Ambac Financial Group Inc. (NASDAQ:AMBC) CEO Tavakoli Nader bought 12,000 shares of the stock in a transaction dated Tuesday, September 20th. The stock was bought at an average price of $18.06 per share, for a total transaction of $216,720.00. Following the purchase, the chief executive officer now directly owns 256,842 shares of the company’s stock, valued at $4,638,566.52. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

Tavakoli Nader also recently made the following trade(s):

  • On Monday, June 27th, Tavakoli Nader bought 20,000 shares of Ambac Financial Group stock. The stock was bought at an average price of $15.07 per share, for a total transaction of $301,400.00.

Ambac Financial Group Inc. (NASDAQ:AMBC) opened at 18.14 on Wednesday. The firm’s 50-day moving average price is $18.10 and its 200-day moving average price is $16.78. The stock has a market cap of $818.49 million, a P/E ratio of 12.87 and a beta of 1.81. Ambac Financial Group Inc. has a 12 month low of $11.92 and a 12 month high of $19.35.

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Ambac Financial Group (NASDAQ:AMBC) last posted its quarterly earnings results on Tuesday, August 9th. The company reported $2.54 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.05 by $1.49. Ambac Financial Group had a return on equity of 52.76% and a net margin of 16.77%. The company had revenue of $106.70 million for the quarter, compared to analysts’ expectations of $119.30 million. During the same period last year, the firm earned $5.70 earnings per share. Ambac Financial Group’s quarterly revenue was down 53.8% on a year-over-year basis. On average, analysts predict that Ambac Financial Group Inc. will post $8.40 earnings per share for the current year.

Hedge funds have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio boosted its stake in Ambac Financial Group by 3.6% in the second quarter. Public Employees Retirement System of Ohio now owns 9,521 shares of the company’s stock worth $157,000 after buying an additional 330 shares in the last quarter. Teacher Retirement System of Texas boosted its stake in Ambac Financial Group by 13.8% in the second quarter. Teacher Retirement System of Texas now owns 6,284 shares of the company’s stock worth $103,000 after buying an additional 763 shares in the last quarter. Swiss National Bank boosted its stake in Ambac Financial Group by 1.8% in the second quarter. Swiss National Bank now owns 74,700 shares of the company’s stock worth $1,230,000 after buying an additional 1,300 shares in the last quarter. BB&T Securities LLC boosted its stake in Ambac Financial Group by 6.2% in the second quarter. BB&T Securities LLC now owns 27,247 shares of the company’s stock worth $448,000 after buying an additional 1,600 shares in the last quarter. Finally, Teachers Advisors Inc. boosted its stake in Ambac Financial Group by 2.7% in the second quarter. Teachers Advisors Inc. now owns 73,023 shares of the company’s stock worth $1,202,000 after buying an additional 1,917 shares in the last quarter. Institutional investors own 72.23% of the company’s stock.

A number of analysts have recently commented on AMBC shares. BTIG Research restated a “hold” rating on shares of Ambac Financial Group in a research note on Wednesday, August 10th. TheStreet downgraded Ambac Financial Group from a “hold” rating to a “sell” rating in a research report on Tuesday, August 9th.

Ambac Financial Group Company Profile

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