Ambac Financial Group, Inc. (NYSE:AMBC) Director Jeffrey Scott Stein Purchases 15,000 Shares

Ambac Financial Group, Inc. (NYSE:AMBC) Director Jeffrey Scott Stein acquired 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 14th. The shares were bought at an average price of $6.46 per share, for a total transaction of $96,900.00. Following the completion of the purchase, the director now owns 50,000 shares in the company, valued at $323,000. This trade represents a 42.86% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Ambac Financial Group Stock Down 3.7%

AMBC stock opened at $6.45 on Thursday. The stock has a 50-day simple moving average of $7.85 and a two-hundred day simple moving average of $10.44. Ambac Financial Group, Inc. has a twelve month low of $5.99 and a twelve month high of $18.40. The firm has a market capitalization of $329.54 million, a PE ratio of -14.02 and a beta of 0.86. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 2.10.

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

Hedge Funds Weigh In On Ambac Financial Group

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AMBC. California State Teachers Retirement System boosted its position in shares of Ambac Financial Group by 3.9% during the 4th quarter. California State Teachers Retirement System now owns 44,277 shares of the company’s stock valued at $560,000 after acquiring an additional 1,651 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Ambac Financial Group by 8.2% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,807 shares of the company’s stock worth $326,000 after buying an additional 1,958 shares in the last quarter. Bank of Montreal Can grew its stake in Ambac Financial Group by 19.5% in the 4th quarter. Bank of Montreal Can now owns 12,357 shares of the company’s stock worth $156,000 after buying an additional 2,018 shares in the last quarter. MetLife Investment Management LLC increased its holdings in shares of Ambac Financial Group by 9.2% in the 4th quarter. MetLife Investment Management LLC now owns 26,838 shares of the company’s stock worth $340,000 after buying an additional 2,269 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Ambac Financial Group by 191.9% during the 1st quarter. GAMMA Investing LLC now owns 4,463 shares of the company’s stock valued at $39,000 after buying an additional 2,934 shares in the last quarter. 84.49% of the stock is currently owned by hedge funds and other institutional investors.

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.