Rhumbline Advisers boosted its position in shares of Ambac Financial Group, Inc. (NASDAQ:AMBC) by 141.8% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 108,325 shares of the financial services provider’s stock after buying an additional 63,529 shares during the quarter. Rhumbline Advisers owned approximately 0.24% of Ambac Financial Group worth $2,150,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of AMBC. Wells Fargo & Company MN boosted its stake in shares of Ambac Financial Group by 5.6% during the 1st quarter. Wells Fargo & Company MN now owns 91,880 shares of the financial services provider’s stock worth $1,441,000 after acquiring an additional 4,875 shares in the last quarter. Swiss National Bank boosted its stake in shares of Ambac Financial Group by 5.9% during the 1st quarter. Swiss National Bank now owns 78,800 shares of the financial services provider’s stock worth $1,236,000 after acquiring an additional 4,400 shares in the last quarter. Schwab Charles Investment Management Inc. boosted its stake in shares of Ambac Financial Group by 12.9% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 469,733 shares of the financial services provider’s stock worth $7,366,000 after acquiring an additional 53,714 shares in the last quarter. Gator Capital Management LLC boosted its stake in shares of Ambac Financial Group by 39.8% during the 1st quarter. Gator Capital Management LLC now owns 331,758 shares of the financial services provider’s stock worth $5,202,000 after acquiring an additional 94,442 shares in the last quarter. Finally, CQS Cayman LP boosted its stake in shares of Ambac Financial Group by 20.9% during the 1st quarter. CQS Cayman LP now owns 289,645 shares of the financial services provider’s stock worth $4,542,000 after acquiring an additional 50,000 shares in the last quarter. Institutional investors own 80.70% of the company’s stock.

A number of research firms have recently issued reports on AMBC. BidaskClub upgraded Ambac Financial Group from a “buy” rating to a “strong-buy” rating in a report on Tuesday, August 14th. MKM Partners increased their target price on Ambac Financial Group to $20.00 and gave the company a “neutral” rating in a report on Friday, June 29th.

AMBC opened at $21.16 on Thursday. The firm has a market capitalization of $960.59 million, a PE ratio of 4.40 and a beta of 1.65. Ambac Financial Group, Inc. has a 12-month low of $13.17 and a 12-month high of $23.34. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 6.90.

Ambac Financial Group (NASDAQ:AMBC) last released its earnings results on Wednesday, August 8th. The financial services provider reported $0.78 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.57 by $0.21. The company had revenue of $150.64 million during the quarter, compared to analyst estimates of $146.37 million. Ambac Financial Group had a return on equity of 11.70% and a net margin of 15.40%. The company’s revenue for the quarter was down 12.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.54 earnings per share.

Ambac Financial Group Profile

Ambac Financial Group, Inc, a financial services holding company, provides financial guarantees to clients in public and private sectors worldwide. It offers financial guarantee insurance policies and credit derivative contracts for public finance, structured finance, and international finance. The company was founded in 1971 and is headquartered in New York, New York.

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

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