Gator Capital Management LLC Sells 50,883 Shares of Ambac Financial Group, Inc. (NYSE:AMBC)

Gator Capital Management LLC trimmed its stake in shares of Ambac Financial Group, Inc. (NYSE:AMBC) by 70.4% in the fourth quarter, according to the company in its most recent filing with the SEC. The firm owned 21,435 shares of the company’s stock after selling 50,883 shares during the quarter. Gator Capital Management LLC’s holdings in Ambac Financial Group were worth $271,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of AMBC. Point72 DIFC Ltd acquired a new stake in shares of Ambac Financial Group during the 3rd quarter worth approximately $46,000. Aigen Investment Management LP bought a new stake in Ambac Financial Group during the 4th quarter worth $146,000. AXQ Capital LP acquired a new position in Ambac Financial Group in the 4th quarter worth about $153,000. KLP Kapitalforvaltning AS acquired a new stake in shares of Ambac Financial Group during the fourth quarter valued at about $157,000. Finally, XTX Topco Ltd acquired a new position in shares of Ambac Financial Group in the third quarter valued at approximately $172,000. 84.49% of the stock is owned by institutional investors and hedge funds.

Ambac Financial Group Stock Down 9.6 %

NYSE:AMBC opened at $7.08 on Friday. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.58 and a quick ratio of 0.58. Ambac Financial Group, Inc. has a one year low of $7.05 and a one year high of $18.45. The firm’s 50 day simple moving average is $10.04 and its 200 day simple moving average is $11.26. The company has a market cap of $327.16 million, a PE ratio of -15.38 and a beta of 1.09.

Ambac Financial Group (NYSE:AMBC) last issued its quarterly earnings data on Wednesday, February 26th. The company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.18). The business had revenue of $18.93 million during the quarter, compared to the consensus estimate of $24.83 million. Ambac Financial Group had a positive return on equity of 2.51% and a negative net margin of 6.28%. On average, research analysts anticipate that Ambac Financial Group, Inc. will post 0.6 earnings per share for the current year.

Ambac Financial Group Company Profile

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.