Ambac Financial Group, Inc. (NYSE:AMBC - Get Free Report) was the recipient of a large growth in short interest in March. As of March 15th, there was short interest totalling 3,450,000 shares, a growth of 20.6% from the February 28th total of 2,860,000 shares. Based on an average daily trading volume, of 926,100 shares, the short-interest ratio is presently 3.7 days. Currently, 8.2% of the company's shares are sold short.
Institutional Trading of Ambac Financial Group
Several hedge funds have recently bought and sold shares of AMBC. GAMMA Investing LLC raised its stake in shares of Ambac Financial Group by 191.9% in the first quarter. GAMMA Investing LLC now owns 4,463 shares of the company's stock worth $39,000 after purchasing an additional 2,934 shares during the last quarter. Point72 DIFC Ltd purchased a new stake in Ambac Financial Group in the 3rd quarter valued at $46,000. Point72 Asset Management L.P. bought a new position in Ambac Financial Group during the 4th quarter valued at $92,000. Aquatic Capital Management LLC bought a new stake in shares of Ambac Financial Group in the 4th quarter worth $105,000. Finally, Bayesian Capital Management LP purchased a new stake in shares of Ambac Financial Group in the fourth quarter valued at about $127,000. Institutional investors and hedge funds own 84.49% of the company's stock.
Ambac Financial Group Stock Down 6.6 %
Shares of Ambac Financial Group stock traded down $0.47 during trading on Monday, reaching $6.63. 1,460,704 shares of the company traded hands, compared to its average volume of 645,068. The firm has a market capitalization of $306.35 million, a PE ratio of -14.40 and a beta of 1.09. Ambac Financial Group has a 1-year low of $6.33 and a 1-year high of $18.45. The company has a 50 day moving average price of $10.04 and a 200-day moving average price of $11.25. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.58 and a quick ratio of 0.58.
Ambac Financial Group (NYSE:AMBC - Get Free Report) last issued its earnings results on Wednesday, February 26th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.18). The firm had revenue of $18.93 million during the quarter, compared to analyst estimates of $24.83 million. Ambac Financial Group had a negative net margin of 6.28% and a positive return on equity of 2.51%. As a group, equities research analysts expect that Ambac Financial Group will post 0.6 earnings per share for the current fiscal year.
About Ambac Financial Group
(
Get 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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