Ambac Financial Group (NYSE:AMBC) Cut to Sell at StockNews.com

Ambac Financial Group (NYSE:AMBC) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Wednesday.

Separately, Compass Point raised their price objective on Ambac Financial Group from $18.00 to $19.00 and gave the stock a “buy” rating in a report on Wednesday, May 8th.

Ambac Financial Group Stock Down 0.6 %

Ambac Financial Group stock opened at $11.00 on Wednesday. The firm has a market capitalization of $497.48 million, a P/E ratio of 8.40 and a beta of 1.24. The stock’s fifty day simple moving average is $12.43 and its 200-day simple moving average is $14.70. The company has a current ratio of 0.71, a quick ratio of 0.71 and a debt-to-equity ratio of 2.42. Ambac Financial Group has a twelve month low of $10.12 and a twelve month high of $18.45.

Ambac Financial Group (NYSE:AMBC) last posted its earnings results on Monday, August 5th. The company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). The business had revenue of $105.00 million during the quarter. Ambac Financial Group had a net margin of 18.09% and a return on equity of 10.69%. During the same quarter in the previous year, the business earned $0.07 earnings per share. As a group, equities analysts expect that Ambac Financial Group will post 1.45 earnings per share for the current fiscal year.

Insider Activity at Ambac Financial Group

In other news, CFO David Trick acquired 3,700 shares of Ambac Financial Group stock in a transaction that occurred on Wednesday, August 7th. The stock was purchased at an average price of $10.76 per share, for a total transaction of $39,812.00. Following the completion of the transaction, the chief financial officer now directly owns 156,082 shares in the company, valued at $1,679,442.32. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In related news, CFO David Trick bought 3,700 shares of the company’s stock in a transaction on Wednesday, August 7th. The stock was bought at an average cost of $10.76 per share, with a total value of $39,812.00. Following the completion of the acquisition, the chief financial officer now owns 156,082 shares in the company, valued at approximately $1,679,442.32. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, General Counsel Stephen Michael Ksenak acquired 5,000 shares of the company’s stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average cost of $11.00 per share, with a total value of $55,000.00. Following the completion of the purchase, the general counsel now owns 116,609 shares in the company, valued at $1,282,699. The disclosure for this purchase can be found here. Insiders bought a total of 34,800 shares of company stock worth $377,016 over the last 90 days. Company insiders own 5.00% of the company’s stock.

Institutional Trading of Ambac Financial Group

Several hedge funds and other institutional investors have recently bought and sold shares of AMBC. Gendell Jeffrey L lifted its holdings in shares of Ambac Financial Group by 52.9% during the 4th quarter. Gendell Jeffrey L now owns 199,255 shares of the company’s stock valued at $3,284,000 after acquiring an additional 68,959 shares in the last quarter. Assetmark Inc. lifted its holdings in Ambac Financial Group by 100.3% in the 4th quarter. Assetmark Inc. now owns 91,123 shares of the company’s stock worth $1,502,000 after buying an additional 45,630 shares in the last quarter. Cornerstone Investment Partners LLC acquired a new position in Ambac Financial Group in the 4th quarter worth $178,000. Dimensional Fund Advisors LP lifted its holdings in Ambac Financial Group by 2.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 2,603,679 shares of the company’s stock worth $42,908,000 after buying an additional 65,733 shares in the last quarter. Finally, Yousif Capital Management LLC lifted its holdings in Ambac Financial Group by 30.6% in the 4th quarter. Yousif Capital Management LLC now owns 29,420 shares of the company’s stock worth $485,000 after buying an additional 6,896 shares in the last quarter. 84.49% of the stock is owned by hedge funds and other institutional investors.

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.