Maiden (MHLD) Trading 10.4% Higher

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Maiden Holdings, Ltd. (NASDAQ:MHLD) shares traded up 10.4% during trading on Wednesday . The stock traded as high as $1.53 and last traded at $1.48. 679,316 shares changed hands during trading, an increase of 3% from the average session volume of 656,927 shares. The stock had previously closed at $1.34.

Separately, ValuEngine raised Maiden from a “hold” rating to a “buy” rating in a research note on Thursday, November 1st. One investment analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $6.00.

The company has a debt-to-equity ratio of 0.83, a current ratio of 0.10 and a quick ratio of 0.10.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Municipal Employees Retirement System of Michigan acquired a new position in Maiden during the 4th quarter worth $32,000. Squarepoint Ops LLC acquired a new position in Maiden during the 4th quarter worth $33,000. Oregon Public Employees Retirement Fund acquired a new position in Maiden during the 4th quarter worth $43,000. LPL Financial LLC acquired a new position in Maiden during the 4th quarter worth $56,000. Finally, Magnus Financial Group LLC acquired a new position in Maiden during the 4th quarter worth $64,000. 56.49% of the stock is owned by hedge funds and other institutional investors.

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Maiden Company Profile (NASDAQ:MHLD)

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.

See Also: Cost of equity and a company’s balance sheet

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