Maiden (NASDAQ:MHLD) Stock Passes Above 200-Day Moving Average of $2.15

Maiden Holdings, Ltd. (NASDAQ:MHLD – Get Rating)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $2.15 and traded as high as $2.38. Maiden shares last traded at $2.35, with a volume of 49,739 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, StockNews.com began coverage on Maiden in a research note on Tuesday, January 17th. They set a “sell” rating on the stock.

Maiden Trading Down 0.8 %

The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.46 and a current ratio of 0.46. The company has a 50 day simple moving average of $2.14 and a two-hundred day simple moving average of $2.15. The company has a market cap of $204.85 million, a PE ratio of 5.73 and a beta of 1.11.

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

Institutional Investors Weigh In On Maiden

Large investors have recently made changes to their positions in the company. Prudential Financial Inc. bought a new stake in shares of Maiden in the 2nd quarter valued at approximately $27,000. UBS Group AG grew its stake in shares of Maiden by 58.6% in the 3rd quarter. UBS Group AG now owns 15,945 shares of the insurance provider’s stock valued at $35,000 after buying an additional 5,894 shares in the last quarter. Assenagon Asset Management S.A. bought a new stake in shares of Maiden in the 2nd quarter valued at approximately $53,000. Cubist Systematic Strategies LLC bought a new stake in shares of Maiden in the 2nd quarter valued at approximately $53,000. Finally, Y Intercept Hong Kong Ltd bought a new stake in shares of Maiden in the 2nd quarter valued at approximately $60,000. Institutional investors own 39.22% of the company’s stock.

About Maiden

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Maiden Holdings Ltd. engages in the provision of non-catastrophic, customized reinsurance products and services to small and mid-size insurance companies. It operates through the Diversified Reinsurance and AmTrust Reinsurance segments. The Diversified Reinsurance segment consists of a portfolio of property and casualty reinsurance business.