ambac financial group, inc. (“ambac”), headquartered in new york city, is a holding company whose subsidiaries, including its principal operating subsidiary, ambac assurance corporation (“ambac assurance”), everspan financial guarantee corporation, and ambac assurance uk limited, provided financial guarantees and other financial services to clients in both the public and private sectors globally. ambac assurance, including the segregated account of ambac assurance (in rehabilitation), is a guarantor of public finance and structured finance obligations. ambac is also exploring opportunities involving the development or acquisition of new financial services businesses. ambac’s common stock trades on the nasdaq global select market (nasdaq: ambc)
![AMBAC Financial logo](/files/LOGO/874501-AMBC.png)
Company profile
Ticker
AMBC
Exchange
Website
CEO
Claude LeBlanc
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
AMBAC INC /DE/
SEC CIK
Corporate docs
Subsidiaries
All Trans Risk Solutions, LLC • Ambac Asset Management, Inc. • Ambac Assurance Corporation • Ambac Assurance UK Limited • Ambac Capital Corporation • Ambac Financial Services, LLC • Ambac Investments, Inc. • Capacity Marine Corporation • Cirrata Group LLC • Cirrata Partners Insurance Agency, LLC ...
IRS number
133621676
AMBC stock data
Latest filings (excl ownership)
8-K
Regulation FD Disclosure
13 Jun 24
8-K
Submission of Matters to a Vote of Security Holders
7 Jun 24
8-K
Other Events
5 Jun 24
8-K/A
Other Events
5 Jun 24
8-K
Entry into a Material Definitive Agreement
5 Jun 24
10-Q
2024 Q1
Quarterly report
6 May 24
8-K
Ambac Reports First Quarter 2024 Results
6 May 24
ARS
2023 FY
Annual report to shareholders
26 Apr 24
DEF 14A
Definitive proxy
26 Apr 24
PRE 14A
Preliminary proxy
8 Apr 24
Transcripts
AMBC
Earnings call transcript
2024 Q1
7 May 24
AMBC
Earnings call transcript
2023 Q4
28 Feb 24
AMBC
Earnings call transcript
2023 Q3
8 Nov 23
AMBC
Earnings call transcript
2023 Q2
8 Aug 23
AMBC
Earnings call transcript
2023 Q2
8 Aug 23
AMBC
Earnings call transcript
2023 Q1
10 May 23
AMBC
Earnings call transcript
2022 Q4
1 Mar 23
AMBC
Earnings call transcript
2022 Q3
9 Nov 22
AMBC
Earnings call transcript
2022 Q2
9 Aug 22
AMBC
Earnings call transcript
2022 Q1
11 May 22
Latest ownership filings
Financial summary
Quarter (USD) | Mar 24 | Dec 23 | Sep 23 | Jun 23 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Annual (USD) | Dec 23 | Dec 22 | Dec 21 | Dec 20 | |
---|---|---|---|---|---|
Revenue | |||||
Cost of revenue | |||||
Operating income | |||||
Operating margin | |||||
Net income | |||||
Net profit margin | |||||
Cash on hand | |||||
Change in cash | |||||
Diluted EPS |
Cash burn rate (est.) | Burn method: Change in cash | Burn method: Operating income | Burn method: FCF (opex + capex) | Last Q | Avg 4Q | Last Q | Avg 4Q | Last Q | Avg 4Q |
---|---|---|---|---|---|---|
Cash on hand (at last report) | 296.00 mm | 296.00 mm | 296.00 mm | 296.00 mm | 296.00 mm | 296.00 mm |
Cash burn (monthly) | (no burn) | 666.67 k | (no burn) | (no burn) | (no burn) | (no burn) |
Cash used (since last report) | n/a | 2.58 mm | n/a | n/a | n/a | n/a |
Cash remaining | n/a | 293.42 mm | n/a | n/a | n/a | n/a |
Runway (months of cash) | n/a | 440.1 | n/a | n/a | n/a | n/a |
Institutional ownership, Q1 2024
7.0% owned by funds/institutions
13F holders | Current |
---|---|
Total holders | 53 |
Opened positions | 9 |
Closed positions | 76 |
Increased positions | 9 |
Reduced positions | 15 |
13F shares | Current |
---|---|
Total value | 42.76 bn |
Total shares | 3.19 mm |
Total puts | 80.50 k |
Total calls | 253.00 k |
Total put/call ratio | 0.3 |
Largest owners | Shares | Value |
---|---|---|
Susquehanna International | 797.11 k | $12.46 bn |
BK Bank Of New York Mellon | 422.01 k | $6.60 bn |
Simplex Trading | 279.73 k | $4.37 mm |
PFG Principal Financial Group Inc - Registered Shares | 234.54 k | $3.67 bn |
Harbor Advisors | 196.38 k | $3.07 bn |
Empowered Funds | 154.08 k | $2.41 bn |
Russell Investments | 145.38 k | $2.27 bn |
Exchange Traded Concepts | 96.17 k | $1.50 bn |
Assetmark | 94.56 k | $1.48 bn |
Swiss National Bank | 89.20 k | $1.39 bn |
Recent insider trades
Date | Owner | Security | Transaction | Code | Indirect | 10b5-1 | $Price | #Shares | $Value | #Remaining |
---|---|---|---|---|---|---|---|---|---|---|
1 Jul 24 | Haft Ian David | RSU Common Stock | Grant | Acquire A | No | No | 0 | 3,699 | 0.00 | 110,705 |
1 Jul 24 | Lisa G Iglesias | RSU Common Stock | Grant | Acquire A | No | No | 0 | 3,699 | 0.00 | 46,561 |
1 Jul 24 | Lammtennant Joan M | RSU Common Stock | Grant | Acquire A | No | No | 0 | 3,699 | 0.00 | 85,774 |
1 Jul 24 | Matus Kristi Ann | RSU Common Stock | Grant | Acquire A | No | No | 0 | 3,699 | 0.00 | 17,963 |
1 Jul 24 | Michael D Price | RSU Common Stock | Grant | Acquire A | No | No | 0 | 3,699 | 0.00 | 17,963 |
News
Why Lands' End Shares Are Trading Lower? Here Are Other Stocks Moving In Wednesday's Mid-Day Session
5 Jun 24
Compass Point Maintains Buy on Ambac Financial Group, Raises Price Target to $19
8 May 24
Why Beyond Shares Are Trading Lower By Over 20%? Here Are Other Stocks Moving In Tuesday's Mid-Day Session
7 May 24
Tempur Sealy Posts Upbeat Earnings, Joins FibroGen, Coca-Cola Consolidated, Fabrinet And Other Big Stocks Moving Higher On Tuesday
7 May 24
Why Zeta Global Shares Are Trading Higher By 15%; Here Are 20 Stocks Moving Premarket
7 May 24
Press releases
Ambac to Release Second Quarter 2024 Results on August 5, 2024
22 Jul 24
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates ATRI, GRDI, AMBC on Behalf of Shareholders
17 Jul 24
Kuehn Law Encourages GRDI, ALE, HTLF, and AMBC Investors to Contact Law Firm
17 Jul 24
Richard Edsall Joins Tara Hill as Senior Vice President
11 Jul 24
SHAREHOLDER INVESTIGATION: Halper Sadeh LLC Investigates MORF, INFN, AMBC, BEST on Behalf of Shareholders
10 Jul 24