Favorable Press Coverage Somewhat Unlikely to Impact Ambac Financial Group (AMBC) Stock Price

News headlines about Ambac Financial Group (NASDAQ:AMBC) have been trending positive on Saturday, Accern reports. Accern scores the sentiment of press coverage by monitoring 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 0.39 on Accern’s scale. Accern also assigned media coverage about the financial services provider an impact score of 46.4801587146769 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the company’s share price in the near future.

Ambac Financial Group (NASDAQ:AMBC) opened at $14.67 on Friday. 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 has a 12 month low of $13.17 and a 12 month high of $23.55. The firm has a market cap of $666.55, a P/E ratio of -1.65 and a beta of 1.88.

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

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

In other news, CEO Claude Leblanc purchased 15,000 shares of the business’s stock in a transaction dated 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 transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director C James Prieur purchased 10,000 shares of the business’s stock in a transaction dated Monday, November 13th. The shares were purchased at an average price of $14.02 per share, with a total value of $140,200.00. The disclosure for this purchase can be found here. 1.00% of the stock is 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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