Maiden (NASDAQ:MHLD) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a report released on Tuesday.
A number of other research firms also recently commented on MHLD. ValuEngine downgraded shares of Maiden from a “sell” rating to a “strong sell” rating in a report on Friday, February 2nd. Keefe, Bruyette & Woods reissued a “hold” rating and set a $7.00 price objective on shares of Maiden in a report on Wednesday, December 6th. Finally, Zacks Investment Research downgraded shares of Maiden from a “hold” rating to a “strong sell” rating in a report on Tuesday, January 9th. One research analyst has rated the stock with a sell rating, five have given a hold rating and one has assigned a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $10.40.
Shares of Maiden (NASDAQ:MHLD) opened at $6.85 on Tuesday. The company has a market cap of $552.00, a PE ratio of -2.90 and a beta of 1.24. Maiden has a fifty-two week low of $5.55 and a fifty-two week high of $14.70. The company has a current ratio of 0.13, a quick ratio of 0.13 and a debt-to-equity ratio of 0.33.
Maiden (NASDAQ:MHLD) last released its quarterly earnings data on Wednesday, February 28th. The insurance provider reported ($1.65) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($1.84). The company had revenue of $703.14 million for the quarter, compared to analysts’ expectations of $720.40 million. Maiden had a negative return on equity of 16.99% and a negative net margin of 5.82%. analysts forecast that Maiden will post 1.1 EPS for the current year.
Hedge funds and other institutional investors have recently made changes to their positions in the business. SeaCrest Wealth Management LLC purchased a new stake in shares of Maiden in the fourth quarter valued at about $103,000. Engineers Gate Manager LP purchased a new stake in shares of Maiden in the third quarter valued at about $129,000. Unison Advisors LLC purchased a new stake in shares of Maiden in the fourth quarter valued at about $114,000. Virginia Retirement Systems ET AL purchased a new stake in shares of Maiden in the third quarter valued at about $152,000. Finally, Teacher Retirement System of Texas purchased a new stake in shares of Maiden in the fourth quarter valued at about $173,000. 66.16% of the stock is currently owned by institutional investors.
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Maiden Holdings, Ltd. (Maiden) is a holding company. The Company focuses on serving the needs of regional and specialty insurers in the United States, Europe and select other global markets by providing reinsurance solutions designed to support their capital needs. It operates through two segments: Diversified Reinsurance and AmTrust Reinsurance.
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