Nuveen Asset Management LLC Has $10.43 Million Stock Position in Ambac Financial Group, Inc. (NYSE:AMBC)

Nuveen Asset Management LLC lifted its holdings in Ambac Financial Group, Inc. (NYSE:AMBC - Free Report) by 65.5% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 824,357 shares of the company's stock after purchasing an additional 326,149 shares during the period. Nuveen Asset Management LLC owned 1.74% of Ambac Financial Group worth $10,428,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in AMBC. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Ambac Financial Group by 8.2% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 25,807 shares of the company's stock valued at $326,000 after purchasing an additional 1,958 shares during the period. Graham Capital Management L.P. grew its stake in shares of Ambac Financial Group by 196.6% during the fourth quarter. Graham Capital Management L.P. now owns 51,489 shares of the company's stock valued at $651,000 after purchasing an additional 34,128 shares during the last quarter. Bridgeway Capital Management LLC boosted its position in Ambac Financial Group by 3.1% in the 4th quarter. Bridgeway Capital Management LLC now owns 291,633 shares of the company's stock valued at $3,689,000 after buying an additional 8,784 shares during the last quarter. Bayesian Capital Management LP bought a new stake in shares of Ambac Financial Group during the fourth quarter worth approximately $127,000. Finally, Bank of America Corp DE grew its holdings in Ambac Financial Group by 166.4% during the 4th quarter. Bank of America Corp DE now owns 194,061 shares of the company's stock worth $2,455,000 after acquiring an additional 121,228 shares during the period. 84.49% of the stock is currently owned by institutional investors.

Ambac Financial Group Trading Down 0.1%

AMBC traded down $0.01 during midday trading on Thursday, reaching $7.83. 515,473 shares of the company were exchanged, compared to its average volume of 743,298. The stock's 50-day simple moving average is $7.71 and its 200 day simple moving average is $10.17. The stock has a market capitalization of $363.52 million, a P/E ratio of -17.02 and a beta of 0.86. Ambac Financial Group, Inc. has a one year low of $5.99 and a one year high of $18.40. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.58 and a current ratio of 0.58.

Ambac Financial Group (NYSE:AMBC - Get Free Report) last posted its quarterly earnings data on Monday, May 12th. The company reported ($0.13) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The company had revenue of $15.68 million during the quarter, compared to the consensus estimate 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, analysts forecast that Ambac Financial Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, Director Jeffrey Scott Stein purchased 15,000 shares of the stock in a transaction on Wednesday, May 14th. The shares were purchased at an average cost of $6.46 per share, with a total value of $96,900.00. Following the acquisition, the director now directly owns 50,000 shares in the company, valued at $323,000. The trade was a 42.86% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Insiders own 6.20% of the company's stock.

About Ambac Financial Group

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.