Maiden Holdings, Ltd. (NASDAQ:MHLD) Director Purchases $61,000.00 in Stock

Maiden Holdings, Ltd. (NASDAQ:MHLD) Director Raymond Michael Neff bought 100,000 shares of the firm’s stock in a transaction dated Monday, March 23rd. The stock was purchased at an average price of $0.61 per share, with a total value of $61,000.00. Following the completion of the purchase, the director now directly owns 478,500 shares of the company’s stock, valued at approximately $291,885. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Shares of NASDAQ:MHLD opened at $0.90 on Friday. Maiden Holdings, Ltd. has a 1-year low of $0.38 and a 1-year high of $1.24. The company’s fifty day moving average is $0.84 and its two-hundred day moving average is $0.75. The company has a debt-to-equity ratio of 5.97, a current ratio of 0.28 and a quick ratio of 0.28.

Maiden (NASDAQ:MHLD) last issued its earnings results on Wednesday, March 18th. The insurance provider reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.08 by ($0.12). The business had revenue of $57.97 million for the quarter. Maiden had a negative return on equity of 14.21% and a negative net margin of 22.90%.

Several hedge funds have recently added to or reduced their stakes in the stock. Millennium Management LLC increased its holdings in shares of Maiden by 291.5% in the 3rd quarter. Millennium Management LLC now owns 873,952 shares of the insurance provider’s stock worth $655,000 after acquiring an additional 650,720 shares during the period. Nwam LLC increased its holdings in shares of Maiden by 152.0% in the 4th quarter. Nwam LLC now owns 225,982 shares of the insurance provider’s stock worth $169,000 after acquiring an additional 136,300 shares during the period. Finally, Sunbelt Securities Inc. acquired a new stake in shares of Maiden in the 4th quarter worth about $109,000. 27.92% of the stock is currently owned by institutional investors and hedge funds.

Several research analysts have recently weighed in on MHLD shares. ValuEngine upgraded shares of Maiden from a “hold” rating to a “buy” rating in a research note on Thursday, March 12th. B. Riley reiterated a “hold” rating and set a $1.00 price objective on shares of Maiden in a research note on Thursday, March 19th.

About Maiden

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.

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