Maiden (NASDAQ:MHLD) Stock Price Crosses Above 200-Day Moving Average of $1.83

Maiden Holdings, Ltd. (NASDAQ:MHLD)’s share price passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.83 and traded as high as $2.10. Maiden shares last traded at $2.09, with a volume of 137,352 shares changing hands.

Wall Street Analyst Weigh In

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

Maiden Price Performance

The company has a debt-to-equity ratio of 1.02, a current ratio of 0.66 and a quick ratio of 0.66. The firm’s fifty day moving average price is $1.76 and its 200 day moving average price is $1.83.

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

Insider Activity

In other Maiden news, Director Steven Harold Nigro purchased 20,000 shares of Maiden stock in a transaction dated Friday, March 15th. The stock was acquired at an average price of $1.52 per share, for a total transaction of $30,400.00. Following the acquisition, the director now owns 208,043 shares in the company, valued at approximately $316,225.36. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. In other news, Director Steven Harold Nigro acquired 20,000 shares of Maiden stock in a transaction that occurred on Friday, March 15th. The stock was purchased at an average price of $1.52 per share, for a total transaction of $30,400.00. Following the purchase, the director now directly owns 208,043 shares in the company, valued at approximately $316,225.36. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Simcha G. Lyons acquired 15,000 shares of Maiden stock in a transaction that occurred on Tuesday, March 19th. The shares were purchased at an average price of $1.80 per share, with a total value of $27,000.00. Following the purchase, the director now owns 206,525 shares in the company, valued at $371,745. The disclosure for this purchase can be found here. In the last quarter, insiders acquired 45,000 shares of company stock worth $72,400. 8.20% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of MHLD. BlackRock Inc. raised its stake in shares of Maiden by 357.9% during the 2nd quarter. BlackRock Inc. now owns 4,424,863 shares of the insurance provider’s stock worth $9,292,000 after acquiring an additional 3,458,614 shares in the last quarter. Geode Capital Management LLC grew its position in Maiden by 158.0% during the 2nd quarter. Geode Capital Management LLC now owns 1,747,993 shares of the insurance provider’s stock worth $3,671,000 after purchasing an additional 1,070,404 shares during the last quarter. State Street Corp grew its position in Maiden by 413.7% during the 2nd quarter. State Street Corp now owns 1,138,005 shares of the insurance provider’s stock worth $2,390,000 after purchasing an additional 916,463 shares during the last quarter. Millennium Management LLC purchased a new stake in Maiden during the 2nd quarter worth approximately $1,338,000. Finally, Northern Trust Corp grew its position in 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. Institutional investors own 21.78% of the company’s stock.

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.