Keefe, Bruyette & Woods Upgrades Octave Specialty Group (NYSE:OSG) to Moderate Buy

Octave Specialty Group (NYSE:OSG) was upgraded by equities research analysts at Keefe, Bruyette & Woods to a “moderate buy” rating in a research note issued to investors on Thursday,Zacks.com reports.

Several other equities analysts have also recently issued reports on the stock. Weiss Ratings raised shares of Octave Specialty Group from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, August 20th. Zacks Research cut shares of Octave Specialty Group from a “strong-buy” rating to a “hold” rating in a report on Monday, July 6th. Two analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $11.50.

Octave Specialty Group Stock Up 2.2%

OSG opened at $4.61 on Thursday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 0.92 and a current ratio of 0.92. The company has a market capitalization of $207.68 million, a PE ratio of -1.26 and a beta of 0.85. The stock’s fifty day moving average is $5.55 and its 200-day moving average is $5.33. Octave Specialty Group has a one year low of $3.88 and a one year high of $10.38.

Octave Specialty Group (NYSE:OSG) last announced its earnings results on Thursday, August 6th. The company reported ($0.04) earnings per share for the quarter, missing the consensus estimate of ($0.01) by ($0.03). Octave Specialty Group had a negative net margin of 51.10% and a positive return on equity of 0.44%. The firm had revenue of $83.00 million for the quarter, compared to the consensus estimate of $22.79 million. On average, equities analysts predict that Octave Specialty Group will post 0.19 EPS for the current fiscal year.

Institutional Trading of Octave Specialty Group

Hedge funds have recently modified their holdings of the business. Western Standard LLC acquired a new stake in shares of Octave Specialty Group in the fourth quarter worth $19,486,000. Wolf Hill Capital Management LP acquired a new position in Octave Specialty Group during the fourth quarter valued at $14,696,000. Dimensional Fund Advisors LP purchased a new stake in Octave Specialty Group in the 4th quarter worth about $13,114,000. Gendell Jeffrey L purchased a new stake in Octave Specialty Group in the 4th quarter worth about $12,210,000. Finally, Geode Capital Management LLC acquired a new stake in Octave Specialty Group during the 4th quarter worth about $7,973,000. Hedge funds and other institutional investors own 80.92% of the company’s stock.

Octave Specialty Group Company Profile

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.