Maiden (NASDAQ:MHLD) Stock Rating Upgraded by StockNews.com

Maiden (NASDAQ:MHLD) was upgraded by equities researchers at StockNews.com to a “sell” rating in a research report issued on Wednesday.

Maiden Stock Up 6.6%

Maiden stock opened at $1.29 on Wednesday. Maiden has a twelve month low of $0.55 and a twelve month high of $2.23. The firm has a 50 day moving average price of $0.96 and a 200-day moving average price of $1.17. The company has a market capitalization of $128.34 million, a P/E ratio of -1.98 and a beta of 1.31. 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 earnings results on Monday, May 12th. The insurance provider reported ($0.03) earnings per share for the quarter. Maiden had a negative net margin of 71.58% and a negative return on equity of 16.55%. The company had revenue of $10.72 million for the quarter.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN boosted its holdings in 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 purchasing an additional 11,252 shares during the period. Barclays PLC raised its position in shares of 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 buying an additional 16,699 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Maiden by 340.6% during the 4th quarter. Tower Research Capital LLC TRC now owns 22,009 shares of the insurance provider’s stock valued at $37,000 after buying an additional 17,014 shares in the last quarter. SG Americas Securities LLC raised its position in shares of Maiden by 58.5% during the 4th quarter. SG Americas Securities LLC now owns 46,096 shares of the insurance provider’s stock valued at $78,000 after buying an additional 17,017 shares in the last quarter. Finally, Bank of America Corp DE raised its position in shares of Maiden by 26.7% during the 4th quarter. Bank of America Corp DE now owns 83,451 shares of the insurance provider’s stock valued at $141,000 after buying an additional 17,565 shares in the last quarter. 21.78% of the stock is owned by 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.