Ambac Financial Group, Inc. (NYSE:AMBC) Director Acquires $96,900.00 in Stock

Ambac Financial Group, Inc. (NYSE:AMBC) Director Jeffrey Scott Stein acquired 15,000 shares of the business’s stock in a transaction dated Wednesday, May 14th. The stock was purchased at an average price of $6.46 per share, with a total value of $96,900.00. Following the completion of the acquisition, the director now directly owns 50,000 shares in the company, valued at approximately $323,000. This represents a 42.86% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Ambac Financial Group Stock Performance

NYSE AMBC opened at $6.45 on Thursday. The company has a 50-day simple moving average of $7.85 and a two-hundred day simple moving average of $10.44. 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 $5.99 and a 12-month high of $18.40. The firm has a market cap of $329.54 million, a price-to-earnings ratio of -14.02 and a beta of 0.86.

Ambac Financial Group (NYSE:AMBC) last posted its earnings results on Monday, May 12th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.06). Ambac Financial Group had a positive return on equity of 2.51% and a negative net margin of 6.28%. The business had revenue of $15.68 million during the quarter, compared to the consensus estimate of $33.00 million. On average, equities analysts forecast that Ambac Financial Group, Inc. will post 0.6 EPS for the current year.

Hedge Funds Weigh In On Ambac Financial Group

A number of institutional investors have recently bought and sold shares of AMBC. GAMMA Investing LLC boosted its position in Ambac Financial Group by 191.9% during the 1st quarter. GAMMA Investing LLC now owns 4,463 shares of the company’s stock valued at $39,000 after acquiring an additional 2,934 shares in the last quarter. AlphaQuest LLC purchased a new position in shares of Ambac Financial Group in the 1st quarter valued at approximately $61,000. Point72 Asset Management L.P. purchased a new position in shares of Ambac Financial Group in the 4th quarter valued at approximately $92,000. Aquatic Capital Management LLC bought a new stake in shares of Ambac Financial Group during the fourth quarter valued at approximately $105,000. Finally, Envestnet Portfolio Solutions Inc. bought a new stake in shares of Ambac Financial Group during the first quarter valued at approximately $110,000. 84.49% of the stock is owned by institutional investors.

About Ambac Financial Group

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.