Arrowpoint Investment Partners Singapore Pte. Ltd. Acquires Shares of 203,011 Octave Specialty Group, Inc. $OSG

Arrowpoint Investment Partners Singapore Pte. Ltd. acquired a new stake in Octave Specialty Group, Inc. (NYSE:OSG) in the 4th quarter, Holdings Channel.com reports. The fund acquired 203,011 shares of the company’s stock, valued at approximately $1,579,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Federated Hermes Inc. acquired a new position in shares of Octave Specialty Group in the 2nd quarter valued at approximately $37,000. Russell Investments Group Ltd. raised its position in shares of Octave Specialty Group by 613.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,916 shares of the company’s stock valued at $41,000 after buying an additional 4,227 shares in the last quarter. CWM LLC acquired a new position in shares of Octave Specialty Group in the 4th quarter valued at approximately $44,000. Inscription Capital LLC acquired a new position in shares of Octave Specialty Group in the 4th quarter valued at approximately $84,000. Finally, Cerity Partners LLC acquired a new position in shares of Octave Specialty Group in the 2nd quarter valued at approximately $84,000. 80.92% of the stock is currently owned by institutional investors and hedge funds.

Octave Specialty Group Price Performance

Shares of NYSE:OSG opened at $5.39 on Friday. The company has a market cap of $242.78 million, a price-to-earnings ratio of -1.11 and a beta of 0.86. The company has a debt-to-equity ratio of 0.14, a current ratio of 1.05 and a quick ratio of 1.05. The firm has a 50 day simple moving average of $4.96 and a 200 day simple moving average of $5.71. Octave Specialty Group, Inc. has a one year low of $3.88 and a one year high of $10.38.

Octave Specialty Group (NYSE:OSG) last issued its quarterly earnings data on Wednesday, May 6th. The company reported $0.37 EPS for the quarter, beating the consensus estimate of $0.02 by $0.35. The business had revenue of $104.17 million during the quarter, compared to the consensus estimate of $17.77 million. Octave Specialty Group had a negative net margin of 75.91% and a negative return on equity of 0.55%. Research analysts predict that Octave Specialty Group, Inc. will post 0.45 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on OSG shares. Zacks Research upgraded shares of Octave Specialty Group from a “hold” rating to a “strong-buy” rating in a research report on Monday, May 11th. Weiss Ratings raised shares of Octave Specialty Group from a “sell (e+)” rating to a “sell (d-)” rating in a report on Friday, May 22nd. Finally, Wall Street Zen raised shares of Octave Specialty Group from a “strong sell” rating to a “hold” rating in a report on Saturday, February 28th. One research analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $15.00.

Octave Specialty Group Company Profile

Ambac Financial Group, Inc (NYSE:AMBC) is a specialized financial services holding company headquartered in New York City. Through its principal subsidiary, Ambac Assurance Corporation, the company provides financial guarantee insurance and surety bonds designed to enhance the credit quality of public finance and structured finance transactions. Ambac’s offerings are tailored to municipal issuers, financial institutions and corporate borrowers, supporting infrastructure projects, energy and transportation initiatives, as well as asset-backed securities.

Ambac’s core business activities center on credit enhancement and risk-transfer solutions.