Portolan Capital Management LLC Purchases Shares of 589,437 Ambac Financial Group, Inc. (NYSE:AMBC)

Portolan Capital Management LLC acquired a new stake in Ambac Financial Group, Inc. (NYSE:AMBC - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 589,437 shares of the company's stock, valued at approximately $7,456,000. Portolan Capital Management LLC owned 1.24% of Ambac Financial Group as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of AMBC. Aigen Investment Management LP acquired a new stake in shares of Ambac Financial Group during the 4th quarter valued at about $146,000. AXQ Capital LP purchased a new position in Ambac Financial Group during the fourth quarter valued at $153,000. Bank of Montreal Can lifted its holdings in Ambac Financial Group by 19.5% during the fourth quarter. Bank of Montreal Can now owns 12,357 shares of the company's stock valued at $156,000 after purchasing an additional 2,018 shares in the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Ambac Financial Group during the 4th quarter worth approximately $157,000. Finally, XTX Topco Ltd acquired a new stake in shares of Ambac Financial Group in the third quarter worth approximately $172,000. Hedge funds and other institutional investors own 84.49% of the company's stock.

Ambac Financial Group Price Performance

Shares of Ambac Financial Group stock traded up $0.18 during trading hours on Friday, reaching $7.31. 970,400 shares of the company's stock were exchanged, compared to its average volume of 668,771. The business has a fifty day moving average of $8.92 and a two-hundred day moving average of $10.89. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 2.10. The company has a market capitalization of $373.22 million, a P/E ratio of -15.88 and a beta of 1.09. Ambac Financial Group, Inc. has a 1 year low of $6.33 and a 1 year high of $18.45.

Ambac Financial Group (NYSE:AMBC - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of $0.06 by ($0.18). The business 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, research analysts predict that Ambac Financial Group, Inc. will post 0.6 earnings per share for the current fiscal year.

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.