Paloma Partners Management Co Acquires Shares of 33,068 Ambac Financial Group, Inc. (NYSE:AMBC)

Paloma Partners Management Co acquired a new stake in shares of Ambac Financial Group, Inc. (NYSE:AMBC) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 33,068 shares of the company’s stock, valued at approximately $371,000. Paloma Partners Management Co owned about 0.07% of Ambac Financial Group as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Quarry LP lifted its holdings in shares of Ambac Financial Group by 830.7% in the 2nd quarter. Quarry LP now owns 2,364 shares of the company’s stock valued at $30,000 after acquiring an additional 2,110 shares during the last quarter. nVerses Capital LLC lifted its holdings in shares of Ambac Financial Group by 525.0% in the 2nd quarter. nVerses Capital LLC now owns 5,000 shares of the company’s stock valued at $64,000 after acquiring an additional 4,200 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Ambac Financial Group by 20.0% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,826 shares of the company’s stock valued at $126,000 after acquiring an additional 1,637 shares during the last quarter. Creative Planning bought a new position in shares of Ambac Financial Group in the 3rd quarter valued at about $156,000. Finally, SG Americas Securities LLC bought a new position in shares of Ambac Financial Group in the 3rd quarter valued at about $185,000. Institutional investors own 84.49% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Roth Capital raised shares of Ambac Financial Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday, September 18th. StockNews.com lowered shares of Ambac Financial Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 14th. Finally, Roth Mkm raised shares of Ambac Financial Group from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $13.00 to $15.00 in a research report on Wednesday, September 18th.

Insider Buying and Selling

In related news, Director Kristi Ann Matus bought 2,700 shares of Ambac Financial Group stock in a transaction dated Thursday, September 26th. The shares were acquired at an average cost of $11.27 per share, with a total value of $30,429.00. Following the completion of the transaction, the director now owns 2,700 shares in the company, valued at $30,429. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 5.00% of the stock is currently owned by corporate insiders.

Ambac Financial Group Stock Performance

Ambac Financial Group stock opened at $12.79 on Thursday. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.58 and a quick ratio of 0.58. Ambac Financial Group, Inc. has a 1-year low of $10.12 and a 1-year high of $18.45. The firm has a market capitalization of $606.80 million, a P/E ratio of -27.80 and a beta of 1.25. The company’s 50-day moving average is $11.76 and its 200 day moving average is $12.36.

Ambac Financial Group 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.