Wolf Hill Capital Management LP Takes Position in Ambac Financial Group, Inc. (NYSE:AMBC)

Wolf Hill Capital Management LP acquired a new stake in shares of Ambac Financial Group, Inc. (NYSE:AMBC - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,000,003 shares of the company's stock, valued at approximately $12,650,000. Ambac Financial Group makes up 0.9% of Wolf Hill Capital Management LP's investment portfolio, making the stock its 23rd biggest holding. Wolf Hill Capital Management LP owned 2.11% of Ambac Financial Group at the end of the most recent quarter.

Several other large investors have also bought and sold shares of AMBC. Portolan Capital Management LLC bought a new stake in shares of Ambac Financial Group during the fourth quarter valued at approximately $7,456,000. Norges Bank purchased a new position in shares of Ambac Financial Group in the fourth quarter worth $3,328,000. JPMorgan Chase & Co. lifted its holdings in shares of Ambac Financial Group by 56.9% during the third quarter. JPMorgan Chase & Co. now owns 254,072 shares of the company's stock valued at $2,848,000 after purchasing an additional 92,100 shares in the last quarter. Barclays PLC boosted its position in shares of Ambac Financial Group by 30.9% during the third quarter. Barclays PLC now owns 376,102 shares of the company's stock valued at $4,216,000 after buying an additional 88,863 shares during the last quarter. Finally, VELA Investment Management LLC purchased a new stake in shares of Ambac Financial Group during the fourth quarter valued at $792,000. 84.49% of the stock is owned by hedge funds and other institutional investors.

Ambac Financial Group Stock Performance

Shares of Ambac Financial Group stock traded up $0.25 during trading on Friday, hitting $8.00. 879,303 shares of the company's stock traded hands, compared to its average volume of 685,928. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.58 and a quick ratio of 0.58. Ambac Financial Group, Inc. has a 1 year low of $6.33 and a 1 year high of $18.45. The stock has a market capitalization of $408.73 million, a P/E ratio of -17.39 and a beta of 1.09. The business has a 50-day simple moving average of $8.52 and a 200-day simple moving average of $10.76.

Ambac Financial Group (NYSE:AMBC - Get Free Report) last released its quarterly earnings data on Wednesday, February 26th. The company reported ($0.12) EPS for the quarter, missing the consensus estimate of $0.06 by ($0.18). Ambac Financial Group had a negative net margin of 6.28% and a positive return on equity of 2.51%. The business had revenue of $18.93 million for the quarter, compared to analysts' expectations of $24.83 million. As a group, analysts forecast that Ambac Financial Group, Inc. will post 0.6 EPS for the current year.

Ambac Financial Group 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.