Maiden (NASDAQ:MHLD) Shares Down 8.8%

Maiden Holdings, Ltd. (NASDAQ:MHLD) shares fell 8.8% during trading on Wednesday . The company traded as low as $0.62 and last traded at $0.62. 628,304 shares traded hands during mid-day trading, a decline of 10% from the average session volume of 700,350 shares. The stock had previously closed at $0.68.

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

The company has a quick ratio of 0.06, a current ratio of 0.06 and a debt-to-equity ratio of 2.14. The firm’s 50 day simple moving average is $0.66.

Maiden (NASDAQ:MHLD) last announced its quarterly earnings results on Friday, May 10th. The insurance provider reported ($0.32) EPS for the quarter. Maiden had a negative net margin of 30.35% and a negative return on equity of 164.52%. The firm had revenue of $215.87 million during the quarter.

In related news, Director Yehuda Neuberger bought 111,917 shares of the stock in a transaction that occurred on Friday, March 29th. The stock was acquired at an average cost of $0.81 per share, with a total value of $90,652.77. Following the transaction, the director now directly owns 71,100 shares in the company, valued at $57,591. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 10.50% of the stock is currently owned by corporate insiders.

A number of large investors have recently made changes to their positions in MHLD. Norges Bank bought a new position in Maiden during the 4th quarter worth $1,352,000. 683 Capital Management LLC bought a new position in Maiden during the 4th quarter worth $701,000. 6 Meridian bought a new position in Maiden during the 1st quarter worth $270,000. Deutsche Bank AG raised its position in Maiden by 116.4% during the 4th quarter. Deutsche Bank AG now owns 466,570 shares of the insurance provider’s stock worth $768,000 after purchasing an additional 250,985 shares during the last quarter. Finally, Two Sigma Investments LP raised its position in Maiden by 73.9% during the 4th quarter. Two Sigma Investments LP now owns 554,990 shares of the insurance provider’s stock worth $916,000 after purchasing an additional 235,853 shares during the last quarter. 47.24% of the stock is owned by institutional investors and hedge funds.

Maiden Company Profile (NASDAQ:MHLD)

Maiden Holdings, Ltd., through its subsidiaries, provides reinsurance solutions to regional and specialty insurers primarily in Europe and internationally. The company writes treaties on a quota share basis and excess of loss basis. It also offers auto and credit life insurance products through its insurer partners to retail clients.

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