Ambac Financial Group, Inc. (AMBC) CFO David Trick Buys 3,000 Shares
Ambac Financial Group, Inc. (NASDAQ:AMBC) CFO David Trick acquired 3,000 shares of the business’s stock in a transaction on Monday, May 13th. The stock was purchased at an average cost of $16.68 per share, with a total value of $50,040.00. Following the acquisition, the chief financial officer now directly owns 53,713 shares of the company’s stock, valued at approximately $895,932.84. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.
AMBC traded up $0.14 on Thursday, reaching $17.10. The stock had a trading volume of 9,153 shares, compared to its average volume of 245,106. Ambac Financial Group, Inc. has a 12-month low of $15.02 and a 12-month high of $23.34. The company has a quick ratio of 1.26, a current ratio of 1.26 and a debt-to-equity ratio of 5.20.
Ambac Financial Group (NASDAQ:AMBC) last released its quarterly earnings data on Thursday, May 9th. The financial services provider reported ($0.20) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.16) by ($0.04). Ambac Financial Group had a negative net margin of 37.35% and a negative return on equity of 2.12%. The firm had revenue of $100.37 million during the quarter, compared to analysts’ expectations of $79.65 million. During the same period in the previous year, the firm posted $7.22 EPS.
A number of research analysts have weighed in on the stock. BidaskClub cut shares of Ambac Financial Group from a “buy” rating to a “hold” rating in a report on Tuesday, January 22nd. TheStreet cut shares of Ambac Financial Group from a “c” rating to a “d+” rating in a report on Tuesday.
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Ambac Financial Group Company Profile
Ambac Financial Group, Inc, a financial services holding company, provides financial guarantees to public and private sector clients in the United States, the United Kingdom, Italy, Austria, Australia, France, and Internationally. It offers financial guarantee insurance policies; and credit derivative contracts and Interest rate derivative transactions.
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