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AMBAC Financial (AMBC)

Ambac Financial Group, Inc. ('Ambac' or 'AFG'), headquartered in New York City, is a financial services holding company whose principal subsidiaries Ambac Assurance Corporation and Ambac UK Limited, are financial guarantee insurance companies currently in run-off. Outstanding policies include financial guarantees of public finance and structured finance obligations in the public and private sectors globally. Ambac's common stock trades on the New York Stock Exchange under the symbol 'AMBC'. The Amended and Restated Certificate of Incorporation of Ambac contains substantial restrictions on the ability to transfer Ambac's common stock. Subject to limited exceptions, any attempted transfer of common stock shall be prohibited and void to the extent that, as a result of such transfer (or any series of transfers of which such transfer is a part), any person or group of persons shall become a holder of 5% or more of Ambac's common stock or a holder of 5% or more of Ambac's common stock increases its ownership interest. Ambac is committed to providing timely and accurate information to the investing public, consistent with our legal and regulatory obligations. To that end, we use our website to convey information about our businesses, including the anticipated release of quarterly financial results, quarterly financial, statistical and business-related information, and the posting of updates to the status of certain residential mortgage backed securities litigations.

Company profile

Ticker
AMBC, AMBC-WT
Exchange
Website
CEO
Claude LeBlanc
Employees
Incorporated
Location
Fiscal year end
Industry (SIC)
Former names
AMBAC INC /DE/
SEC CIK
Subsidiaries
Ambac Asset Management, Inc. • Ambac Assurance Corporation • Ambac Assurance UK Limited • Ambac Capital Corporation • Ambac Conduit Funding LLC • Ambac Credit Products, LLC • Ambac Financial Services, LLC • Ambac Investments, Inc. • Ambac LSNI, LLC • Everspan Holdings, LLC ...
IRS number
133621676

AMBC stock data

Calendar

9 May 22
2 Jul 22
31 Dec 22
Quarter (USD) Mar 22 Dec 21 Sep 21 Jun 21
Revenue
Cost of revenue
Operating income
Operating margin
Net income
Net profit margin
Cash on hand
Change in cash
Diluted EPS
Annual (USD) Dec 21 Dec 20 Dec 19 Dec 18
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) 116M 116M 116M 116M 116M 116M
Cash burn (monthly) (no burn) (no burn) (no burn) 1.25M (no burn) 6.83M
Cash used (since last report) n/a n/a n/a 3.83M n/a 20.95M
Cash remaining n/a n/a n/a 112.17M n/a 95.05M
Runway (months of cash) n/a n/a n/a 89.7 n/a 13.9

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
20 May 22 R Sharon Smith Common Stock Buy Acquire P No No 10.05 1,000 10.05K 56,183
13 May 22 Claude LeBlanc Common Stock Buy Acquire P No No 8.72 3,000 26.16K 406,600
13 May 22 Prieur C James Common Stock, par value $0.01 per share Buy Acquire P No No 8.54 4 34.16 65,000
13 May 22 Prieur C James Common Stock, par value $0.01 per share Buy Acquire P No No 8.45 5,000 42.25K 64,996
13 May 22 Prieur C James Common Stock, par value $0.01 per share Buy Acquire P No No 8.45 300 2.54K 55,000
13 May 22 Prieur C James Common Stock, par value $0.01 per share Buy Acquire P No No 8.44 5,000 42.2K 54,700
13 May 22 Prieur C James Common Stock, par value $0.01 per share Buy Acquire P No No 8.42 4,420 37.22K 49,700
13 May 22 Prieur C James Common Stock, par value $0.01 per share Buy Acquire P No No 8.41 280 2.35K 45,280
12 May 22 Lisa G Iglesias Common Stock Buy Acquire P No No 7.99 6,250 49.94K 14,550
12 May 22 Prieur C James Common Stock, par value $0.01 per share Buy Acquire P No No 8.55 136 1.16K 59,996
80.9% owned by funds/institutions
13F holders Current Prev Q Change
Total holders 153 137 +11.7%
Opened positions 30 21 +42.9%
Closed positions 14 17 -17.6%
Increased positions 57 53 +7.5%
Reduced positions 46 31 +48.4%
13F shares Current Prev Q Change
Total value 390.85M 1.14B -65.7%
Total shares 37.67M 37.36M +0.8%
Total puts 535.41K 320K +67.3%
Total calls 670.3K 689.3K -2.8%
Total put/call ratio 0.8 0.5 +72.1%
Largest owners Shares Value Change
BLK Blackrock 6.36M $66.13M -1.5%
Vanguard 5.16M $53.66M +3.6%
FMR 2.06M $21.43M +0.0%
CQS (us) 2.05M $21.32M +8.5%
STT State Street 1.62M $16.85M +2.7%
Dimensional Fund Advisors 1.57M $16.29M +6.2%
GS Goldman Sachs 1.38M $14.37M -29.6%
Healthcare Of Ontario Pension Plan Trust Fund 1.34M $13.9M +79.6%
MS Morgan Stanley 1.13M $11.74M -10.2%
Boussard & Gavaudan Investment Management 1.11M $11.47M +1.1%
Largest transactions Shares Bought/sold Change
Repertoire Partners 1.01M +1.01M +1006902.0%
Davidson Kempner Capital Management 0 -984.39K EXIT
Healthcare Of Ontario Pension Plan Trust Fund 1.34M +592.31K +79.6%
GS Goldman Sachs 1.38M -580.83K -29.6%
UBS UBS Group AG - Registered Shares 551.99K +541.37K +5094.7%
Arctis Global 0 -412.88K EXIT
Assenagon Asset Management 0 -368.69K EXIT
JPM JPMorgan Chase & Co. 383.89K -251.59K -39.6%
Norges Bank 0 -229.39K EXIT
Citadel Advisors 186.67K -201.55K -51.9%

Financial report summary

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Risks
  • Our inability to realize the expected recoveries included in our financial statements could adversely impact our liquidity, financial condition and results of operations and the value of our securities, including the Sitka Senior Secured Notes and Tier 2 Notes.
Management Discussion
  • Item 2.     Management’s Discussion and Analysis of Financial Condition and Results of Operations
  • •Information that allows assessment of the likelihood that past performance is indicative of future performance.
  • | Ambac Financial Group, Inc. 45 2022 First Quarter FORM 10-Q |

Content analysis

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Positive
Negative
Uncertain
Constraining
Legalese
Litigous
Readability
8th grade Avg
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