Ambac Finl Group INC (AMBC) Shares Declined While Raging Capital Management LLC Has Increased by $8.36 Million Its Stake

Ambac Financial Group, Inc. (NASDAQ:AMBC) Logo

Raging Capital Management Llc increased its stake in Ambac Finl Group Inc (AMBC) by 38.39% based on its latest 2019Q2 regulatory filing with the SEC. Raging Capital Management Llc bought 522,677 shares as the company’s stock declined 1.62% . The hedge fund held 1.88 million shares of the finance company at the end of 2019Q2, valued at $31.75M, up from 1.36 million at the end of the previous reported quarter. Raging Capital Management Llc who had been investing in Ambac Finl Group Inc for a number of months, seems to be bullish on the $900.55M market cap company. The stock increased 0.66% or $0.13 during the last trading session, reaching $19.77. About 83,282 shares traded. Ambac Financial Group, Inc. (NASDAQ:AMBC) has declined 8.44% since September 13, 2018 and is downtrending. It has underperformed by 8.44% the S&P500.

Raging Capital Management Llc, which manages about $631.31 million and $591.57 million US Long portfolio, decreased its stake in Popular Inc (NASDAQ:BPOP) by 150,900 shares to 529,100 shares, valued at $28.70M in 2019Q2, according to the filing. It also reduced its holding in Upland Software Inc by 158,373 shares in the quarter, leaving it with 104,463 shares, and cut its stake in Sinclair Broadcast Group Inc (NASDAQ:SBGI).

More notable recent Ambac Financial Group, Inc. (NASDAQ:AMBC) news were published by: Seekingalpha.com which released: “Ambac working with others for max recovery of Puerto Rico exposures – Seeking Alpha” on March 01, 2019, also Globenewswire.com with their article: “Ambac Assurance’s Segregated Account Rehabilitation Completed Nasdaq:AMBC – GlobeNewswire” published on February 12, 2018, Globenewswire.com published: “Ambac Announces Fourth Quarter 2018 Results Nasdaq:AMBC – GlobeNewswire” on February 28, 2019. More interesting news about Ambac Financial Group, Inc. (NASDAQ:AMBC) were released by: Globenewswire.com and their article: “Ambac to Release Second Quarter 2019 Earnings on August 8, 2019 – GlobeNewswire” published on July 18, 2019 as well as Seekingalpha.com‘s news article titled: “Ambac -8.4% as Q1 reflects increased public finance reserves – Seeking Alpha” with publication date: May 10, 2019.

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