Gator Capital Management LLC reduced its position in shares of Ambac Financial Group, Inc. (NYSE:AMBC - Free Report) by 70.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 21,435 shares of the company's stock after selling 50,883 shares during the period. Gator Capital Management LLC's holdings in Ambac Financial Group were worth $271,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Point72 DIFC Ltd acquired a new position in shares of Ambac Financial Group in the 3rd quarter worth $46,000. Aigen Investment Management LP acquired a new position in shares of Ambac Financial Group in the 4th quarter valued at $146,000. AXQ Capital LP purchased a new position in Ambac Financial Group in the 4th quarter worth about $153,000. KLP Kapitalforvaltning AS acquired a new stake in Ambac Financial Group during the 4th quarter worth about $157,000. Finally, XTX Topco Ltd acquired a new stake in Ambac Financial Group during the 3rd quarter worth about $172,000. 84.49% of the stock is currently owned by institutional investors.
Ambac Financial Group Trading Down 1.5 %
Shares of AMBC traded down $0.10 during midday trading on Friday, hitting $6.45. The stock had a trading volume of 393,371 shares, compared to its average volume of 656,434. The business has a 50-day simple moving average of $9.47 and a two-hundred day simple moving average of $11.06. The firm has a market cap of $298.26 million, a P/E ratio of -14.03 and a beta of 1.09. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 2.10. Ambac Financial Group, Inc. has a fifty-two week low of $6.33 and a fifty-two week high of $18.45.
Ambac Financial Group (NYSE:AMBC - Get Free Report) last issued its quarterly 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). Ambac Financial Group had a negative net margin of 6.28% and a positive return on equity of 2.51%. The firm had revenue of $18.93 million during the quarter, compared to analysts' expectations of $24.83 million. As a group, equities analysts forecast that Ambac Financial Group, Inc. will post 0.6 EPS for the current 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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