Shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) have received an average recommendation of “Hold” from the seven ratings firms that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and one has assigned a buy recommendation to the company. The average 1 year price objective among analysts that have issued a report on the stock in the last year is $6.00.

MHLD has been the topic of several analyst reports. B. Riley cut their price target on shares of Maiden from $8.00 to $4.00 and set a “neutral” rating on the stock in a report on Thursday, September 6th. BidaskClub upgraded shares of Maiden from a “strong sell” rating to a “sell” rating in a report on Wednesday, September 19th. ValuEngine upgraded shares of Maiden from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. Keefe, Bruyette & Woods restated a “market perform” rating on shares of Maiden in a report on Tuesday, October 9th. They noted that the move was a valuation call. Finally, TheStreet cut shares of Maiden from a “c-” rating to a “d+” rating in a report on Friday, August 17th.

In other Maiden news, EVP Karen Schmitt sold 31,500 shares of Maiden stock in a transaction dated Tuesday, November 20th. The shares were sold at an average price of $2.56, for a total value of $80,640.00. Following the sale, the executive vice president now owns 298,748 shares of the company’s stock, valued at $764,794.88. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 10.50% of the company’s stock.

A number of hedge funds have recently made changes to their positions in the business. Wells Fargo & Company MN raised its position in shares of Maiden by 10.9% in the second quarter. Wells Fargo & Company MN now owns 1,437,815 shares of the insurance provider’s stock valued at $11,142,000 after purchasing an additional 141,556 shares during the period. PVG Asset Management Corp bought a new stake in shares of Maiden in the second quarter valued at approximately $616,000. SG Americas Securities LLC bought a new stake in shares of Maiden in the second quarter valued at approximately $183,000. Schwab Charles Investment Management Inc. raised its position in shares of Maiden by 10.0% in the second quarter. Schwab Charles Investment Management Inc. now owns 809,165 shares of the insurance provider’s stock valued at $6,272,000 after purchasing an additional 73,525 shares during the period. Finally, Alps Advisors Inc. bought a new stake in shares of Maiden in the second quarter valued at approximately $620,000. 55.63% of the stock is currently owned by institutional investors and hedge funds.

Maiden stock traded down $0.06 during midday trading on Friday, hitting $2.23. 364,620 shares of the stock were exchanged, compared to its average volume of 688,027. Maiden has a 52-week low of $2.15 and a 52-week high of $9.10. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.10 and a current ratio of 0.10.

Maiden (NASDAQ:MHLD) last released its quarterly earnings results on Friday, November 9th. The insurance provider reported ($2.83) earnings per share for the quarter. Maiden had a negative return on equity of 58.17% and a negative net margin of 14.78%. The firm had revenue of $556.37 million for the quarter.

About Maiden

Maiden Holdings, Ltd., through its subsidiaries, provides reinsurance solutions to regional and specialty insurers in the United States, Europe, and internationally. It operates in two segments, Diversified Reinsurance and AmTrust Reinsurance. The Diversified Reinsurance segment offers property and casualty reinsurance, including the writing of treaties on a quota share or excess of loss basis; and facultative risks, which are marketed through third-party intermediaries and on a direct basis.

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