Maiden Holdings, Ltd. (NASDAQ:MHLD) shot up 3.9% during trading on Tuesday . The company traded as high as $0.78 and last traded at $0.79, 1,728 shares were traded during trading. A decline of 98% from the average session volume of 104,506 shares. The stock had previously closed at $0.76.
The company has a debt-to-equity ratio of 3.74, a quick ratio of 0.25 and a current ratio of 0.25. The stock has a 50 day moving average price of $0.65 and a 200 day moving average price of $0.62.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in MHLD. Renaissance Technologies LLC raised its stake in shares of Maiden by 194.9% during the 2nd quarter. Renaissance Technologies LLC now owns 1,036,898 shares of the insurance provider’s stock worth $664,000 after purchasing an additional 685,298 shares during the period. Vanguard Group Inc. raised its stake in shares of Maiden by 33.0% during the 2nd quarter. Vanguard Group Inc. now owns 2,632,610 shares of the insurance provider’s stock worth $1,685,000 after purchasing an additional 652,474 shares during the period. Jane Street Group LLC raised its stake in shares of Maiden by 553.2% during the 2nd quarter. Jane Street Group LLC now owns 260,796 shares of the insurance provider’s stock worth $167,000 after purchasing an additional 220,869 shares during the period. Clear Harbor Asset Management LLC bought a new stake in shares of Maiden during the 2nd quarter worth $121,000. Finally, GSA Capital Partners LLP raised its stake in shares of Maiden by 76.8% during the 2nd quarter. GSA Capital Partners LLP now owns 379,150 shares of the insurance provider’s stock worth $243,000 after purchasing an additional 164,709 shares during the period. Institutional investors own 34.76% of the company’s stock.
Maiden Holdings, Ltd., through its subsidiaries, provides reinsurance solutions to regional and specialty insurers primarily in Europe and internationally. The company writes treaties on a quota share basis and excess of loss basis. It also offers auto and credit life insurance products through its insurer partners to retail clients.
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