Maiden (NASDAQ:MHLD) Trading 10.2% Higher

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Maiden Holdings, Ltd. (NASDAQ:MHLD) shares traded up 10.2% during trading on Wednesday . The stock traded as high as $0.69 and last traded at $0.65, 229,800 shares changed hands during mid-day trading. A decline of 56% from the average session volume of 523,695 shares. The stock had previously closed at $0.59.

The company has a debt-to-equity ratio of 2.03, a current ratio of 0.16 and a quick ratio of 0.16. The firm has a 50-day moving average of $0.66 and a 200 day moving average of $0.62.

Maiden (NASDAQ:MHLD) last posted its earnings results on Monday, August 12th. The insurance provider reported ($0.27) EPS for the quarter, missing the consensus estimate of $0.14 by ($0.41). Maiden had a negative net margin of 42.41% and a negative return on equity of 308.89%. The business had revenue of $165.86 million during the quarter.

Institutional investors and hedge funds have recently bought and sold shares of the stock. OneAscent Financial Services LLC acquired a new stake in Maiden in the 2nd quarter valued at approximately $28,000. A.R.T. Advisors LLC increased its position in Maiden by 41.2% in the 2nd quarter. A.R.T. Advisors LLC now owns 86,710 shares of the insurance provider’s stock valued at $55,000 after acquiring an additional 25,292 shares during the period. Clear Harbor Asset Management LLC acquired a new stake in Maiden in the 2nd quarter valued at approximately $121,000. Paloma Partners Management Co increased its position in Maiden by 42.6% in the 2nd quarter. Paloma Partners Management Co now owns 224,000 shares of the insurance provider’s stock valued at $143,000 after acquiring an additional 66,949 shares during the period. Finally, Jane Street Group LLC increased its position in shares of Maiden by 553.2% during the 2nd quarter. Jane Street Group LLC now owns 260,796 shares of the insurance provider’s stock valued at $167,000 after purchasing an additional 220,869 shares during the period. Hedge funds and other institutional investors own 37.11% 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.

Further Reading: Hold Rating

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