Seizert Capital Partners LLC Takes Position in Ambac Financial Group, Inc. (AMBC)

Seizert Capital Partners LLC bought a new stake in shares of Ambac Financial Group, Inc. (NASDAQ:AMBC) during the first quarter, Holdings Channel reports. The fund bought 140,874 shares of the financial services provider’s stock, valued at approximately $2,657,000.

Several other large investors have also recently added to or reduced their stakes in AMBC. BlackRock Investment Management LLC boosted its stake in Ambac Financial Group by 1.1% in the third quarter. BlackRock Investment Management LLC now owns 164,090 shares of the financial services provider’s stock valued at $3,018,000 after buying an additional 1,753 shares during the period. HBK Investments L P boosted its stake in Ambac Financial Group by 5.4% in the third quarter. HBK Investments L P now owns 25,200 shares of the financial services provider’s stock valued at $463,000 after buying an additional 1,300 shares during the period. Goldentree Asset Management LP purchased a new stake in Ambac Financial Group during the third quarter valued at approximately $1,925,000. Connor Clark & Lunn Investment Management Ltd. boosted its stake in Ambac Financial Group by 7.2% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 407,313 shares of the financial services provider’s stock valued at $7,490,000 after buying an additional 27,313 shares during the period. Finally, Russell Investments Group Ltd. purchased a new stake in Ambac Financial Group during the fourth quarter valued at approximately $6,040,000. 73.15% of the stock is owned by institutional investors.

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

Ambac Financial Group, Inc. (NASDAQ:AMBC) traded up 2.04% during midday trading on Friday, hitting $16.49. The stock had a trading volume of 516,331 shares. The stock’s market cap is $745.81 million. Ambac Financial Group, Inc. has a 1-year low of $14.76 and a 1-year high of $27.25. The company has a 50-day moving average of $18.72 and a 200-day moving average of $21.13.

Ambac Financial Group (NASDAQ:AMBC) last announced its quarterly earnings results on Wednesday, May 10th. The financial services provider reported ($2.01) EPS for the quarter, missing the Zacks’ consensus estimate of $3.01 by $5.02. Ambac Financial Group had a net margin of 126.93% and a return on equity of 46.96%. The firm had revenue of $126.20 million during the quarter, compared to the consensus estimate of $136.46 million. During the same quarter in the previous year, the company posted $4.82 earnings per share. The firm’s revenue was down 46.9% on a year-over-year basis. Equities research analysts forecast that Ambac Financial Group, Inc. will post $0.70 EPS for the current year.

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Several equities research analysts have recently commented on AMBC shares. BTIG Research raised Ambac Financial Group from a “neutral” rating to a “buy” rating and set a $28.00 target price for the company in a research note on Wednesday, March 1st. MKM Partners raised Ambac Financial Group from a “sell” rating to a “neutral” rating and set a $17.00 target price for the company in a research note on Friday, May 12th.

In other news, CEO Claude Leblanc purchased 20,000 shares of the company’s stock in a transaction dated Friday, March 17th. The stock was bought at an average cost of $19.55 per share, for a total transaction of $391,000.00. Following the purchase, the chief executive officer now owns 17,542 shares of the company’s stock, valued at $342,946.10. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.00% of the stock is currently owned by corporate insiders.

5 Day Chart for NASDAQ:AMBC

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