StockNews.com Initiates Coverage on Maiden (NASDAQ:MHLD)

Equities research analysts at StockNews.com assumed coverage on shares of Maiden (NASDAQ:MHLD – Get Rating) in a research note issued on Monday. The brokerage set a “sell” rating on the insurance provider’s stock.

Maiden Stock Performance

Shares of NASDAQ MHLD opened at $2.20 on Monday. The business’s 50-day simple moving average is $2.10 and its 200-day simple moving average is $2.13. Maiden has a 52 week low of $1.80 and a 52 week high of $3.04. The firm has a market cap of $191.78 million, a price-to-earnings ratio of 5.37 and a beta of 1.11. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.46 and a current ratio of 0.46.

Maiden (NASDAQ:MHLD – Get Rating) last posted its earnings results on Wednesday, November 9th. The insurance provider reported ($0.24) EPS for the quarter. Maiden had a negative return on equity of 18.75% and a net margin of 4.55%. The company had revenue of $19.26 million for the quarter.

Institutional Investors Weigh In On Maiden

A number of institutional investors have recently made changes to their positions in MHLD. Charles Schwab Investment Management Inc. lifted its holdings in Maiden by 4.7% during the first quarter. Charles Schwab Investment Management Inc. now owns 189,053 shares of the insurance provider’s stock worth $456,000 after acquiring an additional 8,537 shares in the last quarter. State Street Corp increased its position in Maiden by 3.5% during the first quarter. State Street Corp now owns 968,564 shares of the insurance provider’s stock worth $2,334,000 after buying an additional 33,134 shares during the last quarter. Goldman Sachs Group Inc. increased its position in Maiden by 21.7% during the first quarter. Goldman Sachs Group Inc. now owns 49,655 shares of the insurance provider’s stock worth $120,000 after buying an additional 8,851 shares during the last quarter. Zebra Capital Management LLC increased its position in Maiden by 80.3% during the first quarter. Zebra Capital Management LLC now owns 40,354 shares of the insurance provider’s stock worth $97,000 after buying an additional 17,978 shares during the last quarter. Finally, Camelot Portfolios LLC acquired a new position in Maiden during the second quarter worth approximately $45,000. 39.22% of the stock is owned by institutional investors and hedge funds.

About Maiden

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Maiden Holdings, Ltd., through its subsidiaries, provides property and casualty reinsurance solutions to regional and specialty insurers in Europe, the United States, 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.