Versor Investments LP Acquires New Shares in Ambac Financial Group, Inc. (NYSE:AMBC)

Posted by on Apr 15th, 2023

Versor Investments LP acquired a new stake in shares of Ambac Financial Group, Inc. (NYSE:AMBC – Get Rating) during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm acquired 24,700 shares of the company’s stock, valued at approximately $431,000. Versor Investments LP owned approximately 0.05% of Ambac Financial Group as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of AMBC. Price T Rowe Associates Inc. MD lifted its holdings in Ambac Financial Group by 1.9% during the 3rd quarter. Price T Rowe Associates Inc. MD now owns 43,895 shares of the company’s stock worth $560,000 after buying an additional 835 shares during the period. Mutual of America Capital Management LLC lifted its holdings in Ambac Financial Group by 18.3% during the 3rd quarter. Mutual of America Capital Management LLC now owns 8,946 shares of the company’s stock worth $114,000 after buying an additional 1,381 shares during the period. Hightower 6M Holding LLC lifted its holdings in Ambac Financial Group by 13.8% during the 3rd quarter. Hightower 6M Holding LLC now owns 16,319 shares of the company’s stock worth $208,000 after buying an additional 1,984 shares during the period. Exchange Traded Concepts LLC lifted its holdings in Ambac Financial Group by 3.4% during the 4th quarter. Exchange Traded Concepts LLC now owns 63,735 shares of the company’s stock worth $1,112,000 after buying an additional 2,124 shares during the period. Finally, Thrivent Financial for Lutherans lifted its holdings in Ambac Financial Group by 5.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 46,479 shares of the company’s stock worth $593,000 after buying an additional 2,229 shares during the period. Institutional investors and hedge funds own 69.84% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research analysts have commented on AMBC shares. Roth Capital reaffirmed a “neutral” rating on shares of Ambac Financial Group in a report on Wednesday, March 1st. StockNews.com started coverage on Ambac Financial Group in a report on Friday, March 17th. They set a “hold” rating on the stock.

Ambac Financial Group Stock Up 0.1 %

Shares of NYSE:AMBC opened at $15.10 on Friday. The company has a market capitalization of $683.88 million, a price-to-earnings ratio of 1.32 and a beta of 1.15. The company has a debt-to-equity ratio of 2.87, a current ratio of 0.80 and a quick ratio of 0.80. The business’s 50-day moving average is $15.64 and its 200-day moving average is $15.78. Ambac Financial Group, Inc. has a 1 year low of $7.24 and a 1 year high of $17.75.

Ambac Financial Group (NYSE:AMBC – Get Rating) last announced its quarterly earnings data on Tuesday, February 28th. The company reported $4.18 earnings per share (EPS) for the quarter. The company had revenue of $219.00 million for the quarter. Ambac Financial Group had a return on equity of 52.87% and a net margin of 103.61%. Equities research analysts predict that Ambac Financial Group, Inc. will post -1.25 earnings per share for the current year.

Ambac Financial Group Company Profile

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Ambac Financial Group, Inc is a holding company, which engages in the provision of financial guarantee insurance policies through its subsidiary, Ambac Assurance Corp. Its services include credit, insurance, asset management and other financial services. The company was founded on April 29, 1991 and is headquartered in New York, NY.

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Institutional Ownership by Quarter for Ambac Financial Group (NYSE:AMBC)

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