Traders Buy Large Volume of Ambac Financial Group Call Options (NYSE:AMBC)

Ambac Financial Group, Inc. (NYSE:AMBC) saw some unusual options trading activity on Thursday. Stock investors bought 4,030 call options on the stock. This represents an increase of approximately 574% compared to the typical daily volume of 598 call options.

Shares of NYSE AMBC opened at $16.45 on Friday. The firm’s 50-day simple moving average is $15.72 and its 200 day simple moving average is $15.03. The company has a market cap of $761.70 million, a price-to-earnings ratio of -32.25 and a beta of 1.44. The company has a quick ratio of 1.16, a current ratio of 1.16 and a debt-to-equity ratio of 5.77. Ambac Financial Group has a 12-month low of $13.09 and a 12-month high of $18.63.

Ambac Financial Group (NYSE:AMBC) last announced its quarterly earnings data on Monday, November 8th. The company reported $0.53 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.44) by $0.97. The firm had revenue of $51.00 million during the quarter. Ambac Financial Group had a positive return on equity of 4.53% and a negative net margin of 2.84%. During the same period in the prior year, the firm posted ($2.01) earnings per share.

In related news, CEO Claude Leblanc purchased 10,000 shares of Ambac Financial Group stock in a transaction that occurred on Wednesday, November 10th. The shares were acquired at an average price of $15.91 per share, for a total transaction of $159,100.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Lisa G. Iglesias purchased 8,300 shares of Ambac Financial Group stock in a transaction that occurred on Monday, November 29th. The shares were bought at an average price of $15.15 per share, for a total transaction of $125,745.00. The disclosure for this purchase can be found here. 2.40% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Metropolitan Life Insurance Co NY raised its stake in shares of Ambac Financial Group by 80,475.0% during the second quarter. Metropolitan Life Insurance Co NY now owns 9,669 shares of the company’s stock worth $151,000 after buying an additional 9,657 shares during the last quarter. Trexquant Investment LP bought a new stake in shares of Ambac Financial Group during the second quarter worth approximately $165,000. Jump Financial LLC bought a new stake in shares of Ambac Financial Group during the third quarter worth approximately $155,000. XTX Topco Ltd bought a new stake in shares of Ambac Financial Group during the second quarter worth approximately $195,000. Finally, Cornerstone Investment Partners LLC bought a new stake in shares of Ambac Financial Group during the third quarter worth approximately $179,000. 77.55% of the stock is owned by institutional investors and hedge funds.

Ambac Financial Group Company Profile

Ambac Financial Group, Inc is a holding company, which engages in the provision of financial guarantee insurance policies through its subsidiary, Ambac Assurance Corp. Its services include credit, insurance, asset management and other financial services. The company was founded on April 29, 1991 and is headquartered in New York, NY.

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