Maiden (NASDAQ:MHLD) Stock Price Crosses Above 200 Day Moving Average of $1.81

Maiden Holdings, Ltd. (NASDAQ:MHLD - Get Free Report)'s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $1.81 and traded as high as $2.20. Maiden shares last traded at $1.95, with a volume of 352,953 shares.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut Maiden from a "hold" rating to a "sell" rating in a report on Wednesday, December 27th.

Maiden Stock Performance

The stock has a 50 day simple moving average of $1.73 and a 200 day simple moving average of $1.82. The company has a current ratio of 0.66, a quick ratio of 0.66 and a debt-to-equity ratio of 1.02. The stock has a market cap of $211.99 million, a P/E ratio of -5.61 and a beta of 1.33.

Maiden (NASDAQ:MHLD - Get Free Report) last posted its quarterly earnings data on Tuesday, March 12th. The insurance provider reported ($0.08) EPS for the quarter. Maiden had a negative return on equity of 8.75% and a negative net margin of 43.22%. The company had revenue of $19.75 million for the quarter.

Insiders Place Their Bets

In other Maiden news, Director Simcha G. Lyons purchased 15,000 shares of the firm's stock in a transaction dated Tuesday, March 19th. The shares were bought at an average price of $1.80 per share, for a total transaction of $27,000.00. Following the purchase, the director now owns 206,525 shares in the company, valued at approximately $371,745. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, Director Steven Harold Nigro acquired 20,000 shares of Maiden stock in a transaction that occurred on Friday, March 15th. The shares were acquired at an average price of $1.52 per share, for a total transaction of $30,400.00. Following the transaction, the director now directly owns 208,043 shares of the company's stock, valued at approximately $316,225.36. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Simcha G. Lyons acquired 15,000 shares of Maiden stock in a transaction that occurred on Tuesday, March 19th. The shares were purchased at an average price of $1.80 per share, for a total transaction of $27,000.00. Following the transaction, the director now directly owns 206,525 shares in the company, valued at $371,745. The disclosure for this purchase can be found here. Insiders have purchased a total of 45,000 shares of company stock worth $72,400 in the last 90 days. Company insiders own 8.20% of the company's stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. BlackRock Inc. grew its position in shares of Maiden by 357.9% during the 2nd quarter. BlackRock Inc. now owns 4,424,863 shares of the insurance provider's stock worth $9,292,000 after buying an additional 3,458,614 shares during the period. Vanguard Group Inc. grew its position in Maiden by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 3,004,088 shares of the insurance provider's stock valued at $6,879,000 after purchasing an additional 39,901 shares during the period. Geode Capital Management LLC grew its position in Maiden by 158.0% in the 2nd quarter. Geode Capital Management LLC now owns 1,747,993 shares of the insurance provider's stock valued at $3,671,000 after purchasing an additional 1,070,404 shares during the period. State Street Corp grew its position in Maiden by 413.7% in the 2nd quarter. State Street Corp now owns 1,138,005 shares of the insurance provider's stock valued at $2,390,000 after purchasing an additional 916,463 shares during the period. Finally, Northern Trust Corp grew its position in Maiden by 3.3% in the 4th quarter. Northern Trust Corp now owns 710,732 shares of the insurance provider's stock valued at $1,628,000 after purchasing an additional 22,528 shares during the period. 21.78% of the stock is owned by institutional investors and hedge funds.

About Maiden

Maiden Holdings, Ltd., through its subsidiaries, provides property and casualty insurance and reinsurance solutions to regional and specialty insurers in Europe, North America, and internationally. It operates in two segments, Diversified Reinsurance and AmTrust Reinsurance. The company writes treaties on a quota share basis and excess of loss basis.