Bridgeway Capital Management LLC Has $3.69 Million Holdings in Ambac Financial Group, Inc. (NYSE:AMBC)

Bridgeway Capital Management LLC lifted its stake in shares of Ambac Financial Group, Inc. (NYSE:AMBC) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 291,633 shares of the company’s stock after purchasing an additional 8,784 shares during the period. Bridgeway Capital Management LLC’s holdings in Ambac Financial Group were worth $3,689,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Aquatic Capital Management LLC acquired a new position in Ambac Financial Group during the 4th quarter valued at about $105,000. Bayesian Capital Management LP acquired a new position in Ambac Financial Group in the fourth quarter valued at approximately $127,000. Aigen Investment Management LP bought a new position in Ambac Financial Group in the fourth quarter valued at approximately $146,000. AXQ Capital LP acquired a new stake in Ambac Financial Group during the 4th quarter worth $153,000. Finally, Bank of Montreal Can raised its position in shares of Ambac Financial Group by 19.5% during the 4th quarter. Bank of Montreal Can now owns 12,357 shares of the company’s stock valued at $156,000 after acquiring an additional 2,018 shares during the last quarter. 84.49% of the stock is owned by institutional investors.

Ambac Financial Group Stock Down 0.8 %

NYSE:AMBC opened at $8.04 on Friday. The company has a quick ratio of 0.58, a current ratio of 0.58 and a debt-to-equity ratio of 2.10. Ambac Financial Group, Inc. has a 12-month low of $6.33 and a 12-month high of $18.43. The stock’s fifty day simple moving average is $7.99 and its 200-day simple moving average is $10.55. The firm has a market capitalization of $410.57 million, a P/E ratio of -17.47 and a beta of 0.86.

Ambac Financial Group (NYSE:AMBC) last issued its 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 the consensus estimate of $24.83 million. Ambac Financial Group had a positive return on equity of 2.51% and a negative net margin of 6.28%. Equities research analysts expect that Ambac Financial Group, Inc. will post 0.6 earnings per share for the current 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.