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

Equities research analysts at StockNews.com assumed coverage on shares of Maiden (NASDAQ:MHLDGet 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:MHLDGet 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

(Get Rating)

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.

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