Western Standard LLC Purchases Shares of 275,963 Ambac Financial Group, Inc. (NYSE:AMBC)

Western Standard LLC purchased a new position in Ambac Financial Group, Inc. (NYSE:AMBCFree Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 275,963 shares of the company’s stock, valued at approximately $3,094,000. Ambac Financial Group accounts for about 2.9% of Western Standard LLC’s investment portfolio, making the stock its 15th biggest position.

Several other large investors also recently added to or reduced their stakes in AMBC. PDT Partners LLC grew its position in Ambac Financial Group by 1.7% in the third quarter. PDT Partners LLC now owns 63,382 shares of the company’s stock worth $711,000 after acquiring an additional 1,032 shares in the last quarter. Public Sector Pension Investment Board boosted its holdings in shares of Ambac Financial Group by 0.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 172,656 shares of the company’s stock worth $1,935,000 after purchasing an additional 1,200 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Ambac Financial Group by 20.0% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,826 shares of the company’s stock valued at $126,000 after purchasing an additional 1,637 shares during the last quarter. Price T Rowe Associates Inc. MD raised its holdings in shares of Ambac Financial Group by 5.1% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 38,405 shares of the company’s stock valued at $601,000 after buying an additional 1,861 shares in the last quarter. Finally, Quarry LP lifted its position in Ambac Financial Group by 830.7% in the 2nd quarter. Quarry LP now owns 2,364 shares of the company’s stock worth $30,000 after buying an additional 2,110 shares during the last quarter. Institutional investors own 84.49% of the company’s stock.

Ambac Financial Group Price Performance

AMBC opened at $12.82 on Friday. The stock’s 50 day moving average price is $11.79 and its 200-day moving average price is $12.37. Ambac Financial Group, Inc. has a 52-week low of $10.12 and a 52-week high of $18.45. The stock has a market capitalization of $608.18 million, a PE ratio of -27.87 and a beta of 1.25. The company has a debt-to-equity ratio of 2.10, a quick ratio of 0.58 and a current ratio of 0.58.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the stock. StockNews.com cut shares of Ambac Financial Group from a “hold” rating to a “sell” rating in a research note on Wednesday, August 14th. Roth Capital raised Ambac Financial Group from a “hold” rating to a “strong-buy” rating in a research note on Wednesday, September 18th. Finally, Roth Mkm raised Ambac Financial Group from a “neutral” rating to a “buy” rating and boosted their target price for the company from $13.00 to $15.00 in a research note on Wednesday, September 18th.

Check Out Our Latest Stock Analysis on AMBC

Insider Buying and Selling at Ambac Financial Group

In other news, Director Kristi Ann Matus bought 2,700 shares of the stock in a transaction dated Thursday, September 26th. The stock was bought at an average price of $11.27 per share, for a total transaction of $30,429.00. Following the purchase, the director now directly owns 2,700 shares in the company, valued at $30,429. This trade represents a ∞ increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 5.00% of the company’s stock.

About Ambac Financial Group

(Free Report)

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.

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

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