SG Americas Securities LLC Increases Stock Position in Maiden Holdings, Ltd. (NASDAQ:MHLD)

SG Americas Securities LLC lifted its holdings in shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) by 18.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 49,405 shares of the insurance provider’s stock after purchasing an additional 7,645 shares during the period. SG Americas Securities LLC’s holdings in Maiden were worth $113,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. increased its position in Maiden by 357.9% during the second quarter. BlackRock Inc. now owns 4,424,863 shares of the insurance provider’s stock worth $9,292,000 after buying an additional 3,458,614 shares in the last quarter. Vanguard Group Inc. increased its position in Maiden by 0.3% during the 3rd quarter. Vanguard Group Inc. now owns 2,964,187 shares of the insurance provider’s stock worth $5,217,000 after purchasing an additional 9,525 shares in the last quarter. Geode Capital Management LLC raised its stake in Maiden by 158.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,747,993 shares of the insurance provider’s stock valued at $3,671,000 after purchasing an additional 1,070,404 shares during the last quarter. State Street Corp lifted its holdings in Maiden by 413.7% in the 2nd quarter. State Street Corp now owns 1,138,005 shares of the insurance provider’s stock valued at $2,390,000 after purchasing an additional 916,463 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Maiden by 387.7% during the 2nd quarter. Northern Trust Corp now owns 709,741 shares of the insurance provider’s stock worth $1,490,000 after purchasing an additional 564,215 shares during the last quarter. 21.78% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Maiden

In related news, Director Simcha G. Lyons purchased 15,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 19th. The stock was purchased at an average price of $1.80 per share, with a total value of $27,000.00. Following the completion of the transaction, the director now owns 206,525 shares of the company’s stock, valued at approximately $371,745. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Simcha G. Lyons bought 15,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 19th. The shares were acquired at an average cost of $1.80 per share, with a total value of $27,000.00. Following the transaction, the director now owns 206,525 shares of the company’s stock, valued at approximately $371,745. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Steven Harold Nigro purchased 20,000 shares of the stock in a transaction on Friday, March 15th. The shares were purchased at an average cost of $1.52 per share, with a total value of $30,400.00. Following the transaction, the director now owns 208,043 shares of the company’s stock, valued at approximately $316,225.36. The disclosure for this purchase can be found here. Insiders have purchased a total of 45,000 shares of company stock worth $72,400 in the last three months. Company insiders own 8.20% of the company’s stock.

Maiden Price Performance

MHLD stock opened at $2.09 on Friday. The stock has a market capitalization of $209.99 million, a price-to-earnings ratio of -5.50 and a beta of 1.33. The company has a quick ratio of 0.66, a current ratio of 0.66 and a debt-to-equity ratio of 1.02. Maiden Holdings, Ltd. has a 52-week low of $1.19 and a 52-week high of $2.55. The stock’s fifty day simple moving average is $1.76 and its 200-day simple moving average is $1.83.

Maiden (NASDAQ:MHLD) last issued its quarterly earnings results on Tuesday, March 12th. The insurance provider reported ($0.08) earnings per share (EPS) for the quarter. The business had revenue of $19.75 million during the quarter. Maiden had a negative return on equity of 8.75% and a negative net margin of 43.22%.

Analysts Set New Price Targets

Separately, StockNews.com downgraded shares of Maiden from a “hold” rating to a “sell” rating in a research note on Wednesday, December 27th.

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.