Ambac Financial Group (NYSE:AMBC – Get Rating) will issue its quarterly earnings data after the market closes on Monday, August 8th. Parties that are interested in participating in the company’s conference call can do so using this link.
Ambac Financial Group (NYSE:AMBC – Get Rating) last issued its quarterly earnings results on Tuesday, May 10th. The company reported $0.30 earnings per share (EPS) for the quarter. Ambac Financial Group had a positive return on equity of 3.31% and a negative net margin of 6.03%. The firm had revenue of $119.00 million for the quarter. During the same period last year, the firm posted $0.59 earnings per share.
Ambac Financial Group Price Performance
Shares of AMBC opened at $11.38 on Friday. Ambac Financial Group has a 52-week low of $7.24 and a 52-week high of $17.86. The company has a debt-to-equity ratio of 5.87, a quick ratio of 1.19 and a current ratio of 1.19. The business’s 50 day moving average price is $11.38 and its two-hundred day moving average price is $11.20. The firm has a market cap of $529.68 million, a PE ratio of -18.35 and a beta of 1.46.
Insider Transactions at Ambac Financial Group
Hedge Funds Weigh In On Ambac Financial Group
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in shares of Ambac Financial Group by 3.6% in the 1st quarter. Vanguard Group Inc. now owns 5,159,157 shares of the company’s stock valued at $53,655,000 after purchasing an additional 177,767 shares in the last quarter. Engineers Gate Manager LP raised its holdings in Ambac Financial Group by 316.4% during the 1st quarter. Engineers Gate Manager LP now owns 176,008 shares of the company’s stock valued at $1,830,000 after buying an additional 133,743 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Ambac Financial Group by 6.2% during the 1st quarter. Dimensional Fund Advisors LP now owns 1,566,259 shares of the company’s stock valued at $16,288,000 after buying an additional 91,106 shares during the last quarter. Ergoteles LLC bought a new stake in Ambac Financial Group during the 1st quarter valued at $918,000. Finally, Verition Fund Management LLC raised its holdings in Ambac Financial Group by 170.6% during the 1st quarter. Verition Fund Management LLC now owns 138,000 shares of the company’s stock valued at $1,435,000 after buying an additional 87,000 shares during the last quarter. Hedge funds and other institutional investors own 77.94% of the company’s stock.
Ambac Financial Group Company Profile
Ambac Financial Group, Inc, a financial services holding company, provides financial guarantees in the United States, the United Kingdom, Italy, Austria, Australia, France, and Internationally. It offers financial guarantee insurance policies; specialty property & casualty program insurance; credit derivative contracts; and interest rate derivative transactions, as well as managing general agency / underwriting services.
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