SG Americas Securities LLC Makes New Investment in Ambac Financial Group, Inc. (NYSE:AMBC)

SG Americas Securities LLC bought a new stake in shares of Ambac Financial Group, Inc. (NYSE:AMBC - Free Report) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 36,196 shares of the company's stock, valued at approximately $317,000. SG Americas Securities LLC owned 0.08% of Ambac Financial Group as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also modified their holdings of the business. GAMMA Investing LLC boosted its stake in shares of Ambac Financial Group by 191.9% during the first quarter. GAMMA Investing LLC now owns 4,463 shares of the company's stock valued at $39,000 after purchasing an additional 2,934 shares in the last quarter. Point72 Asset Management L.P. purchased a new stake in Ambac Financial Group during the fourth quarter worth $92,000. Aquatic Capital Management LLC bought a new stake in Ambac Financial Group during the 4th quarter valued at $105,000. Bayesian Capital Management LP bought a new stake in Ambac Financial Group during the 4th quarter valued at $127,000. Finally, Aigen Investment Management LP purchased a new position in shares of Ambac Financial Group in the 4th quarter valued at $146,000. Institutional investors own 84.49% of the company's stock.

Insider Activity

In other Ambac Financial Group news, Director Jeffrey Scott Stein purchased 15,000 shares of Ambac Financial Group stock in a transaction dated Wednesday, May 14th. The shares were acquired at an average cost of $6.46 per share, with a total value of $96,900.00. Following the completion of the transaction, the director now owns 50,000 shares in the company, valued at approximately $323,000. This trade represents a 42.86% increase in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Company insiders own 6.20% of the company's stock.

Ambac Financial Group Trading Up 0.1%

AMBC opened at $7.02 on Friday. The firm has a market cap of $325.89 million, a price-to-earnings ratio of -0.58 and a beta of 0.90. Ambac Financial Group, Inc. has a 12 month low of $5.99 and a 12 month high of $13.64. The stock has a fifty day moving average price of $7.53 and a 200-day moving average price of $9.42.

Ambac Financial Group (NYSE:AMBC - Get Free Report) last posted its earnings results on Monday, May 12th. The company reported ($0.13) earnings per share (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 analysts' expectations of $33.00 million. Ambac Financial Group had a negative net margin of 163.67% and a negative return on equity of 1.80%. On average, equities research analysts forecast that Ambac Financial Group, Inc. will post 0.6 EPS for the current year.

Ambac Financial Group Company 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.

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