Maiden Holdings, Ltd. (MHLD) Short Interest Down 35.6% in March

Maiden Holdings, Ltd. (NASDAQ:MHLD) was the recipient of a large drop in short interest in March. As of March 29th, there was short interest totalling 1,942,824 shares, a drop of 35.6% from the March 15th total of 3,017,034 shares. Currently, 3.3% of the shares of the company are short sold. Based on an average daily trading volume, of 753,996 shares, the days-to-cover ratio is presently 2.6 days.

Maiden stock opened at $0.79 on Tuesday. Maiden has a 52 week low of $0.61 and a 52 week high of $9.10. 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 posted its quarterly earnings results on Friday, March 15th. The insurance provider reported ($2.56) EPS for the quarter, missing analysts’ consensus estimates of ($0.02) by ($2.54). The company had revenue of $521.71 million during the quarter. Maiden had a negative return on equity of 97.94% and a negative net margin of 21.64%.

In other news, Director Yehuda Neuberger bought 111,917 shares of the company’s stock in a transaction on Friday, March 29th. The shares were purchased at an average price of $0.81 per share, with a total value of $90,652.77. Following the transaction, the director now directly owns 71,100 shares in the company, valued at $57,591. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. In the last three months, insiders have acquired 163,633 shares of company stock worth $130,691. Insiders own 10.50% of the company’s stock.

Large investors have recently bought and sold shares of the stock. Municipal Employees Retirement System of Michigan bought a new stake in shares of Maiden in the 4th quarter worth approximately $32,000. Squarepoint Ops LLC bought a new stake in shares of Maiden in the 4th quarter worth approximately $33,000. Oregon Public Employees Retirement Fund bought a new stake in shares of Maiden in the 4th quarter worth approximately $43,000. LPL Financial LLC bought a new stake in shares of Maiden in the 4th quarter worth approximately $56,000. Finally, Magnus Financial Group LLC bought a new stake in shares of Maiden in the 4th quarter worth approximately $64,000. 52.47% of the stock is currently owned by institutional investors.

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

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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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