D. E. Shaw & Co. Inc. Sells 44,326 Shares of Ambac Financial Group, Inc. (NYSE:AMBC)

D. E. Shaw & Co. Inc. decreased its position in Ambac Financial Group, Inc. (NYSE:AMBC - Free Report) by 9.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 431,135 shares of the company's stock after selling 44,326 shares during the period. D. E. Shaw & Co. Inc. owned 0.91% of Ambac Financial Group worth $5,454,000 as of its most recent filing with the SEC.

Other hedge funds have also recently modified their holdings of the company. Aquatic Capital Management LLC bought a new stake in Ambac Financial Group during the fourth quarter worth $105,000. Bayesian Capital Management LP purchased a new position in Ambac Financial Group in the fourth quarter valued at approximately $127,000. Aigen Investment Management LP bought a new position in Ambac Financial Group during the fourth quarter valued at $146,000. AXQ Capital LP purchased a new stake in Ambac Financial Group in the fourth quarter worth $153,000. Finally, Bank of Montreal Can lifted its position in shares of Ambac Financial Group by 19.5% during the 4th quarter. Bank of Montreal Can now owns 12,357 shares of the company's stock valued at $156,000 after buying an additional 2,018 shares during the last quarter. Institutional investors own 84.49% of the company's stock.

Insider Activity at Ambac Financial Group

In other news, Director Jeffrey Scott Stein bought 15,000 shares of the stock in a transaction on Wednesday, May 14th. The shares were acquired at an average cost of $6.46 per share, for a total transaction of $96,900.00. Following the purchase, the director now directly owns 50,000 shares of the company's stock, valued at $323,000. This trade represents a 42.86% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.20% of the stock is currently owned by corporate insiders.

Ambac Financial Group Stock Performance

NYSE AMBC traded up $0.03 during trading on Thursday, hitting $7.60. 60,473 shares of the company's stock traded hands, compared to its average volume of 730,928. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.58 and a current ratio of 0.58. The stock has a market capitalization of $352.85 million, a price-to-earnings ratio of -16.52 and a beta of 0.86. Ambac Financial Group, Inc. has a 12-month low of $5.99 and a 12-month high of $18.40. The business has a 50 day moving average of $7.80 and a 200-day moving average of $10.32.

Ambac Financial Group (NYSE:AMBC - Get Free Report) last released its quarterly earnings data on Monday, May 12th. The company reported ($0.13) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.06). The business had revenue of $15.68 million during the quarter, compared to analysts' expectations 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 research analysts anticipate 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.