Octave Specialty Group (NYSE:OSG) Stock Rating Upgraded by Keefe, Bruyette & Woods

Octave Specialty Group (NYSE:OSG) was upgraded by analysts at Keefe, Bruyette & Woods to a “moderate buy” rating in a research report issued to clients and investors on Thursday,Zacks.com reports.

A number of other equities research analysts have also weighed in on the stock. Zacks Research lowered shares of Octave Specialty Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Weiss Ratings upgraded shares of Octave Specialty Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 20th. Two research analysts have rated the stock with a Buy rating, two have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, Octave Specialty Group currently has an average rating of “Hold” and an average price target of $11.50.

Octave Specialty Group Stock Up 2.2%

Shares of NYSE:OSG opened at $4.61 on Thursday. The firm’s 50 day moving average price is $5.55 and its 200 day moving average price is $5.33. The stock has a market cap of $207.68 million, a price-to-earnings ratio of -1.26 and a beta of 0.85. Octave Specialty Group has a fifty-two week low of $3.88 and a fifty-two week high of $10.38. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.19.

Octave Specialty Group (NYSE:OSG) last issued its quarterly earnings results on Thursday, August 6th. The company reported ($0.04) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.01) by ($0.03). Octave Specialty Group had a positive return on equity of 0.44% and a negative net margin of 51.10%.The firm had revenue of $83.00 million during the quarter, compared to analysts’ expectations of $22.79 million. As a group, equities research analysts predict that Octave Specialty Group will post 0.19 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Octave Specialty Group

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Western Standard LLC purchased a new position in Octave Specialty Group in the fourth quarter valued at approximately $19,486,000. Wolf Hill Capital Management LP purchased a new stake in shares of Octave Specialty Group during the 4th quarter worth approximately $14,696,000. Dimensional Fund Advisors LP purchased a new stake in shares of Octave Specialty Group during the 4th quarter worth approximately $13,114,000. Gendell Jeffrey L purchased a new stake in shares of Octave Specialty Group during the 4th quarter worth approximately $12,210,000. Finally, Geode Capital Management LLC acquired a new position in shares of Octave Specialty Group in the 4th quarter valued at $7,973,000. 80.92% of the stock is owned by institutional investors and hedge funds.

Octave Specialty Group Company Profile

Ambac Financial Group, Inc (NYSE:AMBC) is a specialized financial services holding company headquartered in New York City. Through its principal subsidiary, Ambac Assurance Corporation, the company provides financial guarantee insurance and surety bonds designed to enhance the credit quality of public finance and structured finance transactions. Ambac’s offerings are tailored to municipal issuers, financial institutions and corporate borrowers, supporting infrastructure projects, energy and transportation initiatives, as well as asset-backed securities.

Ambac’s core business activities center on credit enhancement and risk-transfer solutions.