Western Standard LLC Has $5.74 Million Stake in Ambac Financial Group, Inc. (NYSE:AMBC)

Western Standard LLC boosted its holdings in shares of Ambac Financial Group, Inc. (NYSE:AMBC - Free Report) by 64.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 453,530 shares of the company's stock after purchasing an additional 177,567 shares during the period. Ambac Financial Group comprises approximately 3.8% of Western Standard LLC's investment portfolio, making the stock its 11th biggest position. Western Standard LLC owned 0.96% of Ambac Financial Group worth $5,737,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in AMBC. Two Sigma Advisers LP bought a new position in shares of Ambac Financial Group in the 4th quarter valued at $267,000. Two Sigma Investments LP lifted its stake in shares of Ambac Financial Group by 41.1% in the 4th quarter. Two Sigma Investments LP now owns 132,295 shares of the company's stock valued at $1,674,000 after acquiring an additional 38,540 shares during the last quarter. Point72 Asset Management L.P. bought a new position in shares of Ambac Financial Group in the 4th quarter valued at $92,000. ProShare Advisors LLC bought a new position in shares of Ambac Financial Group in the 4th quarter valued at $174,000. Finally, Nuveen Asset Management LLC lifted its stake in shares of Ambac Financial Group by 65.5% in the 4th quarter. Nuveen Asset Management LLC now owns 824,357 shares of the company's stock valued at $10,428,000 after acquiring an additional 326,149 shares during the last quarter. 84.49% of the stock is currently owned by institutional investors.

Insider Activity at Ambac Financial Group

In related news, Director Jeffrey Scott Stein acquired 15,000 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The stock was acquired at an average cost of $6.46 per share, for a total transaction of $96,900.00. Following the completion of the acquisition, the director now directly owns 50,000 shares of the company's stock, valued at approximately $323,000. This trade represents a 42.86% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 6.20% of the stock is currently owned by company insiders.

Ambac Financial Group Price Performance

Shares of AMBC traded up $0.21 during trading hours on Thursday, reaching $7.78. The stock had a trading volume of 936,086 shares, compared to its average volume of 736,320. Ambac Financial Group, Inc. has a 12 month low of $5.99 and a 12 month high of $18.40. The stock has a market capitalization of $361.25 million, a PE ratio of -16.92 and a beta of 0.86. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.58 and a current ratio of 0.58. The company's 50-day moving average is $7.79 and its two-hundred day moving average is $10.29.

Ambac Financial Group (NYSE:AMBC - Get Free Report) last announced its quarterly earnings results on Monday, May 12th. The company reported ($0.13) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.06). The firm 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%. Research 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.