Exchange Traded Concepts LLC Increases Holdings in Ambac Financial Group, Inc. (NYSE:AMBC)

Exchange Traded Concepts LLC raised its stake in Ambac Financial Group, Inc. (NYSE:AMBC - Free Report) by 55.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 157,714 shares of the company's stock after purchasing an additional 56,036 shares during the quarter. Exchange Traded Concepts LLC owned 0.35% of Ambac Financial Group worth $1,768,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also bought and sold shares of AMBC. Marshall Wace LLP lifted its holdings in Ambac Financial Group by 397.4% during the second quarter. Marshall Wace LLP now owns 345,715 shares of the company's stock worth $4,432,000 after acquiring an additional 276,210 shares during the period. Gendell Jeffrey L raised its holdings in shares of Ambac Financial Group by 118.0% in the 1st quarter. Gendell Jeffrey L now owns 434,313 shares of the company's stock worth $6,788,000 after purchasing an additional 235,058 shares during the period. American Century Companies Inc. increased its position in Ambac Financial Group by 19.0% in the second quarter. American Century Companies Inc. now owns 797,096 shares of the company's stock worth $10,219,000 after buying an additional 127,145 shares during the last quarter. Deerfield Management Company L.P. Series C bought a new stake in shares of Ambac Financial Group in the second quarter valued at $1,149,000. Finally, Dimensional Fund Advisors LP lifted its position in shares of Ambac Financial Group by 3.0% during the 2nd quarter. Dimensional Fund Advisors LP now owns 2,952,961 shares of the company's stock valued at $37,857,000 after buying an additional 87,077 shares during the last quarter. Institutional investors own 84.49% of the company's stock.

Ambac Financial Group Price Performance

Ambac Financial Group stock traded up $0.24 during mid-day trading on Wednesday, hitting $11.95. 413,426 shares of the company traded hands, compared to its average volume of 450,414. The company has a debt-to-equity ratio of 2.37, a quick ratio of 0.62 and a current ratio of 0.62. Ambac Financial Group, Inc. has a one year low of $10.12 and a one year high of $18.45. The stock has a market cap of $540.44 million, a price-to-earnings ratio of 9.12 and a beta of 1.23. The stock has a fifty day moving average price of $11.23 and a 200-day moving average price of $13.28.

Ambac Financial Group (NYSE:AMBC - Get Free Report) last announced its earnings results on Monday, August 5th. The company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.01). Ambac Financial Group had a return on equity of 10.79% and a net margin of 19.27%. The company had revenue of $105.00 million during the quarter. During the same period in the previous year, the business earned $0.07 EPS. On average, equities analysts predict that Ambac Financial Group, Inc. will post 1.3 earnings per share for the current fiscal year.

Insider Activity at Ambac Financial Group

In other Ambac Financial Group news, CFO David Trick acquired 3,700 shares of the business's stock in a transaction dated Wednesday, August 7th. The stock was bought at an average price of $10.76 per share, with a total value of $39,812.00. Following the purchase, the chief financial officer now owns 156,082 shares of the company's stock, valued at approximately $1,679,442.32. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In related news, CFO David Trick purchased 3,700 shares of Ambac Financial Group stock in a transaction that occurred on Wednesday, August 7th. The shares were acquired at an average cost of $10.76 per share, for a total transaction of $39,812.00. Following the transaction, the chief financial officer now directly owns 156,082 shares in the company, valued at $1,679,442.32. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Jeffrey Scott Stein purchased 25,000 shares of the stock in a transaction that occurred on Wednesday, August 7th. The shares were purchased at an average price of $10.82 per share, with a total value of $270,500.00. Following the completion of the acquisition, the director now directly owns 35,000 shares in the company, valued at $378,700. The trade was a 200.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last three months, insiders have bought 37,500 shares of company stock valued at $407,445. Corporate insiders own 5.00% of the company's stock.

Analyst Upgrades and Downgrades

AMBC has been the topic of several recent research reports. Roth Capital raised shares of Ambac Financial Group from a "hold" rating to a "strong-buy" rating in a report on Wednesday, September 18th. StockNews.com cut Ambac Financial Group from a "hold" rating to a "sell" rating in a research report on Wednesday, August 14th. Finally, Roth Mkm upgraded shares of Ambac Financial Group from a "neutral" rating to a "buy" rating and boosted their price target for the company from $13.00 to $15.00 in a research report on Wednesday, September 18th.

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.