Maiden (NASDAQ:MHLD) Lowered to Sell Rating by StockNews.com

Maiden (NASDAQ:MHLD) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a report released on Tuesday.

Maiden Price Performance

MHLD stock opened at $1.32 on Tuesday. Maiden has a 52 week low of $1.19 and a 52 week high of $2.45. The firm has a market capitalization of $131.10 million, a P/E ratio of -2.03 and a beta of 1.22. The company has a fifty day simple moving average of $1.60 and a two-hundred day simple moving average of $1.75. 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 (NASDAQ:MHLD) last released its quarterly earnings results on Tuesday, November 12th. The insurance provider reported ($0.16) earnings per share for the quarter. The company had revenue of $18.28 million for the quarter. Maiden had a negative net margin of 71.58% and a negative return on equity of 16.55%.

Institutional Investors Weigh In On Maiden

A number of institutional investors and hedge funds have recently modified their holdings of MHLD. SG Americas Securities LLC grew its position in Maiden by 98.4% in the 3rd quarter. SG Americas Securities LLC now owns 29,079 shares of the insurance provider’s stock valued at $51,000 after acquiring an additional 14,422 shares during the last quarter. The Manufacturers Life Insurance Company purchased a new stake in Maiden in the third quarter worth about $66,000. Y Intercept Hong Kong Ltd bought a new position in Maiden during the 3rd quarter worth about $114,000. Barclays PLC increased its position in Maiden by 268.8% during the 3rd quarter. Barclays PLC now owns 115,740 shares of the insurance provider’s stock valued at $205,000 after purchasing an additional 84,359 shares during the period. Finally, Sanctuary Advisors LLC bought a new stake in shares of Maiden in the 2nd quarter valued at about $369,000. 21.78% of the stock is owned by institutional investors.

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.