Ambac Financial Group (AMBC) Scheduled to Post Earnings on Monday

Ambac Financial Group (NYSE:AMBCGet 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:AMBCGet 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

In related news, Director Lisa G. Iglesias purchased 6,250 shares of the firm’s stock in a transaction that occurred on Thursday, May 12th. The stock was acquired at an average price of $7.99 per share, for a total transaction of $49,937.50. Following the completion of the acquisition, the director now owns 14,550 shares of the company’s stock, valued at approximately $116,254.50. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other Ambac Financial Group news, CEO Claude Leblanc purchased 3,000 shares of the stock in a transaction dated Friday, May 13th. The shares were bought at an average price of $8.72 per share, with a total value of $26,160.00. Following the completion of the transaction, the chief executive officer now directly owns 406,600 shares in the company, valued at approximately $3,545,552. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Lisa G. Iglesias purchased 6,250 shares of the stock in a transaction dated Thursday, May 12th. The stock was acquired at an average cost of $7.99 per share, for a total transaction of $49,937.50. Following the transaction, the director now owns 14,550 shares of the company’s stock, valued at $116,254.50. The disclosure for this purchase can be found here. Insiders have bought 19,500 shares of company stock valued at $162,245 over the last ninety days. 2.40% of the stock is owned by company insiders.

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

(Get Rating)

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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Earnings History for Ambac Financial Group (NYSE:AMBC)

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