Maiden Holdings, Ltd. (NASDAQ:MHLD) Shares Acquired by Bank of America Corp DE

Bank of America Corp DE grew its holdings in shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) by 26.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 83,451 shares of the insurance provider’s stock after purchasing an additional 17,565 shares during the period. Bank of America Corp DE owned approximately 0.08% of Maiden worth $141,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. Raymond James Financial Inc. bought a new position in Maiden during the fourth quarter valued at about $35,000. Tower Research Capital LLC TRC raised its stake in shares of Maiden by 340.6% in the 4th quarter. Tower Research Capital LLC TRC now owns 22,009 shares of the insurance provider’s stock valued at $37,000 after acquiring an additional 17,014 shares in the last quarter. Wells Fargo & Company MN raised its stake in shares of Maiden by 27.8% in the 4th quarter. Wells Fargo & Company MN now owns 51,664 shares of the insurance provider’s stock valued at $87,000 after acquiring an additional 11,252 shares in the last quarter. Barclays PLC increased its position in Maiden by 14.4% in the 4th quarter. Barclays PLC now owns 132,439 shares of the insurance provider’s stock worth $223,000 after buying an additional 16,699 shares during the period. Finally, JPMorgan Chase & Co. increased its position in Maiden by 145.2% in the 4th 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 during the period. 21.78% of the stock is owned by institutional investors and hedge funds.

Maiden Trading Up 15.5%

Shares of MHLD opened at $1.16 on Tuesday. 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 Holdings, Ltd. has a 12-month low of $0.55 and a 12-month high of $2.14. The firm has a market capitalization of $115.13 million, a PE ratio of -1.78 and a beta of 1.31. The stock’s fifty day simple moving average is $1.13 and its 200-day simple moving average is $1.09.

Maiden (NASDAQ:MHLD) last released its earnings results on Monday, May 12th. The insurance provider reported ($0.03) earnings per share for the quarter. The company had revenue of $10.72 million during the quarter. Maiden had a negative net margin of 71.58% and a negative return on equity of 16.55%.

Analyst Ratings Changes

Separately, Wall Street Zen upgraded Maiden to a “sell” rating in a research report on Wednesday, May 14th.

Maiden 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.