Maiden (NASDAQ:MHLD) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a research report issued on Thursday.

Other equities research analysts also recently issued reports about the company. Keefe, Bruyette & Woods reaffirmed a “hold” rating and issued a $10.00 price target on shares of Maiden in a research report on Friday, November 3rd. FBR & Co reaffirmed a “hold” rating and issued a $11.00 price target on shares of Maiden in a research report on Monday, September 25th. Zacks Investment Research upgraded shares of Maiden from a “strong sell” rating to a “hold” rating in a research note on Tuesday, September 12th. JMP Securities reiterated a “mkt outperform” rating and issued a $9.00 target price on shares of Maiden in a research note on Thursday, August 10th. Finally, B. Riley reiterated a “neutral” rating and issued a $10.00 target price on shares of Maiden in a research note on Monday, November 6th. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has issued a buy rating to the company. Maiden currently has a consensus rating of “Hold” and a consensus price target of $10.40.

Shares of Maiden (MHLD) traded up $0.03 during trading hours on Thursday, hitting $6.85. The company had a trading volume of 385,894 shares, compared to its average volume of 647,821. The company has a quick ratio of 0.18, a current ratio of 0.18 and a debt-to-equity ratio of 0.27. Maiden has a twelve month low of $5.55 and a twelve month high of $18.95.

Maiden (NASDAQ:MHLD) last announced its quarterly earnings data on Wednesday, November 8th. The insurance provider reported ($0.66) earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.11 by ($0.77). The firm had revenue of $653.87 million for the quarter, compared to analysts’ expectations of $708.04 million. Maiden had a negative return on equity of 9.10% and a negative net margin of 3.95%. Maiden’s revenue was down 6.4% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.39 earnings per share. analysts anticipate that Maiden will post -0.35 earnings per share for the current year.

In related news, Director Raymond Michael Neff purchased 46,500 shares of the stock in a transaction that occurred on Monday, November 13th. The stock was acquired at an average price of $6.40 per share, with a total value of $297,600.00. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 10.00% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Principal Financial Group Inc. grew its holdings in shares of Maiden by 419.2% in the 2nd quarter. Principal Financial Group Inc. now owns 3,016,021 shares of the insurance provider’s stock valued at $33,479,000 after buying an additional 2,435,153 shares during the period. Thrivent Financial For Lutherans lifted its position in Maiden by 1,714.1% in the 2nd quarter. Thrivent Financial For Lutherans now owns 753,040 shares of the insurance provider’s stock valued at $8,359,000 after acquiring an additional 711,530 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in Maiden by 7.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,104,728 shares of the insurance provider’s stock valued at $78,863,000 after acquiring an additional 493,436 shares in the last quarter. Boston Partners lifted its position in Maiden by 6.6% in the 3rd quarter. Boston Partners now owns 4,877,487 shares of the insurance provider’s stock valued at $38,776,000 after acquiring an additional 302,529 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. bought a new stake in Maiden in the 2nd quarter valued at $2,419,000. 65.87% of the stock is owned by hedge funds and other institutional investors.

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About Maiden

Maiden Holdings, Ltd. (Maiden) is a holding company. The Company focuses on serving the needs of regional and specialty insurers in the United States, Europe and select other global markets by providing reinsurance solutions designed to support their capital needs. It operates through two segments: Diversified Reinsurance and AmTrust Reinsurance.

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