Favorable Media Coverage Somewhat Unlikely to Impact Ambac Financial Group (NASDAQ:AMBC) Stock Price

Media stories about Ambac Financial Group (NASDAQ:AMBC) have trended positive recently, according to Accern Sentiment. Accern identifies positive and negative news coverage by reviewing more than 20 million news and blog sources in real-time. Accern ranks coverage of public companies on a scale of negative one to one, with scores nearest to one being the most favorable. Ambac Financial Group earned a news sentiment score of 0.34 on Accern’s scale. Accern also gave headlines about the financial services provider an impact score of 46.5244238418767 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

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

Ambac Financial Group (AMBC) traded up $0.45 during trading hours on Friday, reaching $14.79. The company’s stock had a trading volume of 538,629 shares, compared to its average volume of 289,231. Ambac Financial Group has a 52 week low of $13.17 and a 52 week high of $26.32. The company has a quick ratio of 0.38, a current ratio of 0.38 and a debt-to-equity ratio of 7.46.

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

In other Ambac Financial Group news, Director C James Prieur acquired 10,000 shares of the firm’s stock in a transaction that occurred on Monday, November 13th. The shares were purchased at an average cost of $14.02 per share, for a total transaction of $140,200.00. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Claude Leblanc acquired 15,000 shares of the firm’s stock in a transaction that occurred on Wednesday, October 4th. The stock was acquired at an average price of $16.64 per share, for a total transaction of $249,600.00. The disclosure for this purchase can be found here. 1.00% of the stock is owned by corporate 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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