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

Maiden (NASDAQ:MHLD) was upgraded by StockNews.com from a “sell” rating to a “hold” rating in a research note issued to investors on Wednesday.

Maiden Stock Performance

NASDAQ:MHLD opened at $1.69 on Wednesday. The company has a market cap of $167.85 million, a price-to-earnings ratio of -2.60 and a beta of 1.22. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 1.22. Maiden has a 52 week low of $1.19 and a 52 week high of $2.36. The company has a fifty day simple moving average of $1.56 and a two-hundred day simple moving average of $1.73.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sanctuary Advisors LLC acquired a new stake in shares of Maiden in the 2nd quarter valued at $369,000. JPMorgan Chase & Co. raised its stake in Maiden by 244.6% in the third quarter. JPMorgan Chase & Co. now owns 135,152 shares of the insurance provider’s stock valued at $239,000 after buying an additional 95,927 shares in the last quarter. Barclays PLC lifted its holdings in 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 buying an additional 84,359 shares during the last quarter. Y Intercept Hong Kong Ltd acquired a new position in shares of Maiden during the 3rd quarter worth about $114,000. Finally, Bank of New York Mellon Corp increased its holdings in shares of Maiden by 20.1% in the 2nd quarter. Bank of New York Mellon Corp now owns 285,665 shares of the insurance provider’s stock valued at $588,000 after acquiring an additional 47,710 shares during the last quarter. Institutional investors and hedge funds own 21.78% of the company’s stock.

Maiden Company Profile

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.