Dynamic Technology Lab Private Ltd Purchases 10,768 Shares of Ambac Financial Group, Inc. (NYSE:AMBC)

Dynamic Technology Lab Private Ltd increased its position in Ambac Financial Group, Inc. (NYSE:AMBC) by 81.1% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 24,044 shares of the company’s stock after acquiring an additional 10,768 shares during the quarter. Dynamic Technology Lab Private Ltd’s holdings in Ambac Financial Group were worth $270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of the company. Price T Rowe Associates Inc. MD boosted its position in Ambac Financial Group by 5.1% in the first quarter. Price T Rowe Associates Inc. MD now owns 38,405 shares of the company’s stock worth $601,000 after purchasing an additional 1,861 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its holdings in shares of Ambac Financial Group by 20.0% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 9,826 shares of the company’s stock worth $126,000 after buying an additional 1,637 shares during the last quarter. nVerses Capital LLC boosted its holdings in shares of Ambac Financial Group by 525.0% in the second quarter. nVerses Capital LLC now owns 5,000 shares of the company’s stock worth $64,000 after buying an additional 4,200 shares during the last quarter. Versor Investments LP bought a new stake in Ambac Financial Group during the second quarter valued at approximately $218,000. Finally, Jackson Creek Investment Advisors LLC purchased a new stake in Ambac Financial Group during the second quarter valued at approximately $817,000. Hedge funds and other institutional investors own 84.49% of the company’s stock.

Insider Buying and Selling at Ambac Financial Group

In related news, Director Kristi Ann Matus bought 2,700 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The stock was purchased at an average price of $11.27 per share, for a total transaction of $30,429.00. Following the completion of the transaction, the director now owns 2,700 shares in the company, valued at $30,429. The trade was a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 5.00% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently issued reports on AMBC. Roth Capital raised shares of Ambac Financial Group from a “hold” rating to a “strong-buy” rating in a research report on Wednesday, September 18th. Roth Mkm upgraded Ambac Financial Group from a “neutral” rating to a “buy” rating and upped their price target for the stock from $13.00 to $15.00 in a research report on Wednesday, September 18th. Finally, StockNews.com cut Ambac Financial Group from a “hold” rating to a “sell” rating in a research report on Wednesday, August 14th.

Ambac Financial Group Stock Up 1.1 %

Shares of AMBC stock opened at $12.84 on Monday. The company has a market capitalization of $609.17 million, a price-to-earnings ratio of -27.91 and a beta of 1.22. The company has a debt-to-equity ratio of 2.10, a current ratio of 0.58 and a quick ratio of 0.58. The company’s fifty day moving average price is $11.70 and its 200-day moving average price is $12.48. Ambac Financial Group, Inc. has a one year low of $10.12 and a one year high of $18.45.

About Ambac Financial Group

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.