AXQ Capital LP Purchases New Holdings in Ambac Financial Group, Inc. (NYSE:AMBC)

AXQ Capital LP acquired a new position in Ambac Financial Group, Inc. (NYSE:AMBC) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 12,112 shares of the company’s stock, valued at approximately $153,000.

Several other institutional investors also recently modified their holdings of AMBC. Point72 DIFC Ltd bought a new position in Ambac Financial Group in the third quarter worth $46,000. Aigen Investment Management LP bought a new position in shares of Ambac Financial Group during the 4th quarter worth about $146,000. XTX Topco Ltd bought a new stake in Ambac Financial Group in the third quarter valued at about $172,000. Maryland State Retirement & Pension System acquired a new position in Ambac Financial Group in the fourth quarter worth about $201,000. Finally, Wexford Capital LP acquired a new stake in Ambac Financial Group during the third quarter valued at approximately $202,000. Institutional investors and hedge funds own 84.49% of the company’s stock.

Ambac Financial Group Trading Up 1.7 %

Shares of AMBC opened at $8.92 on Tuesday. 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 stock has a market cap of $412.25 million, a PE ratio of -19.38 and a beta of 1.26. Ambac Financial Group, Inc. has a 1 year low of $7.92 and a 1 year high of $18.45. The stock has a 50 day simple moving average of $10.58 and a 200-day simple moving average of $11.41.

Ambac Financial Group (NYSE:AMBC) last issued its quarterly earnings data on Wednesday, February 26th. The company reported ($0.12) earnings per share (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 the consensus estimate of $24.83 million. On average, sell-side analysts predict 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.