Capital Returns Management LLC Takes $1.47 Million Position in Maiden Holdings, Ltd. (MHLD)

Capital Returns Management LLC purchased a new stake in shares of Maiden Holdings, Ltd. (NASDAQ:MHLD) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 514,100 shares of the insurance provider’s stock, valued at approximately $1,465,000. Maiden makes up approximately 0.7% of Capital Returns Management LLC’s portfolio, making the stock its 16th biggest position.

Other large investors also recently modified their holdings of the company. GSA Capital Partners LLP boosted its position in Maiden by 140.7% during the third quarter. GSA Capital Partners LLP now owns 73,090 shares of the insurance provider’s stock worth $208,000 after purchasing an additional 42,725 shares in the last quarter. BlackRock Inc. boosted its position in Maiden by 10.4% during the third quarter. BlackRock Inc. now owns 8,537,607 shares of the insurance provider’s stock worth $24,332,000 after purchasing an additional 807,507 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Maiden by 2.2% during the third quarter. Bank of New York Mellon Corp now owns 775,520 shares of the insurance provider’s stock worth $2,210,000 after purchasing an additional 16,330 shares in the last quarter. Alliancebernstein L.P. boosted its position in Maiden by 25.4% during the third quarter. Alliancebernstein L.P. now owns 108,095 shares of the insurance provider’s stock worth $308,000 after purchasing an additional 21,900 shares in the last quarter. Finally, Salzhauer Michael boosted its position in Maiden by 82.5% during the third quarter. Salzhauer Michael now owns 157,641 shares of the insurance provider’s stock worth $438,000 after purchasing an additional 71,248 shares in the last quarter. Hedge funds and other institutional investors own 55.63% of the company’s stock.

MHLD has been the topic of a number of recent analyst reports. TheStreet downgraded Maiden from a “c-” rating to a “d+” rating in a research report on Friday, August 17th. BidaskClub downgraded Maiden from a “hold” rating to a “sell” rating in a research report on Wednesday, August 22nd. B. Riley lowered their price target on Maiden from $8.00 to $4.00 and set a “neutral” rating on the stock in a research report on Thursday, September 6th. Keefe, Bruyette & Woods reiterated a “market perform” rating on shares of Maiden in a research report on Tuesday, October 9th. They noted that the move was a valuation call. Finally, ValuEngine upgraded Maiden from a “hold” rating to a “buy” rating in a research report on Thursday, November 1st. One investment 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’s stock. The company has a consensus rating of “Hold” and a consensus target price of $6.00.

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

NASDAQ MHLD opened at $2.29 on Friday. Maiden Holdings, Ltd. has a 1-year low of $2.15 and a 1-year 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 earnings results on Friday, November 9th. The insurance provider reported ($2.83) earnings per share for the quarter. The firm had revenue of $556.37 million during the quarter. Maiden had a negative net margin of 14.78% and a negative return on equity of 58.17%.

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Maiden Profile

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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Institutional Ownership by Quarter for Maiden (NASDAQ:MHLD)

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