Two Sigma Investments LP Increases Stock Holdings in Ambac Financial Group, Inc. (NYSE:AMBC)

Two Sigma Investments LP lifted its position in Ambac Financial Group, Inc. (NYSE:AMBC - Free Report) by 41.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 132,295 shares of the company's stock after purchasing an additional 38,540 shares during the period. Two Sigma Investments LP owned about 0.28% of Ambac Financial Group worth $1,674,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also recently added to or reduced their stakes in AMBC. Point72 Asset Management L.P. acquired a new stake in Ambac Financial Group in the fourth quarter valued at approximately $92,000. Aquatic Capital Management LLC purchased a new position in shares of Ambac Financial Group during the 4th quarter valued at approximately $105,000. Bayesian Capital Management LP acquired a new stake in Ambac Financial Group in the 4th quarter valued at $127,000. Aigen Investment Management LP acquired a new stake in Ambac Financial Group in the 4th quarter valued at $146,000. Finally, AXQ Capital LP purchased a new stake in Ambac Financial Group in the 4th quarter worth $153,000. 84.49% of the stock is owned by hedge funds and other institutional investors.

Ambac Financial Group Price Performance

AMBC traded down $0.16 during midday trading on Friday, hitting $7.40. 824,419 shares of the company traded hands, compared to its average volume of 760,825. The company has a current ratio of 0.58, a quick ratio of 0.58 and a debt-to-equity ratio of 2.10. The company has a market capitalization of $343.61 million, a price-to-earnings ratio of -16.09 and a beta of 0.86. Ambac Financial Group, Inc. has a 52-week low of $5.99 and a 52-week high of $13.64. The business has a 50 day simple moving average of $7.58 and a two-hundred day simple moving average of $9.98.

Ambac Financial Group (NYSE:AMBC - Get Free Report) last released its quarterly earnings results on Monday, May 12th. The company reported ($0.13) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.06). The company had revenue of $15.68 million for the quarter, compared to analyst estimates of $33.00 million. Ambac Financial Group had a positive return on equity of 2.51% and a negative net margin of 6.28%. On average, equities analysts forecast that Ambac Financial Group, Inc. will post 0.6 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Ambac Financial Group news, Director Jeffrey Scott Stein bought 15,000 shares of the stock in a transaction on Wednesday, May 14th. The shares were bought at an average price of $6.46 per share, with a total value of $96,900.00. Following the purchase, the director now directly owns 50,000 shares in the company, valued at $323,000. This trade represents a 42.86% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. 6.20% of the stock is owned by company insiders.

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.