Connor Clark & Lunn Investment Management Ltd. Buys Shares of 47,306 Ambac Financial Group, Inc. (NYSE:AMBC)

Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Ambac Financial Group, Inc. (NYSE:AMBC) during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 47,306 shares of the company’s stock, valued at approximately $598,000. Connor Clark & Lunn Investment Management Ltd. owned about 0.10% of Ambac Financial Group at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the business. PDT Partners LLC boosted its position in Ambac Financial Group by 1.7% during the third quarter. PDT Partners LLC now owns 63,382 shares of the company’s stock valued at $711,000 after acquiring an additional 1,032 shares during the last quarter. Public Sector Pension Investment Board lifted its stake in shares of Ambac Financial Group by 0.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 172,656 shares of the company’s stock valued at $1,935,000 after purchasing an additional 1,200 shares during the period. Point72 DIFC Ltd acquired a new position in shares of Ambac Financial Group in the 3rd quarter valued at about $46,000. Principal Financial Group Inc. boosted its position in shares of Ambac Financial Group by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 229,954 shares of the company’s stock valued at $2,909,000 after purchasing an additional 6,589 shares in the last quarter. Finally, Exchange Traded Concepts LLC grew its stake in Ambac Financial Group by 4.3% during the fourth quarter. Exchange Traded Concepts LLC now owns 164,474 shares of the company’s stock worth $2,081,000 after purchasing an additional 6,760 shares during the period. Institutional investors and hedge funds own 84.49% of the company’s stock.

Ambac Financial Group Stock Up 2.1 %

Shares of NYSE AMBC opened at $8.78 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 $7.92 and a 12-month high of $18.45. The company’s fifty day simple moving average is $10.62 and its 200 day simple moving average is $11.43. The firm has a market cap of $406.19 million, a PE ratio of -19.10 and a beta of 1.26.

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 the consensus estimate of $24.83 million. Ambac Financial Group had a negative net margin of 6.28% and a positive return on equity of 2.51%. As a group, sell-side analysts forecast that Ambac Financial Group, Inc. will post 0.6 earnings per share 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.