News stories about Ambac Financial Group (NASDAQ:AMBC) have trended positive on Thursday, Accern Sentiment reports. Accern identifies negative and positive press coverage by monitoring more than twenty million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Ambac Financial Group earned a news impact score of 0.29 on Accern’s scale. Accern also assigned news headlines about the financial services provider an impact score of 46.3398087407902 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
Separately, MKM Partners reaffirmed a “hold” rating on shares of Ambac Financial Group in a research note on Thursday, October 5th.
Ambac Financial Group (NASDAQ AMBC) opened at $14.19 on Thursday. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 7.46. Ambac Financial Group has a one year low of $13.17 and a one year high of $27.25.
Ambac Financial Group (NASDAQ:AMBC) last released its quarterly earnings data on Wednesday, November 8th. The financial services provider reported ($3.30) earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($4.22). The business had revenue of $132.97 million during the quarter, compared to the consensus estimate of $125.84 million. Ambac Financial Group had a negative return on equity of 9.68% and a negative net margin of 60.33%. The business’s revenue was down 8.3% on a year-over-year basis. During the same period last year, the company earned $3.23 EPS.
In other news, CEO Claude Leblanc purchased 15,000 shares of the company’s stock in a transaction that occurred on Wednesday, October 4th. The stock was bought at an average cost of $16.64 per share, with a total value of $249,600.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director C James Prieur purchased 10,000 shares of the company’s stock in a transaction that occurred on Monday, November 13th. The shares were purchased at an average cost of $14.02 per share, with a total value of $140,200.00. The disclosure for this purchase can be found here. Corporate insiders own 1.00% of the company’s stock.
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Ambac Financial Group Company Profile
Ambac Financial Group, Inc, a financial services holding company, provides financial guarantees and other financial services to clients in both the public and private sectors worldwide. It operates through two segments, Financial Guarantee and Financial Services. The Financial Guarantee segment provides financial guarantees, including insurance policies and credit derivative contracts for public finance, structured finance, and international obligations.
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