Royce & Associates LP grew its holdings in shares of Ambac Financial Group, Inc. (NYSE:AMBC - Free Report) by 97.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 72,934 shares of the company's stock after buying an additional 36,015 shares during the quarter. Royce & Associates LP owned 0.15% of Ambac Financial Group worth $923,000 at the end of the most recent reporting period.
Several other hedge funds have also recently made changes to their positions in the business. Point72 DIFC Ltd bought a new position in Ambac Financial Group during the third quarter valued at $46,000. Aigen Investment Management LP purchased a new position in shares of Ambac Financial Group during the 4th quarter worth about $146,000. XTX Topco Ltd bought a new position in Ambac Financial Group during the 3rd quarter valued at about $172,000. Wexford Capital LP purchased a new stake in Ambac Financial Group in the 3rd quarter worth about $202,000. Finally, Intech Investment Management LLC lifted its stake in Ambac Financial Group by 47.6% in the third quarter. Intech Investment Management LLC now owns 23,708 shares of the company's stock worth $266,000 after purchasing an additional 7,644 shares during the last quarter. 84.49% of the stock is currently owned by hedge funds and other institutional investors.
Ambac Financial Group Trading Up 0.7 %
Shares of AMBC traded up $0.07 during mid-day trading on Wednesday, reaching $8.96. 738,505 shares of the company's stock traded hands, compared to its average volume of 591,830. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.58 and a quick ratio of 0.58. The stock's 50-day moving average is $10.53 and its two-hundred day moving average is $11.40. Ambac Financial Group, Inc. has a 12 month low of $7.92 and a 12 month high of $18.45. The stock has a market cap of $414.10 million, a P/E ratio of -19.47 and a beta of 1.26.
Ambac Financial Group (NYSE:AMBC - Get Free Report) last announced its quarterly earnings data on Wednesday, February 26th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.18). The business had revenue of $18.93 million during the quarter, compared to the consensus estimate of $24.83 million. Ambac Financial Group had a negative net margin of 6.28% and a positive return on equity of 2.51%. Research analysts forecast that Ambac Financial Group, Inc. will post 0.6 earnings per share for the current fiscal year.
Ambac Financial Group Company Profile
(
Free Report)
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.
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