VELA Investment Management LLC Takes $792,000 Position in Ambac Financial Group, Inc. (NYSE:AMBC)

VELA Investment Management LLC bought a new position in shares of Ambac Financial Group, Inc. (NYSE:AMBC - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 62,584 shares of the company's stock, valued at approximately $792,000. VELA Investment Management LLC owned approximately 0.13% of Ambac Financial Group at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. PDT Partners LLC increased its stake in shares of Ambac Financial Group by 1.7% during the 3rd quarter. PDT Partners LLC now owns 63,382 shares of the company's stock worth $711,000 after purchasing an additional 1,032 shares during the last quarter. Public Sector Pension Investment Board increased its stake in shares of Ambac Financial Group by 0.7% during the third quarter. Public Sector Pension Investment Board now owns 172,656 shares of the company's stock worth $1,935,000 after purchasing an additional 1,200 shares during the period. Point72 DIFC Ltd bought a new stake in Ambac Financial Group in the 3rd quarter valued at $46,000. Principal Financial Group Inc. lifted its holdings in shares of Ambac Financial Group by 2.9% during the fourth quarter. Principal Financial Group Inc. now owns 229,954 shares of the company's stock worth $2,909,000 after buying an additional 6,589 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in shares of Ambac Financial Group by 4.3% in the fourth quarter. Exchange Traded Concepts LLC now owns 164,474 shares of the company's stock valued at $2,081,000 after acquiring an additional 6,760 shares during the period. Institutional investors own 84.49% of the company's stock.

Ambac Financial Group Stock Performance

NYSE AMBC traded down $0.25 during trading on Tuesday, reaching $9.06. The company's stock had a trading volume of 1,188,155 shares, compared to its average volume of 508,103. Ambac Financial Group, Inc. has a 12 month low of $8.86 and a 12 month high of $18.45. The firm has a 50 day moving average price of $11.59 and a 200 day moving average price of $11.70. The firm has a market capitalization of $429.60 million, a price-to-earnings ratio of -19.77 and a beta of 1.23. 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 (NYSE:AMBC - Get Free Report) last issued its quarterly earnings results on Wednesday, February 26th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.18). The company had revenue of $18.93 million for the quarter, compared to analyst estimates of $24.83 million. Ambac Financial Group had a positive return on equity of 2.51% and a negative net margin of 6.28%. As a group, equities analysts anticipate that Ambac Financial Group, Inc. will post 0.6 EPS for the current fiscal year.

Ambac Financial Group Company 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.