Maiden Holdings, Ltd. (NASDAQ:MHLD - Get Free Report) saw a large drop in short interest in the month of October. As of October 15th, there was short interest totalling 354,300 shares, a drop of 18.1% from the September 30th total of 432,500 shares. Approximately 0.4% of the company's stock are sold short. Based on an average daily trading volume, of 102,900 shares, the short-interest ratio is presently 3.4 days.
Maiden Stock Up 2.5 %
MHLD stock traded up $0.04 during midday trading on Monday, hitting $1.64. The company's stock had a trading volume of 51,613 shares, compared to its average volume of 138,079. The firm has a market capitalization of $164.34 million, a P/E ratio of -6.29 and a beta of 1.23. The firm has a 50-day simple moving average of $1.71 and a 200-day simple moving average of $1.91. Maiden has a 52-week low of $1.19 and a 52-week high of $2.55. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 1.07.
Maiden (NASDAQ:MHLD - Get Free Report) last released its quarterly earnings data on Thursday, August 8th. The insurance provider reported ($0.11) earnings per share (EPS) for the quarter. The firm had revenue of $19.03 million for the quarter. Maiden had a negative return on equity of 14.06% and a negative net margin of 34.06%.
Institutional Investors Weigh In On Maiden
Hedge funds and other institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC increased its stake in Maiden by 98.4% in the third quarter. SG Americas Securities LLC now owns 29,079 shares of the insurance provider's stock valued at $51,000 after purchasing an additional 14,422 shares during the period. RPOA Advisors Inc. acquired a new position in Maiden in the second quarter valued at $63,000. BNP Paribas Financial Markets increased its stake in Maiden by 48.6% in the first quarter. BNP Paribas Financial Markets now owns 44,131 shares of the insurance provider's stock valued at $99,000 after purchasing an additional 14,425 shares during the period. Price T Rowe Associates Inc. MD increased its stake in Maiden by 11.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 66,450 shares of the insurance provider's stock valued at $150,000 after purchasing an additional 6,645 shares during the period. Finally, Curated Wealth Partners LLC increased its stake in Maiden by 200.0% in the second quarter. Curated Wealth Partners LLC now owns 110,000 shares of the insurance provider's stock valued at $227,000 after purchasing an additional 220,000 shares during the period. 21.78% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Separately, StockNews.com cut shares of Maiden from a "hold" rating to a "sell" rating in a research report on Monday, August 12th.
Check Out Our Latest Research Report on Maiden
About Maiden
(
Get Free Report)
Maiden Holdings, Ltd., through its subsidiaries, provides property and casualty insurance and reinsurance solutions to regional and specialty insurers in Europe, North America, and internationally. It operates in two segments, Diversified Reinsurance and AmTrust Reinsurance. The company writes treaties on a quota share basis and excess of loss basis.
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