Insider Buying: Maiden Holdings, Ltd. (MHLD) Director Purchases 111,917 Shares of Stock

Maiden Holdings, Ltd. (NASDAQ:MHLD) 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 price of $0.81 per share, for a total transaction of $90,652.77. Following the completion of the acquisition, the director now directly owns 71,100 shares in the company, valued at $57,591. The transaction was disclosed in a legal filing with the SEC, which is available through this link.

Yehuda Neuberger also recently made the following trade(s):

  • On Wednesday, March 27th, Yehuda Neuberger bought 41,716 shares of Maiden stock. The stock was bought at an average price of $0.78 per share, for a total transaction of $32,538.48.

Shares of NASDAQ MHLD opened at $0.70 on Friday. The company has a quick ratio of 0.09, a current ratio of 0.09 and a debt-to-equity ratio of 2.83. Maiden Holdings, Ltd. has a 52-week low of $0.61 and a 52-week high of $9.10.

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

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

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Jefferies Group LLC acquired a new stake in Maiden during the third quarter valued at $132,000. Capital Returns Management LLC acquired a new stake in Maiden during the third quarter valued at $1,465,000. Marshall Wace LLP boosted its position in Maiden by 3,571.9% during the third quarter. Marshall Wace LLP now owns 375,264 shares of the insurance provider’s stock valued at $1,070,000 after purchasing an additional 365,044 shares during the last quarter. GSA Capital Partners LLP boosted its position in Maiden by 285.5% during the fourth quarter. GSA Capital Partners LLP now owns 281,790 shares of the insurance provider’s stock valued at $465,000 after purchasing an additional 208,700 shares during the last quarter. Finally, Alliancebernstein L.P. boosted its position in 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 purchasing an additional 21,900 shares during the last quarter. 52.47% of the stock is owned by hedge funds and other institutional investors.

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About Maiden

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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