Dynamic Technology Lab Private Ltd Takes $562,000 Position in Ambac Financial Group, Inc. $AMBC

Key Points

• Dynamic Technology Lab Private Ltd invested $562,000 in Ambac Financial Group, acquiring 64,233 shares, representing approximately 0.13% ownership in the company.
• Ambac CEO Claude Leblanc purchased 25,000 shares valued at around $175,000, increasing his total ownership to over 603,000 shares.
• Truist Financial started coverage on Ambac, assigning a "buy" rating with a target price of $10.00, while the stock currently trades around $8.95.

Dynamic Technology Lab Private Ltd acquired a new stake in shares of Ambac Financial Group, Inc. (NYSE:AMBC - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 64,233 shares of the company's stock, valued at approximately $562,000. Dynamic Technology Lab Private Ltd owned approximately 0.13% of Ambac Financial Group as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Envestnet Portfolio Solutions Inc. acquired a new stake in Ambac Financial Group in the first quarter valued at approximately $110,000. Deutsche Bank AG raised its holdings in shares of Ambac Financial Group by 7.1% during the first quarter. Deutsche Bank AG now owns 723,250 shares of the company's stock worth $6,328,000 after purchasing an additional 48,117 shares during the last quarter. SG Americas Securities LLC purchased a new position in shares of Ambac Financial Group during the first quarter worth $317,000. Two Sigma Investments LP raised its holdings in shares of Ambac Financial Group by 41.1% during the fourth quarter. Two Sigma Investments LP now owns 132,295 shares of the company's stock worth $1,674,000 after purchasing an additional 38,540 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Ambac Financial Group by 23.6% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 194,034 shares of the company's stock valued at $2,455,000 after buying an additional 37,067 shares in the last quarter. 84.49% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Separately, Truist Financial started coverage on shares of Ambac Financial Group in a report on Tuesday, July 15th. They issued a "buy" rating and a $10.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating and two have given a Buy rating to the company. Based on data from MarketBeat.com, Ambac Financial Group presently has a consensus rating of "Buy" and an average target price of $12.50.

Insider Buying and Selling

In other news, CEO Claude Leblanc bought 25,000 shares of Ambac Financial Group stock in a transaction on Monday, August 11th. The shares were bought at an average cost of $7.03 per share, with a total value of $175,750.00. Following the completion of the purchase, the chief executive officer directly owned 603,291 shares of the company's stock, valued at approximately $4,241,135.73. This trade represents a 4.32% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 6.20% of the stock is owned by company insiders.

Ambac Financial Group Stock Performance

AMBC remained flat at $8.77 on Tuesday. 534,076 shares of the company were exchanged, compared to its average volume of 503,127. The business has a fifty day moving average price of $8.43 and a two-hundred day moving average price of $7.96. Ambac Financial Group, Inc. has a 52-week low of $5.99 and a 52-week high of $13.64. The firm has a market capitalization of $406.93 million, a PE ratio of -0.64 and a beta of 0.96.

Ambac Financial Group (NYSE:AMBC - Get Free Report) last issued its earnings results on Thursday, August 7th. The company reported ($0.22) EPS for the quarter, topping analysts' consensus estimates of ($0.24) by $0.02. Ambac Financial Group had a negative net margin of 215.40% and a negative return on equity of 3.50%. The company had revenue of $16.20 million for the quarter, compared to the consensus estimate of $55.59 million. Analysts expect 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.