Rhumbline Advisers Boosts Stock Position in Ambac Financial Group, Inc. (NYSE:AMBC)

Rhumbline Advisers grew its position in Ambac Financial Group, Inc. (NYSE:AMBC) by 6.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 140,999 shares of the company’s stock after purchasing an additional 8,495 shares during the period. Rhumbline Advisers owned approximately 0.30% of Ambac Financial Group worth $1,784,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Point72 DIFC Ltd purchased a new stake in Ambac Financial Group in the third quarter valued at $46,000. Creative Planning acquired a new position in shares of Ambac Financial Group in the 3rd quarter valued at about $156,000. XTX Topco Ltd purchased a new stake in shares of Ambac Financial Group in the third quarter worth about $172,000. Wexford Capital LP acquired a new stake in Ambac Financial Group during the third quarter worth about $202,000. Finally, Intech Investment Management LLC raised its position in Ambac Financial Group by 47.6% during the third quarter. Intech Investment Management LLC now owns 23,708 shares of the company’s stock valued at $266,000 after acquiring an additional 7,644 shares in the last quarter. 84.49% of the stock is currently owned by hedge funds and other institutional investors.

Ambac Financial Group Stock Performance

Shares of NYSE AMBC opened at $9.06 on Wednesday. The company has a market capitalization of $429.60 million, a PE ratio of -19.68 and a beta of 1.23. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.58 and a current ratio of 0.58. The company’s fifty day moving average price is $11.52 and its 200 day moving average price is $11.68. Ambac Financial Group, Inc. has a 1 year low of $8.85 and a 1 year high of $18.45.

Ambac Financial Group (NYSE:AMBC) last announced its quarterly earnings results on Wednesday, February 26th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.18). The business had revenue of $18.93 million during the quarter, compared to analysts’ expectations of $24.83 million. Ambac Financial Group had a negative net margin of 6.28% and a positive return on equity of 2.51%. On average, research analysts predict 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.