Dimensional Fund Advisors LP Has $34.23 Million Stock Position in Ambac Financial Group, Inc. (NYSE:AMBC)

Dimensional Fund Advisors LP reduced its stake in shares of Ambac Financial Group, Inc. (NYSE:AMBC - Free Report) by 3.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,706,151 shares of the company's stock after selling 98,249 shares during the period. Dimensional Fund Advisors LP owned 5.70% of Ambac Financial Group worth $34,232,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Aigen Investment Management LP acquired a new position in Ambac Financial Group in the 4th quarter valued at $146,000. AXQ Capital LP bought a new position in shares of Ambac Financial Group in the fourth quarter worth about $153,000. Bank of Montreal Can increased its stake in shares of Ambac Financial Group by 19.5% in the fourth quarter. Bank of Montreal Can now owns 12,357 shares of the company's stock worth $156,000 after purchasing an additional 2,018 shares during the period. KLP Kapitalforvaltning AS acquired a new position in shares of Ambac Financial Group during the 4th quarter worth about $157,000. Finally, Maryland State Retirement & Pension System bought a new stake in Ambac Financial Group during the 4th quarter valued at approximately $201,000. Institutional investors and hedge funds own 84.49% of the company's stock.

Ambac Financial Group Stock Performance

NYSE AMBC traded up $0.18 during trading on Friday, hitting $8.21. The company's stock had a trading volume of 609,664 shares, compared to its average volume of 690,471. Ambac Financial Group, Inc. has a 52 week low of $6.33 and a 52 week high of $18.40. The firm has a market cap of $419.46 million, a P/E ratio of -17.85 and a beta of 0.86. The firm has a 50 day moving average price of $7.97 and a 200 day moving average price of $10.52. 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 (NYSE:AMBC - Get Free Report) last announced its earnings results on Wednesday, February 26th. The company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.06 by ($0.18). Ambac Financial Group had a positive return on equity of 2.51% and a negative net margin of 6.28%. The company had revenue of $18.93 million for the quarter, compared to the consensus estimate of $24.83 million. Equities research analysts forecast that Ambac Financial Group, Inc. will post 0.6 earnings per share for the current fiscal 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.