Rhumbline Advisers Increases Position in Maiden Holdings, Ltd. (MHLD)

Rhumbline Advisers grew its position in Maiden Holdings, Ltd. (NASDAQ:MHLD) by 21.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 197,883 shares of the insurance provider’s stock after purchasing an additional 34,292 shares during the quarter. Rhumbline Advisers owned about 0.24% of Maiden worth $327,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Nwam LLC grew its holdings in Maiden by 12.4% in the fourth quarter. Nwam LLC now owns 85,952 shares of the insurance provider’s stock worth $142,000 after purchasing an additional 9,481 shares during the last quarter. Legal & General Group Plc grew its holdings in Maiden by 7.8% in the third quarter. Legal & General Group Plc now owns 167,879 shares of the insurance provider’s stock worth $481,000 after purchasing an additional 12,202 shares during the last quarter. Bank of New York Mellon Corp grew its holdings in shares of Maiden by 2.2% during the third quarter. Bank of New York Mellon Corp now owns 775,520 shares of the insurance provider’s stock valued at $2,210,000 after buying an additional 16,330 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Maiden by 58.3% during the second quarter. Bank of America Corp DE now owns 53,238 shares of the insurance provider’s stock valued at $413,000 after buying an additional 19,606 shares during the last quarter. Finally, Alliancebernstein L.P. grew its holdings in shares of Maiden by 25.4% during the third quarter. Alliancebernstein L.P. now owns 108,095 shares of the insurance provider’s stock valued at $308,000 after buying an additional 21,900 shares during the last quarter. 52.47% of the stock is currently owned by institutional investors and hedge funds.

Separately, B. Riley dropped their price objective on shares of Maiden from $2.50 to $1.00 and set a “neutral” rating on the stock in a report on Tuesday, March 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company. The stock has a consensus rating of “Hold” and an average target price of $4.50.

In other Maiden news, Director Yehuda Neuberger bought 111,917 shares of the firm’s stock in a transaction that occurred on Friday, March 29th. The stock was bought at an average cost of $0.81 per share, for a total transaction of $90,652.77. Following the completion of the transaction, the director now directly owns 71,100 shares of the company’s stock, valued at approximately $57,591. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased 163,633 shares of company stock valued at $130,691 over the last 90 days. 10.50% of the stock is currently owned by insiders.

Shares of MHLD traded down $0.04 during trading hours on Monday, reaching $0.79. 292,320 shares of the company traded hands, compared to its average volume of 855,017. The company has a debt-to-equity ratio of 2.83, a current ratio of 0.09 and a quick ratio of 0.09. Maiden Holdings, Ltd. has a 12-month low of $0.61 and a 12-month high of $9.10.

Maiden (NASDAQ:MHLD) last posted its earnings results on Friday, March 15th. The insurance provider reported ($2.56) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.02) by ($2.54). The business had revenue of $521.71 million for the quarter. Maiden had a negative net margin of 21.64% and a negative return on equity of 97.94%.

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Maiden Company Profile

Maiden Holdings, Ltd., through its subsidiaries, provides reinsurance solutions to regional and specialty insurers in the United States, Europe, and internationally. It operates in two segments, Diversified Reinsurance and AmTrust Reinsurance. The Diversified Reinsurance segment offers property and casualty reinsurance, including the writing of treaties on a quota share or excess of loss basis; and facultative risks, which are marketed through third-party intermediaries and on a direct basis.

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Institutional Ownership by Quarter for Maiden (NASDAQ:MHLD)

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