Dynamic Technology Lab Private Ltd Acquires 10,768 Shares of Ambac Financial Group, Inc. (NYSE:AMBC)

Dynamic Technology Lab Private Ltd boosted its stake in Ambac Financial Group, Inc. (NYSE:AMBC) by 81.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 24,044 shares of the company’s stock after acquiring an additional 10,768 shares during the period. Dynamic Technology Lab Private Ltd owned 0.05% of Ambac Financial Group worth $270,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in AMBC. Intech Investment Management LLC boosted its stake in shares of Ambac Financial Group by 47.6% during the 3rd quarter. Intech Investment Management LLC now owns 23,708 shares of the company’s stock valued at $266,000 after purchasing an additional 7,644 shares in the last quarter. Quest Partners LLC purchased a new position in shares of Ambac Financial Group during the 3rd quarter worth approximately $397,000. Empowered Funds LLC raised its position in shares of Ambac Financial Group by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 172,849 shares of the company’s stock worth $1,938,000 after acquiring an additional 8,710 shares in the last quarter. nVerses Capital LLC raised its position in shares of Ambac Financial Group by 92.0% in the 3rd quarter. nVerses Capital LLC now owns 9,600 shares of the company’s stock worth $108,000 after acquiring an additional 4,600 shares in the last quarter. Finally, Creative Planning purchased a new position in shares of Ambac Financial Group in the 3rd quarter valued at approximately $156,000. 84.49% of the stock is owned by hedge funds and other institutional investors.

Ambac Financial Group Trading Up 1.1 %

Ambac Financial Group stock opened at $12.84 on Monday. Ambac Financial Group, Inc. has a 12 month low of $10.12 and a 12 month high of $18.45. The company has a market capitalization of $609.17 million, a price-to-earnings ratio of -27.91 and a beta of 1.22. The business’s fifty day simple moving average is $11.70 and its two-hundred day simple moving average is $12.48. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 2.10.

Insider Transactions at Ambac Financial Group

In other news, Director Kristi Ann Matus purchased 2,700 shares of Ambac Financial Group stock in a transaction that occurred on Thursday, September 26th. The stock was bought at an average price of $11.27 per share, with a total value of $30,429.00. Following the completion of the transaction, the director now directly owns 2,700 shares of the company’s stock, valued at approximately $30,429. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 5.00% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

AMBC has been the subject of a number of research reports. Roth Mkm upgraded Ambac Financial Group from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $13.00 to $15.00 in a report on Wednesday, September 18th. StockNews.com cut shares of Ambac Financial Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 14th. Finally, Roth Capital upgraded shares of Ambac Financial Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 18th.

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.