Municipal Employees Retirement System of Michigan purchased a new position in shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 19,210 shares of the insurance provider’s stock, valued at approximately $32,000.
Other large investors have also recently added to or reduced their stakes in the company. Oregon Public Employees Retirement Fund acquired a new stake in Maiden during the 4th quarter worth approximately $26,000. Squarepoint Ops LLC acquired a new stake in Maiden during the 4th quarter worth approximately $33,000. LPL Financial LLC acquired a new stake in Maiden during the 4th quarter worth approximately $56,000. Magnus Financial Group LLC acquired a new stake in Maiden during the 4th quarter worth approximately $64,000. Finally, CWM Advisors LLC lifted its position in Maiden by 50.4% during the 4th quarter. CWM Advisors LLC now owns 54,800 shares of the insurance provider’s stock worth $90,000 after acquiring an additional 18,360 shares during the period. Hedge funds and other institutional investors own 52.47% of the company’s stock.
Maiden stock opened at $0.70 on Friday. The company has a debt-to-equity ratio of 2.83, a current ratio of 0.09 and a quick ratio of 0.09. Maiden Holdings, Ltd. has a twelve month low of $0.61 and a twelve month high of $9.10.
Maiden (NASDAQ:MHLD) last posted its quarterly earnings results on Friday, March 15th. The insurance provider reported ($2.56) EPS for the quarter, missing the consensus estimate of ($0.02) by ($2.54). The business had revenue of $521.71 million during the quarter. Maiden had a negative net margin of 21.64% and a negative return on equity of 97.94%.
Separately, B. Riley decreased their price objective on Maiden from $2.50 to $1.00 and set a “neutral” rating for the company in a research report on Tuesday, March 5th. One investment 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’s stock. The stock presently has an average rating of “Hold” and an average target price of $4.50.
In other Maiden news, Director Yehuda Neuberger purchased 111,917 shares of Maiden stock in a transaction dated 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 acquisition, the director now directly owns 71,100 shares of the company’s stock, valued at $57,591. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Insiders bought a total of 163,633 shares of company stock valued at $130,691 over the last three months. Insiders own 10.50% of the company’s stock.
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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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