FNY Investment Advisers LLC buys 588,709 shares of Maiden Holdings, Ltd. (NASDAQ:MHLD)

FNY Investment Advisers LLC bought a new stake in Maiden Holdings, Ltd. (NASDAQ:MHLD – Get Rating ) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 588,709 shares of the insurance provider’s stock, valued at approximately $1,242,000. Maiden comprises approximately 1.7% of FNY Investment Advisers LLC’s holdings, making the stock its 12th biggest position. FNY Investment Advisers LLC owned about 0.68% of Maiden as of its most recent SEC filing.

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A number of other hedge funds and other institutional investors have also recently made changes to their positions in the business. 683 Capital Management LLC raised its stake in shares of Maiden by 1.1% in the third quarter. 683 Capital Management LLC now owns 4,400,000 shares of the insurance provider’s stock valued at $9,460,000 after buying an additional 49,466 shares during the period. Vanguard Group Inc. raised its stake in shares of Maiden by 0.6% in the third quarter. Vanguard Group Inc. now owns 2,954,344 shares of the insurance provider’s stock valued at $6,352,000 after buying an additional 18,701 shares during the period. State Street Corp raised its stake in shares of Maiden by 3.5% in the first quarter. State Street Corp now owns 968,564 shares of the insurance provider’s stock valued at $2,334,000 after buying an additional 33,134 shares during the period. Millennium Management LLC acquired a new position in shares of Maiden during the second quarter valued at about $1,338,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of Maiden by 754.1% in the second quarter. Goldman Sachs Group Inc. now owns 424,127 shares of the insurance provider’s stock valued at $823,000 after purchasing an additional 374,472 shares during the period. 39.22% of the shares are owned by institutional investors and hedge funds.

Maiden shares fell 0.4%

Shares of MHLD traded down $0.01 during trading on Friday, reaching $2.29. 139,462 shares of the stock were exchanged, with an average volume of 112,796. The company’s 50-day moving average is $2.38 and the 200-day moving average is $2.22. Maiden Holdings, Ltd. has a twelve month low of $1.80 and a twelve month high of $2.70. The company has a current ratio of 0.46, a quick ratio of 0.46 and a debt-to-equity ratio of 1.23. The firm has a market cap of $199.62 million, a P/E ratio of 5.61 and a beta of 1.09.

The Wall Street analyst weighs in

Separately, StockNews.com began coverage on Maiden in a research note on Thursday. They issued a “sell” rating on the stock.

Profile of the girl

(Get Rating)

Maiden Holdings Ltd. is engaged in providing non-catastrophic, customized reinsurance products and services to small and medium-sized insurance companies. It operates through the Diversified Reinsurance and AmTrust Reinsurance segments. The diversified reinsurance segment consists of a portfolio of casualty and property reinsurance business.

Selected articles

Institutional Ownership by Quarter for Maiden (NASDAQ:MHLD)

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