Ambac Financial Group Will Be Better Positioned Once Sale Of Financial Guarantee Business Closes, Analyst Says
Ambac Financial Group Will Be Better Positioned Once Sale Of Financial Guarantee Business Closes, Analyst Says
After declining since the beginning of 2024, shares of Ambac Financial Group, Inc. (NYSE:AMBC) have risen by almost 10% over the past five trading sessions.
自2024年初以來，Ambac Financial Group公司（NYSE:AMBC）的股票下跌，但在過去的五個交易日中上漲了近10%。
The sale of Ambac Financial Group's legacy financial guarantee business is expected to close by yearend, positioning the holding company for cash earnings "within a year or two," according to Roth Capital Partners.
根據Roth Capital Partners的預測，Ambac Financial Group公司的遺留金融擔保業務的出售預計將在年底前完成，爲持有公司爭取"一年或兩年內"的現金收益能力。
Analyst Harry Fong upgraded the rating for Ambac Financial Group from Neutral to Buy, while raising the price target from $13 to $15.
分析師Harry Fong將Ambac Financial Group公司的評級從中立調升爲買入，並將目標價從13美元調升至15美元。
The Ambac Financial Group Thesis: Following the close of the financial guarantee business sale, the company will commence a share repurchase program of up to $50 million, which would lend upside to the stock, Fong said in the upgrade note.
分析師在評級升級筆記中指出，Financial Group公司在金融擔保業務出售完成後，將啓動高達5000萬美元的股票回購計劃，從而爲股票帶來上漲空間。
Check out other analyst stock ratings.
查看其他分析師的股票評級。
The company will have around $180 million of deployable cash after the close of the sale of its financial guarantee business, Ambac Acceptance Corp (AAC), to Oaktree Capital Management, after repaying the bridge loan and plans to use up to $50 million of these funds for share repurchases, the analyst stated.
公司在出售其金融擔保業務Ambac Acceptance Corp (AAC)給Oaktree Capital Management後，將獲得約18000萬美元的可用現金，並計劃使用其中的高達5000萬美元用於股票回購，並在償還橋貸款後利用這些資金。
"However, we believe the company will only repurchase shares at current levels up to about $15 per share as it needs capital for acquisitions chiefly in the distribution business," he added.
"然而，我們相信，公司只會在目前股價約爲15美元左右的水平上回購股票，因爲它需要資金進行主要是分銷業務的收購，"他補充道。
"It will take more time for the company to fully roll out its new specialty insurance distribution business, but there are potentially some other strategic changes that could gain more investor enthusiasm sooner such as selling its underwriting operation, which we do not believe is core to its strategy," Fong further wrote.
"公司需要更多時間來完全推出其新的專業保險分銷業務，但還有一些其他戰略變化可能更早獲得投資者的熱情，比如出售其核心策略之外的承保操作，"Fong進一步寫道。
AMBC Price Action: Shares of Ambac Financial Group had risen by 6.18% to $11.86 at the time of publication on Wednesday.
AMBC價格行動：週三發佈時，Ambac Financial Group的股價上漲了6.18％，達到11.86美元。
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