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

StockNews.com began coverage on shares of Maiden (NASDAQ:MHLD) in a research report sent to investors on Saturday. The firm issued a sell rating on the insurance provider’s stock.

Maiden Stock Down 6.5 %

NASDAQ:MHLD opened at $0.57 on Friday. The stock has a market capitalization of $56.74 million, a P/E ratio of -0.88 and a beta of 1.29. Maiden has a fifty-two week low of $0.57 and a fifty-two week high of $2.27. The company has a debt-to-equity ratio of 1.22, a quick ratio of 0.86 and a current ratio of 0.86. The company’s 50-day simple moving average is $0.88 and its 200-day simple moving average is $1.32.

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

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the company. State Street Corp boosted its holdings in Maiden by 0.5% in the third quarter. State Street Corp now owns 1,201,024 shares of the insurance provider’s stock valued at $2,126,000 after purchasing an additional 6,341 shares during the last quarter. Sowell Financial Services LLC boosted its holdings in Maiden by 29.9% in the 4th quarter. Sowell Financial Services LLC now owns 466,164 shares of the insurance provider’s stock worth $788,000 after buying an additional 107,279 shares during the last quarter. JPMorgan Chase & Co. increased its position in shares of 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 purchasing an additional 196,216 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Maiden by 8.2% during the third quarter. Charles Schwab Investment Management Inc. now owns 260,103 shares of the insurance provider’s stock worth $460,000 after buying an additional 19,664 shares in the last quarter. Finally, Barclays PLC grew its stake in Maiden by 14.4% during the 4th quarter. Barclays PLC now owns 132,439 shares of the insurance provider’s stock valued at $223,000 after acquiring an additional 16,699 shares in the last quarter. 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.