Revenue Update on Ambac Financial Group(NASDAQ:AMBC)

Ambac Financial Group(NASDAQ:AMBC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during After-hours on Aug 9, 2016. Company reported revenue of $106.73M. Analysts estimated a revenue of $119.30M. Earnings per share were $1.29. Analysts had estimated an EPS of $1.05.

Ambac Financial Group (AMBC) shares turned negative on Wednesdays trading session with the shares closing down -0.21 points or -1.16% at a volume of 1,16,670. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $18.1. The peak price level was also seen at $18.1 while the days lowest was $17.79. Finally the shares closed at $17.83. The 52-week high of the shares is $19.35 while the 52-week low is $11.92. According to the latest information available, the market cap of the company is $805 M.

Several Insider Transactions has been reported to the SEC. On Jun 28, 2016, Tavakoli Nader (CEO) purchased 20,000 shares at $15.15 per share price.Also, On Apr 7, 2016, Alexander David Greene (director) purchased 10,000 shares at $15.05 per share price.On Jan 8, 2016, Jeffrey Scott Stein (director) purchased 4,500 shares at $12.88 per share price, according to the Form-4 filing with the securities and exchange commission.

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