Insider Buying: Ambac Financial Group, Inc. (AMBC) CEO Purchases 2,000 Shares of Stock

Ambac Financial Group, Inc. (NASDAQ:AMBC) CEO Claude Leblanc bought 2,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were purchased at an average cost of $15.95 per share, with a total value of $31,900.00. Following the purchase, the chief executive officer now directly owns 99,030 shares of the company’s stock, valued at $1,579,528.50. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website.

Claude Leblanc also recently made the following trade(s):

  • On Friday, May 17th, Claude Leblanc bought 3,500 shares of Ambac Financial Group stock. The shares were purchased at an average cost of $16.48 per share, with a total value of $57,680.00.
  • On Monday, May 13th, Claude Leblanc bought 13,500 shares of Ambac Financial Group stock. The shares were purchased at an average cost of $16.81 per share, with a total value of $226,935.00.

AMBC stock traded down $0.27 during trading hours on Thursday, hitting $16.11. 334,445 shares of the stock traded hands, compared to its average volume of 247,208. Ambac Financial Group, Inc. has a one year low of $15.02 and a one year high of $23.34. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 5.20.



Ambac Financial Group (NASDAQ:AMBC) last announced its earnings results on Thursday, May 9th. The financial services provider reported ($0.20) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.16) by ($0.04). Ambac Financial Group had a negative net margin of 37.35% and a negative return on equity of 2.12%. The firm had revenue of $100.37 million for the quarter, compared to the consensus estimate of $79.65 million. During the same period in the prior year, the business earned $7.22 EPS.

Several large investors have recently added to or reduced their stakes in the stock. Piedmont Investment Advisors Inc. boosted its position in shares of Ambac Financial Group by 5.9% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 11,421 shares of the financial services provider’s stock valued at $207,000 after purchasing an additional 633 shares during the period. Thrivent Financial for Lutherans boosted its position in Ambac Financial Group by 2.2% during the 4th quarter. Thrivent Financial for Lutherans now owns 32,467 shares of the financial services provider’s stock worth $560,000 after acquiring an additional 714 shares during the period. PNC Financial Services Group Inc. boosted its position in Ambac Financial Group by 104.8% during the 1st quarter. PNC Financial Services Group Inc. now owns 1,743 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 892 shares during the period. Comerica Bank boosted its position in Ambac Financial Group by 2.4% during the 1st quarter. Comerica Bank now owns 45,009 shares of the financial services provider’s stock worth $809,000 after acquiring an additional 1,075 shares during the period. Finally, Macquarie Group Ltd. boosted its position in Ambac Financial Group by 183.3% during the 4th quarter. Macquarie Group Ltd. now owns 1,700 shares of the financial services provider’s stock worth $29,000 after acquiring an additional 1,100 shares during the period. Institutional investors and hedge funds own 82.49% of the company’s stock.

Several research analysts recently weighed in on AMBC shares. TheStreet cut Ambac Financial Group from a “c” rating to a “d+” rating in a research note on Tuesday, May 14th. BidaskClub cut Ambac Financial Group from a “hold” rating to a “sell” rating in a research note on Friday, March 22nd.

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About Ambac Financial Group

Ambac Financial Group, Inc, a financial services holding company, provides financial guarantees to public and private sector clients in the United States, the United Kingdom, Italy, Austria, Australia, France, and Internationally. It offers financial guarantee insurance policies; and credit derivative contracts and Interest rate derivative transactions.

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