Ambac Financial Group, Inc. (NYSE:AMBC) Holdings Boosted by Royce & Associates LP

Royce & Associates LP raised its position in Ambac Financial Group, Inc. (NYSE:AMBC) by 97.6% during the 4th quarter, Holdings Channel.com reports. The firm owned 72,934 shares of the company’s stock after acquiring an additional 36,015 shares during the quarter. Royce & Associates LP’s holdings in Ambac Financial Group were worth $923,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Swiss National Bank increased its stake in shares of Ambac Financial Group by 4.6% in the fourth quarter. Swiss National Bank now owns 93,300 shares of the company’s stock valued at $1,180,000 after purchasing an additional 4,100 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Ambac Financial Group in the fourth quarter valued at approximately $598,000. Amundi increased its stake in shares of Ambac Financial Group by 224.4% in the fourth quarter. Amundi now owns 24,217 shares of the company’s stock valued at $281,000 after purchasing an additional 16,752 shares during the period. Aigen Investment Management LP acquired a new stake in shares of Ambac Financial Group in the fourth quarter valued at approximately $146,000. Finally, VELA Investment Management LLC acquired a new stake in shares of Ambac Financial Group in the fourth quarter valued at approximately $792,000. Institutional investors and hedge funds own 84.49% of the company’s stock.

Ambac Financial Group Price Performance

NYSE AMBC opened at $8.78 on Friday. Ambac Financial Group, Inc. has a 12 month low of $7.92 and a 12 month high of $18.45. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.58 and a quick ratio of 0.58. The firm has a market capitalization of $406.19 million, a PE ratio of -19.10 and a beta of 1.26. The company’s 50 day simple moving average is $10.62 and its 200 day simple moving average is $11.43.

Ambac Financial Group (NYSE:AMBC) last posted its quarterly earnings data on Wednesday, February 26th. The company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of $0.06 by ($0.18). Ambac Financial Group had a negative net margin of 6.28% and a positive return on equity of 2.51%. The company had revenue of $18.93 million for the quarter, compared to analyst estimates of $24.83 million. As a group, equities research analysts forecast that Ambac Financial Group, Inc. will post 0.6 EPS for the current fiscal year.

Ambac Financial Group Company 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.