SG Americas Securities LLC Makes New $317,000 Investment in Ambac Financial Group, Inc. (NYSE:AMBC)

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

Several other institutional investors and hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC grew its stake in Ambac Financial Group by 191.9% in 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. acquired a new stake in shares of Ambac Financial Group in the 4th quarter valued at approximately $92,000. Aquatic Capital Management LLC bought a new position in shares of Ambac Financial Group in the fourth quarter valued at $105,000. First Citizens Bank & Trust Co. bought a new position in shares of Ambac Financial Group in the first quarter valued at $123,000. Finally, Bayesian Capital Management LP acquired a new position in Ambac Financial Group during the fourth quarter worth $127,000. Institutional investors own 84.49% of the company's stock.

Insider Transactions at Ambac Financial Group

In other Ambac Financial Group news, Director Jeffrey Scott Stein bought 15,000 shares of Ambac Financial Group stock in a transaction dated Wednesday, May 14th. The stock was bought at an average cost of $6.46 per share, for a total transaction of $96,900.00. Following the purchase, the director owned 50,000 shares of the company's stock, valued at $323,000. The trade was a 42.86% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 6.20% of the stock is owned by corporate insiders.

Ambac Financial Group Price Performance

NYSE AMBC traded down $0.12 on Monday, hitting $6.92. 1,967,407 shares of the stock were exchanged, compared to its average volume of 778,217. The company has a market capitalization of $321.30 million, a PE ratio of -0.57 and a beta of 0.90. The business's fifty day moving average is $7.52 and its 200 day moving average is $9.28. Ambac Financial Group, Inc. has a 52 week low of $5.99 and a 52 week high of $13.64.

Ambac Financial Group (NYSE:AMBC - Get Free Report) last issued its earnings results on Monday, May 12th. The company reported ($0.13) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.06). Ambac Financial Group had a negative net margin of 163.67% and a negative return on equity of 1.80%. The firm had revenue of $15.68 million during the quarter, compared to the consensus estimate of $33.00 million. Analysts predict that Ambac Financial Group, Inc. will post 0.6 EPS 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.