BNP Paribas Financial Markets Buys 9,073 Shares of Ambac Financial Group, Inc. (NYSE:AMBC)

BNP Paribas Financial Markets grew its stake in Ambac Financial Group, Inc. (NYSE:AMBC) by 40.5% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,484 shares of the company’s stock after acquiring an additional 9,073 shares during the period. BNP Paribas Financial Markets owned 0.07% of Ambac Financial Group worth $353,000 at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the stock. Quarry LP grew its holdings in Ambac Financial Group by 830.7% during the second quarter. Quarry LP now owns 2,364 shares of the company’s stock worth $30,000 after purchasing an additional 2,110 shares during the period. nVerses Capital LLC grew its holdings in Ambac Financial Group by 525.0% during the second quarter. nVerses Capital LLC now owns 5,000 shares of the company’s stock worth $64,000 after purchasing an additional 4,200 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Ambac Financial Group by 20.0% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,826 shares of the company’s stock worth $126,000 after purchasing an additional 1,637 shares during the period. Creative Planning bought a new position in Ambac Financial Group during the third quarter worth about $156,000. Finally, SG Americas Securities LLC bought a new position in Ambac Financial Group during the third quarter worth about $185,000. Institutional investors own 84.49% of the company’s stock.

Ambac Financial Group Trading Up 1.4 %

Shares of NYSE:AMBC opened at $13.40 on Friday. Ambac Financial Group, Inc. has a 12-month low of $10.12 and a 12-month high of $18.45. The stock has a market cap of $635.74 million, a PE ratio of -29.13 and a beta of 1.25. The business has a 50 day moving average of $12.04 and a 200-day moving average of $12.15. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 2.10.

Insider Transactions at Ambac Financial Group

In other news, Director Kristi Ann Matus acquired 2,700 shares of Ambac Financial Group stock in a transaction dated Thursday, September 26th. The stock was bought at an average price of $11.27 per share, for a total transaction of $30,429.00. Following the completion of the acquisition, the director now directly owns 2,700 shares in the company, valued at approximately $30,429. The trade was a ∞ increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 5.00% of the company’s stock.

Analysts Set New Price Targets

A number of research firms recently commented on AMBC. Roth Capital upgraded Ambac Financial Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 18th. Roth Mkm upgraded Ambac Financial Group from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $13.00 to $15.00 in a report on Wednesday, September 18th.

Ambac Financial Group 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.