Sowell Financial Services LLC Increases Stock Holdings in Maiden Holdings, Ltd. (NASDAQ:MHLD)

Sowell Financial Services LLC boosted its stake in shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) by 29.9% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 466,164 shares of the insurance provider’s stock after buying an additional 107,279 shares during the quarter. Sowell Financial Services LLC’s holdings in Maiden were worth $788,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of MHLD. Charles Schwab Investment Management Inc. boosted its stake in 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 during the period. The Manufacturers Life Insurance Company purchased a new position in Maiden during the third quarter worth about $66,000. State Street Corp lifted its position in shares of Maiden by 0.5% during the third quarter. State Street Corp now owns 1,201,024 shares of the insurance provider’s stock worth $2,126,000 after purchasing an additional 6,341 shares in the last quarter. Y Intercept Hong Kong Ltd acquired a new stake in shares of Maiden during the third quarter worth about $114,000. Finally, Barclays PLC lifted its position in shares of Maiden by 268.8% during the third quarter. Barclays PLC now owns 115,740 shares of the insurance provider’s stock worth $205,000 after purchasing an additional 84,359 shares in the last quarter. Hedge funds and other institutional investors own 21.78% of the company’s stock.

Maiden Stock Up 33.2 %

Shares of NASDAQ:MHLD opened at $0.98 on Wednesday. The firm’s 50 day moving average price is $1.03 and its 200 day moving average price is $1.41. The stock has a market cap of $97.24 million, a price-to-earnings ratio of -1.51 and a beta of 1.29. Maiden Holdings, Ltd. has a fifty-two week low of $0.73 and a fifty-two week high of $2.27. 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 announced its quarterly earnings results on Monday, March 10th. The insurance provider reported ($1.53) EPS for the quarter. The company had revenue of ($6.64) million during the quarter. Maiden had a negative net margin of 71.58% and a negative return on equity of 16.55%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of Maiden from a “sell” rating to a “hold” rating in a research report on Wednesday, January 1st.

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.