Short Interest in Maiden Holdings, Ltd. (MHLD) Grows By 31.4%

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Maiden Holdings, Ltd. (NASDAQ:MHLD) was the target of a significant growth in short interest in the month of January. As of January 31st, there was short interest totalling 1,584,414 shares, a growth of 31.4% from the January 15th total of 1,205,978 shares. Approximately 2.6% of the company’s shares are sold short. Based on an average daily volume of 872,130 shares, the short-interest ratio is currently 1.8 days.

Shares of Maiden stock opened at $1.31 on Thursday. The company has a quick ratio of 0.10, a current ratio of 0.10 and a debt-to-equity ratio of 0.83. Maiden has a 1-year low of $1.11 and a 1-year high of $9.10.

Separately, ValuEngine upgraded Maiden from a “hold” rating to a “buy” rating in a report on Thursday, November 1st. One research analyst has rated the stock with a sell rating, four have given a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $6.00.

In related news, EVP Karen Schmitt sold 31,500 shares of the stock in a transaction 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 completion of the sale, the executive vice president now directly owns 298,748 shares in the company, valued at $764,794.88. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 10.50% of the company’s stock.

A number of institutional investors have recently modified their holdings of MHLD. Oregon Public Employees Retirement Fund acquired a new stake in Maiden during the 4th quarter worth about $26,000. LPL Financial LLC acquired a new stake in Maiden during the 4th quarter worth about $56,000. Magnus Financial Group LLC acquired a new stake in Maiden during the 4th quarter worth about $64,000. CWM Advisors LLC grew its holdings in Maiden by 50.4% during the 4th quarter. CWM Advisors LLC now owns 54,800 shares of the insurance provider’s stock worth $90,000 after acquiring an additional 18,360 shares during the period. Finally, United Services Automobile Association grew its holdings in Maiden by 49.7% during the 4th quarter. United Services Automobile Association now owns 58,773 shares of the insurance provider’s stock worth $97,000 after acquiring an additional 19,514 shares during the period. Hedge funds and other institutional investors own 54.81% of the company’s stock.

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Maiden Company 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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