares during the period. Man Group plc grew its stake in Maiden by 301.5% during the fourth quarter. Man Group plc now owns 74,022 shares of the insurance provider’s stock worth $156,000 after purchasing an additional 55,587 shares during the period. Finally, Mariner LLC acquired a new stake in Maiden during the fourth quarter worth approximately $60,000. Institutional investors and hedge funds own 39.22% of the company’s stock.

Maiden Company Profile

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Maiden Holdings Ltd. engages in the provision of non-catastrophic, customized reinsurance products and services to small and mid-size insurance companies. It operates through the Diversified Reinsurance and AmTrust Reinsurance segments. The Diversified Reinsurance segment consists of a portfolio of property and casualty reinsurance business.