Ambac Financial Group, Inc. (NYSE:AMBC) Shares Bought by Caxton Associates LP

Caxton Associates LP increased its holdings in Ambac Financial Group, Inc. (NYSE:AMBC) by 10.9% in the second quarter, HoldingsChannel.com reports. The firm owned 25,277 shares of the company’s stock after buying an additional 2,485 shares during the quarter. Caxton Associates LP’s holdings in Ambac Financial Group were worth $324,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of the business. Dimensional Fund Advisors LP raised its holdings in Ambac Financial Group by 3.0% in the 2nd 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 during the period. American Century Companies Inc. raised its holdings in shares of Ambac Financial Group by 19.0% during 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 during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Ambac Financial Group by 1.5% during 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 during the last quarter. Gendell Jeffrey L raised its holdings in shares of Ambac Financial Group by 118.0% during 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 during the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of Ambac Financial Group by 397.4% during 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 during the last quarter. Institutional investors and hedge funds own 84.49% of the company’s stock.

Insider Buying and Selling

In other Ambac Financial Group news, CFO David Trick acquired 3,700 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was bought at an average cost of $10.76 per share, for a total transaction of $39,812.00. Following the completion of the transaction, the chief financial officer now owns 156,082 shares of the company’s stock, valued at approximately $1,679,442.32. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Ambac Financial Group news, Director Jeffrey Scott Stein acquired 25,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was bought at an average cost of $10.82 per share, for a total transaction of $270,500.00. Following the completion of the transaction, the director now owns 35,000 shares of the company’s stock, valued at approximately $378,700. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO David Trick acquired 3,700 shares of the stock in a transaction that occurred on Wednesday, August 7th. The stock was acquired at an average price of $10.76 per share, with a total value of $39,812.00. Following the completion of the transaction, the chief financial officer now directly owns 156,082 shares of the company’s stock, valued at approximately $1,679,442.32. The disclosure for this purchase can be found here. Over the last three months, insiders acquired 37,500 shares of company stock worth $407,445. Company insiders own 5.00% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on AMBC. StockNews.com cut Ambac Financial Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 14th. Roth Mkm raised Ambac Financial Group from a “neutral” rating to a “buy” rating and increased their target price for the company from $13.00 to $15.00 in a report on Wednesday, September 18th. Finally, Roth Capital raised Ambac Financial Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 18th.

Ambac Financial Group Price Performance

NYSE:AMBC opened at $11.23 on Friday. Ambac Financial Group, Inc. has a one year low of $10.12 and a one year high of $18.45. The company has a debt-to-equity ratio of 2.37, a quick ratio of 0.62 and a current ratio of 0.62. The stock has a market cap of $507.88 million, a PE ratio of 8.57 and a beta of 1.24. The stock has a 50 day moving average price of $11.48 and a 200 day moving average price of $13.64.

Ambac Financial Group (NYSE:AMBC) last posted its quarterly earnings results on Monday, August 5th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). Ambac Financial Group had a net margin of 19.27% and a return on equity of 10.79%. The company had revenue of $105.00 million during the quarter. During the same period in the previous year, the company posted $0.07 earnings per share. Equities research analysts expect that Ambac Financial Group, Inc. will post 1.3 EPS for the current fiscal year.

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.