SG Americas Securities LLC Buys 327,822 Shares of Octave Specialty Group, Inc. $OSG

SG Americas Securities LLC raised its stake in Octave Specialty Group, Inc. (NYSE:OSG) by 434.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 403,237 shares of the company’s stock after buying an additional 327,822 shares during the quarter. SG Americas Securities LLC’s holdings in Octave Specialty Group were worth $3,641,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of OSG. JPMorgan Chase & Co. grew its holdings in Octave Specialty Group by 10.6% during the third quarter. JPMorgan Chase & Co. now owns 34,555 shares of the company’s stock worth $288,000 after buying an additional 3,324 shares in the last quarter. Prelude Capital Management LLC bought a new position in Octave Specialty Group during the 3rd quarter valued at $149,000. Bank of America Corp DE boosted its holdings in Octave Specialty Group by 22.2% during the 3rd quarter. Bank of America Corp DE now owns 203,202 shares of the company’s stock worth $1,695,000 after acquiring an additional 36,937 shares during the last quarter. Aquatic Capital Management LLC purchased a new position in Octave Specialty Group during the 3rd quarter worth $105,000. Finally, Schonfeld Strategic Advisors LLC grew its stake in shares of Octave Specialty Group by 92.0% in the 3rd quarter. Schonfeld Strategic Advisors LLC now owns 548,442 shares of the company’s stock worth $4,574,000 after acquiring an additional 262,861 shares in the last quarter. Institutional investors own 80.92% of the company’s stock.

Octave Specialty Group Trading Down 0.2%

Shares of OSG stock opened at $4.58 on Friday. The company has a quick ratio of 1.06, a current ratio of 1.06 and a debt-to-equity ratio of 0.14. The firm has a market cap of $205.96 million, a P/E ratio of -0.77 and a beta of 0.88. The company has a 50 day moving average of $5.49 and a 200-day moving average of $6.81. Octave Specialty Group, Inc. has a 12-month low of $4.44 and a 12-month high of $10.38.

Octave Specialty Group (NYSE:OSG) last posted its quarterly earnings data on Monday, February 23rd. The company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.21) by $0.19. Octave Specialty Group had a negative return on equity of 2.87% and a negative net margin of 104.17%.The business had revenue of $66.90 million for the quarter, compared to the consensus estimate of $84.70 million. Sell-side analysts anticipate that Octave Specialty Group, Inc. will post 0.6 earnings per share for the current year.

Analyst Ratings Changes

OSG has been the subject of several analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Octave Specialty Group in a report on Monday, December 29th. Wall Street Zen raised shares of Octave Specialty Group from a “strong sell” rating to a “hold” rating in a research report on Saturday, February 28th. One research analyst has rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $15.00.

About Octave Specialty Group

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.