Ambac Financial Group, Inc. (NYSE:AMBC) Shares Acquired by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its position in Ambac Financial Group, Inc. (NYSE:AMBC) by 93.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 60,968 shares of the company’s stock after purchasing an additional 29,484 shares during the quarter. BNP Paribas Financial Markets owned about 0.13% of Ambac Financial Group worth $771,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Wolf Hill Capital Management LP purchased a new stake in shares of Ambac Financial Group in the fourth quarter worth about $12,650,000. Portolan Capital Management LLC acquired a new position in Ambac Financial Group in the fourth quarter valued at approximately $7,456,000. Norges Bank acquired a new position in Ambac Financial Group in the fourth quarter valued at approximately $3,328,000. Barclays PLC boosted its position in Ambac Financial Group by 30.9% in the 3rd quarter. Barclays PLC now owns 376,102 shares of the company’s stock worth $4,216,000 after purchasing an additional 88,863 shares in the last quarter. Finally, Northern Trust Corp grew its stake in shares of Ambac Financial Group by 13.4% during the 4th quarter. Northern Trust Corp now owns 536,486 shares of the company’s stock worth $6,787,000 after purchasing an additional 63,430 shares during the period. Institutional investors and hedge funds own 84.49% of the company’s stock.

Ambac Financial Group Stock Performance

AMBC opened at $7.78 on Friday. The firm has a fifty day moving average price of $7.79 and a 200 day moving average price of $10.29. Ambac Financial Group, Inc. has a 1 year low of $5.99 and a 1 year high of $18.40. The stock has a market cap of $361.25 million, a P/E ratio of -16.92 and a beta of 0.86. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.58 and a quick ratio of 0.58.

Ambac Financial Group (NYSE:AMBC) last posted its earnings results on Monday, May 12th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.06). Ambac Financial Group had a positive return on equity of 2.51% and a negative net margin of 6.28%. The firm had revenue of $15.68 million for the quarter, compared to analysts’ expectations of $33.00 million. Equities research analysts anticipate that Ambac Financial Group, Inc. will post 0.6 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director Jeffrey Scott Stein acquired 15,000 shares of the firm’s stock in a transaction on Wednesday, May 14th. The shares were acquired at an average cost of $6.46 per share, with a total value of $96,900.00. Following the completion of the acquisition, the director now directly owns 50,000 shares in the company, valued at approximately $323,000. This trade represents a 42.86% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 6.20% of the stock is currently owned by company insiders.

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.