Texas Permanent School Fund Corp Has $640,000 Stock Holdings in Ambac Financial Group, Inc. (NYSE:AMBC)

Texas Permanent School Fund Corp increased its position in Ambac Financial Group, Inc. (NYSE:AMBC) by 26.1% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 49,890 shares of the company’s stock after purchasing an additional 10,336 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Ambac Financial Group were worth $640,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Gendell Jeffrey L boosted its position in shares of Ambac Financial Group by 118.0% in the 1st quarter. Gendell Jeffrey L now owns 434,313 shares of the company’s stock worth $6,788,000 after purchasing an additional 235,058 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Ambac Financial Group by 2.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 2,603,679 shares of the company’s stock worth $42,908,000 after buying an additional 65,733 shares during the last quarter. Jackson Creek Investment Advisors LLC acquired a new position in shares of Ambac Financial Group during the 2nd quarter worth about $817,000. Assetmark Inc. grew its position in shares of Ambac Financial Group by 100.3% during the 4th quarter. Assetmark Inc. now owns 91,123 shares of the company’s stock worth $1,502,000 after buying an additional 45,630 shares during the period. Finally, Versor Investments LP bought a new stake in shares of Ambac Financial Group in the 2nd quarter valued at about $218,000. 84.49% of the stock is owned by institutional investors.

Ambac Financial Group Stock Performance

Shares of AMBC stock opened at $11.37 on Friday. The company has a debt-to-equity ratio of 2.37, a quick ratio of 0.62 and a current ratio of 0.62. Ambac Financial Group, Inc. has a 52 week low of $10.12 and a 52 week high of $18.45. The company’s 50 day moving average price is $11.64 and its two-hundred day moving average price is $13.78. The company has a market capitalization of $514.21 million, a P/E ratio of 8.68 and a beta of 1.24.

Ambac Financial Group (NYSE:AMBC) last issued its quarterly earnings data on Monday, August 5th. The company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The company had revenue of $105.00 million for the quarter. Ambac Financial Group had a return on equity of 10.79% and a net margin of 19.27%. During the same quarter last year, the firm posted $0.07 EPS. On average, analysts expect that Ambac Financial Group, Inc. will post 1.3 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on the stock. StockNews.com cut shares of Ambac Financial Group from a “hold” rating to a “sell” rating in a report on Wednesday, August 14th. Roth Capital raised shares of Ambac Financial Group from a “hold” rating to a “strong-buy” rating in a report on Wednesday. Finally, Roth Mkm raised Ambac Financial Group from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $13.00 to $15.00 in a research note on Wednesday.

Insider Transactions at Ambac Financial Group

In other Ambac Financial Group news, General Counsel Stephen Michael Ksenak acquired 5,000 shares of the business’s stock in a transaction dated Wednesday, August 7th. The shares were acquired at an average price of $11.00 per share, with a total value of $55,000.00. Following the completion of the transaction, the general counsel now directly owns 116,609 shares in the company, valued at approximately $1,282,699. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, CFO David Trick acquired 3,700 shares of the business’s stock in a transaction dated Wednesday, August 7th. The stock was bought at an average price of $10.76 per share, with a total value of $39,812.00. Following the acquisition, the chief financial officer now owns 156,082 shares in the company, valued at approximately $1,679,442.32. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, General Counsel Stephen Michael Ksenak bought 5,000 shares of the firm’s stock in a transaction that occurred on Wednesday, August 7th. The stock was purchased at an average cost of $11.00 per share, with a total value of $55,000.00. Following the completion of the purchase, the general counsel now directly owns 116,609 shares of the company’s stock, valued at approximately $1,282,699. The disclosure for this purchase can be found here. Insiders bought 34,800 shares of company stock valued at $377,016 over the last three months. Company insiders own 5.00% of the company’s stock.

Ambac Financial Group 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.