Maryland State Retirement & Pension System Takes Position in Ambac Financial Group, Inc. (NYSE:AMBC)

Maryland State Retirement & Pension System bought a new position in Ambac Financial Group, Inc. (NYSE:AMBC) during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 15,927 shares of the company’s stock, valued at approximately $201,000.

Several other large investors have also added to or reduced their stakes in the business. Intech Investment Management LLC raised its position in Ambac Financial Group by 47.6% in the 3rd quarter. Intech Investment Management LLC now owns 23,708 shares of the company’s stock valued at $266,000 after buying an additional 7,644 shares during the last quarter. Dynamic Technology Lab Private Ltd raised its holdings in shares of Ambac Financial Group by 81.1% in the third quarter. Dynamic Technology Lab Private Ltd now owns 24,044 shares of the company’s stock valued at $270,000 after purchasing an additional 10,768 shares during the last quarter. Quantbot Technologies LP lifted its position in shares of Ambac Financial Group by 48.8% during the third quarter. Quantbot Technologies LP now owns 49,899 shares of the company’s stock valued at $559,000 after purchasing an additional 16,375 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in Ambac Financial Group by 40.5% during the third quarter. BNP Paribas Financial Markets now owns 31,484 shares of the company’s stock worth $353,000 after purchasing an additional 9,073 shares during the last quarter. Finally, Public Sector Pension Investment Board grew its position in Ambac Financial Group by 0.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 172,656 shares of the company’s stock worth $1,935,000 after purchasing an additional 1,200 shares in the last quarter. Institutional investors own 84.49% of the company’s stock.

Ambac Financial Group Trading Up 0.3 %

NYSE:AMBC opened at $8.93 on Wednesday. Ambac Financial Group, Inc. has a 52 week low of $7.92 and a 52 week high of $18.45. The firm has a 50-day moving average price of $10.53 and a two-hundred day moving average price of $11.40. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.58 and a current ratio of 0.58. The firm has a market cap of $412.94 million, a price-to-earnings ratio of -19.41 and a beta of 1.26.

Ambac Financial Group (NYSE:AMBC) last issued its quarterly earnings results on Wednesday, February 26th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.18). Ambac Financial Group had a positive return on equity of 2.51% and a negative net margin of 6.28%. The business had revenue of $18.93 million for the quarter, compared to the consensus estimate of $24.83 million. On average, equities analysts expect that Ambac Financial Group, Inc. will post 0.6 earnings per share for the current fiscal year.

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.