Maiden (NASDAQ:MHLD) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Thursday.
A number of other analysts also recently issued reports on the company. B. Riley reduced their price objective on Maiden from $8.00 to $4.00 and set a “neutral” rating on the stock in a research note on Thursday, September 6th. BidaskClub raised Maiden from a “strong sell” rating to a “sell” rating in a research note on Wednesday, September 19th. TheStreet downgraded Maiden from a “c-” rating to a “d+” rating in a research note on Friday, August 17th. Finally, Keefe, Bruyette & Woods reaffirmed a “market perform” rating on shares of Maiden in a research note on Tuesday, October 9th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and one has issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $6.33.
NASDAQ:MHLD traded up $0.05 during trading hours on Thursday, reaching $3.56. The stock had a trading volume of 393,815 shares, compared to its average volume of 682,633. The company has a debt-to-equity ratio of 0.40, a current ratio of 0.15 and a quick ratio of 0.15. Maiden has a 52 week low of $2.15 and a 52 week high of $9.10. The company has a market cap of $305.14 million, a price-to-earnings ratio of -1.65 and a beta of 1.10.
Maiden (NASDAQ:MHLD) last released its quarterly earnings data on Thursday, August 9th. The insurance provider reported ($0.13) earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.26 by ($0.39). Maiden had a negative return on equity of 21.35% and a negative net margin of 5.43%. The firm had revenue of $713.69 million during the quarter. As a group, analysts anticipate that Maiden will post 1.1 EPS for the current year.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Wells Fargo & Company MN increased its position in shares of Maiden by 10.9% during the 2nd quarter. Wells Fargo & Company MN now owns 1,437,815 shares of the insurance provider’s stock valued at $11,142,000 after purchasing an additional 141,556 shares during the last quarter. PVG Asset Management Corp bought a new position in shares of Maiden during the 2nd quarter valued at approximately $616,000. Legal & General Group Plc increased its position in shares of Maiden by 10.8% during the 1st quarter. Legal & General Group Plc now owns 148,746 shares of the insurance provider’s stock valued at $969,000 after purchasing an additional 14,538 shares during the last quarter. SG Americas Securities LLC bought a new position in shares of Maiden during the 2nd quarter valued at approximately $183,000. Finally, Schwab Charles Investment Management Inc. increased its position in shares of Maiden by 10.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 809,165 shares of the insurance provider’s stock valued at $6,272,000 after purchasing an additional 73,525 shares during the last quarter. 62.03% of the stock is currently owned by hedge funds and other institutional investors.
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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