Ambac Financial Group, Inc. (NYSE:AMBC) Shares Acquired by Algert Global LLC

Algert Global LLC grew its stake in Ambac Financial Group, Inc. (NYSE:AMBC - Free Report) by 219.9% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 88,469 shares of the company's stock after acquiring an additional 60,816 shares during the quarter. Algert Global LLC owned about 0.19% of Ambac Financial Group worth $1,119,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Barclays PLC increased its stake in shares of Ambac Financial Group by 30.9% in the 3rd quarter. Barclays PLC now owns 376,102 shares of the company's stock worth $4,216,000 after acquiring an additional 88,863 shares during the last quarter. American Century Companies Inc. increased its position in shares of Ambac Financial Group by 3.9% during the 4th quarter. American Century Companies Inc. now owns 929,345 shares of the company's stock worth $11,756,000 after purchasing an additional 34,861 shares during the last quarter. VELA Investment Management LLC purchased a new stake in Ambac Financial Group in the 4th quarter valued at about $792,000. Principal Financial Group Inc. raised its holdings in Ambac Financial Group by 2.9% in the 4th quarter. Principal Financial Group Inc. now owns 229,954 shares of the company's stock valued at $2,909,000 after buying an additional 6,589 shares during the period. Finally, Norges Bank purchased a new stake in Ambac Financial Group in the 4th quarter valued at about $3,328,000. 84.49% of the stock is owned by institutional investors and hedge funds.

Ambac Financial Group Trading Down 3.7%

AMBC traded down $0.25 on Wednesday, hitting $6.45. The company had a trading volume of 1,678,214 shares, compared to its average volume of 714,537. The firm has a market cap of $329.54 million, a P/E ratio of -14.02 and a beta of 0.86. Ambac Financial Group, Inc. has a 1 year low of $5.99 and a 1 year high of $18.40. The company's fifty day moving average price is $7.91 and its 200 day moving average price is $10.46. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 2.10.

Ambac Financial Group (NYSE:AMBC - Get Free Report) last released its earnings results on Monday, May 12th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The firm had revenue of $15.68 million during the quarter, compared to analyst estimates of $33.00 million. Ambac Financial Group had a negative net margin of 6.28% and a positive return on equity of 2.51%. As a group, equities analysts expect that Ambac Financial Group, Inc. will post 0.6 earnings per share 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.