Ambac Financial Group (AMBC) Earning Positive Press Coverage, Analysis Finds

Media coverage about Ambac Financial Group (NASDAQ:AMBC) has trended positive on Monday, Accern Sentiment reports. Accern identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of public companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Ambac Financial Group earned a media sentiment score of 0.31 on Accern’s scale. Accern also assigned news coverage about the financial services provider an impact score of 46.5293438979363 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.

Separately, MKM Partners reiterated a “hold” rating on shares of Ambac Financial Group in a research report on Thursday, October 5th.

Ambac Financial Group (NASDAQ AMBC) opened at $15.25 on Monday. Ambac Financial Group has a 1-year low of $13.17 and a 1-year high of $27.25. The company has a debt-to-equity ratio of 7.46, a current ratio of 0.38 and a quick ratio of 0.38.

Ambac Financial Group (NASDAQ:AMBC) last posted its quarterly earnings data on Wednesday, November 8th. The financial services provider reported ($3.30) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($4.22). Ambac Financial Group had a negative net margin of 60.33% and a negative return on equity of 9.68%. The company had revenue of $132.97 million during the quarter, compared to the consensus estimate of $125.84 million. During the same period in the previous year, the business earned $3.23 earnings per share. Ambac Financial Group’s revenue for the quarter was down 8.3% on a year-over-year basis.

In other news, CEO Claude Leblanc bought 15,000 shares of the firm’s stock in a transaction on Wednesday, October 4th. The stock was acquired at an average cost of $16.64 per share, with a total value of $249,600.00. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director C James Prieur purchased 10,000 shares of the business’s stock in a transaction dated Monday, November 13th. The stock was bought at an average price of $14.02 per share, for a total transaction of $140,200.00. The disclosure for this purchase can be found here. 0.61% of the stock is currently owned by company insiders.

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Ambac Financial Group Company Profile

Ambac Financial Group, Inc, a financial services holding company, provides financial guarantees and other financial services to clients in both the public and private sectors worldwide. It operates through two segments, Financial Guarantee and Financial Services. The Financial Guarantee segment provides financial guarantees, including insurance policies and credit derivative contracts for public finance, structured finance, and international obligations.

Insider Buying and Selling by Quarter for Ambac Financial Group (NASDAQ:AMBC)

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