Maiden Holdings, Ltd. (NASDAQ:MHLD)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $1.04 and traded as high as $1.43. Maiden shares last traded at $1.41, with a volume of 50,489 shares traded.
Several research analysts have issued reports on the stock. ValuEngine downgraded shares of Maiden from a “buy” rating to a “hold” rating in a research report on Thursday, July 2nd. B. Riley raised their target price on shares of Maiden from $1.00 to $1.50 in a research note on Monday, June 15th.
The company has a debt-to-equity ratio of 12.75, a current ratio of 0.33 and a quick ratio of 0.33. The company’s 50 day moving average is $1.29 and its 200 day moving average is $1.04. The stock has a market cap of $121.32 million, a price-to-earnings ratio of -1.57 and a beta of 0.83.
Maiden (NASDAQ:MHLD) last announced its quarterly earnings data on Friday, May 15th. The insurance provider reported $0.04 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.06 by ($0.02). Maiden had a negative net margin of 17.29% and a positive return on equity of 27.18%. The company had revenue of $49.59 million during the quarter.
In other Maiden news, insider Steven Harold Nigro bought 22,500 shares of the company’s stock in a transaction on Tuesday, June 9th. The stock was purchased at an average cost of $1.26 per share, for a total transaction of $28,350.00. Also, Director Keith A. Thomas bought 43,934 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were acquired at an average price of $1.31 per share, with a total value of $57,553.54. Following the completion of the acquisition, the director now directly owns 1,900 shares in the company, valued at approximately $2,489. The disclosure for this purchase can be found here. Insiders purchased 87,999 shares of company stock valued at $113,158 in the last quarter. Company insiders own 11.20% of the company’s stock.
Several hedge funds and other institutional investors have recently modified their holdings of MHLD. Deltec Asset Management LLC purchased a new stake in shares of Maiden during the first quarter worth about $50,000. Sunbelt Securities Inc. purchased a new stake in shares of Maiden during the fourth quarter worth about $109,000. Finally, Nwam LLC grew its holdings in shares of Maiden by 23.1% during the first quarter. Nwam LLC now owns 278,182 shares of the insurance provider’s stock worth $253,000 after buying an additional 52,200 shares in the last quarter. Institutional investors and hedge funds own 24.89% of the company’s stock.
About Maiden (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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