Shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) reached a new 52-week low on Tuesday . The stock traded as low as $0.61 and last traded at $0.64, with a volume of 1485 shares. The stock had previously closed at $0.65.

Separately, B. Riley dropped their price target on Maiden from $2.50 to $1.00 and set a “neutral” rating for the company in a report on Tuesday, March 5th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $4.50.

The company has a current ratio of 0.09, a quick ratio of 0.09 and a debt-to-equity ratio of 2.83.

Maiden (NASDAQ:MHLD) last announced its quarterly earnings data on Friday, March 15th. The insurance provider reported ($2.56) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by ($2.54). The company had revenue of $521.71 million during the quarter. Maiden had a negative net margin of 21.64% and a negative return on equity of 97.94%.

In related news, Director Yehuda Neuberger acquired 111,917 shares of the company’s stock in a transaction on Friday, March 29th. The stock was purchased at an average cost of $0.81 per share, with a total value of $90,652.77. Following the acquisition, the director now directly owns 71,100 shares of the company’s stock, valued at $57,591. The acquisition was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Insiders acquired a total of 163,633 shares of company stock valued at $130,691 over the last ninety days. Insiders own 10.50% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Oregon Public Employees Retirement Fund bought a new position in shares of Maiden in the 4th quarter valued at $26,000. Municipal Employees Retirement System of Michigan bought a new position in shares of Maiden in the 4th quarter valued at $32,000. Squarepoint Ops LLC bought a new position in shares of Maiden in the 4th quarter valued at $33,000. LPL Financial LLC bought a new position in shares of Maiden in the 4th quarter valued at $56,000. Finally, Magnus Financial Group LLC bought a new position in shares of Maiden in the 4th quarter valued at $64,000. 52.47% of the stock is owned by hedge funds and other institutional investors.

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About Maiden (NASDAQ:MHLD)

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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