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.
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.
Featured Story: Pattern Day Trader – What is the PDT Rule?
Receive News & Ratings for Maiden Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Maiden and related companies with MarketBeat.com's FREE daily email newsletter.