Ambac Financial Group, Inc. (NYSE:AMBC – Get Free Report) Director Kristi Ann Matus bought 2,700 shares of Ambac Financial Group stock in a transaction that occurred on Thursday, September 26th. The shares were acquired at an average cost of $11.27 per share, for a total transaction of $30,429.00. Following the completion of the transaction, the director now directly owns 2,700 shares in the company, valued at $30,429. The transaction was disclosed in a filing with the SEC, which is available at this link.
Ambac Financial Group Stock Up 0.4 %
Ambac Financial Group stock opened at $11.23 on Friday. The firm has a market cap of $507.88 million, a price-to-earnings ratio of 8.57 and a beta of 1.24. Ambac Financial Group, Inc. has a 52 week low of $10.12 and a 52 week high of $18.45. The business’s 50-day moving average price is $11.48 and its 200 day moving average price is $13.64. The company has a quick ratio of 0.62, a current ratio of 0.62 and a debt-to-equity ratio of 2.37.
Ambac Financial Group (NYSE:AMBC – Get Free Report) last issued its quarterly earnings results on Monday, August 5th. The company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The business had revenue of $105.00 million for the quarter. Ambac Financial Group had a return on equity of 10.79% and a net margin of 19.27%. During the same quarter in the prior year, the company earned $0.07 EPS. As a group, sell-side analysts anticipate that Ambac Financial Group, Inc. will post 1.3 earnings per share for the current year.
Wall Street Analyst Weigh In
Read Our Latest Research Report on Ambac Financial Group
Hedge Funds Weigh In On Ambac Financial Group
A number of hedge funds have recently bought and sold shares of the business. Dimensional Fund Advisors LP boosted its position in Ambac Financial Group by 3.0% during the second quarter. Dimensional Fund Advisors LP now owns 2,952,961 shares of the company’s stock worth $37,857,000 after purchasing an additional 87,077 shares in the last quarter. American Century Companies Inc. lifted its position in shares of Ambac Financial Group by 19.0% in the second quarter. American Century Companies Inc. now owns 797,096 shares of the company’s stock valued at $10,219,000 after acquiring an additional 127,145 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its position in shares of Ambac Financial Group by 1.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 649,577 shares of the company’s stock valued at $10,705,000 after acquiring an additional 9,493 shares in the last quarter. Gendell Jeffrey L lifted its position in shares of Ambac Financial Group by 118.0% in the first quarter. Gendell Jeffrey L now owns 434,313 shares of the company’s stock valued at $6,788,000 after acquiring an additional 235,058 shares in the last quarter. Finally, Marshall Wace LLP lifted its position in shares of Ambac Financial Group by 397.4% in the second quarter. Marshall Wace LLP now owns 345,715 shares of the company’s stock valued at $4,432,000 after acquiring an additional 276,210 shares in the last quarter. Hedge funds and other institutional investors own 84.49% of the company’s stock.
Ambac Financial Group Company Profile
Ambac Financial Group, Inc operates as a financial services holding company. It operates three businesses: Specialty Property and Casualty Insurance, Insurance Distribution, and Legacy Financial Guarantee (LFG) Insurance. The Specialty Property and Casualty Insurance business provides specialty property and casualty program insurance with a focus commercial and personal liability risks.
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