Octave Specialty Group (NYSE:OSG) Stock Rating Upgraded by Zacks Research

Octave Specialty Group (NYSE:OSG) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report released on Monday,Zacks.com reports.

OSG has been the topic of a number of other reports. Weiss Ratings lowered Octave Specialty Group from a “sell (d-)” rating to a “sell (e+)” rating in a report on Monday. Wall Street Zen raised Octave Specialty Group from a “strong sell” rating to a “hold” rating in a report on Saturday, February 28th. One investment analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $15.00.

Octave Specialty Group Price Performance

Shares of OSG opened at $5.85 on Monday. The firm has a market capitalization of $263.22 million, a price-to-earnings ratio of -1.20 and a beta of 0.79. The company has a debt-to-equity ratio of 0.14, a quick ratio of 1.06 and a current ratio of 1.05. Octave Specialty Group has a one year low of $3.88 and a one year high of $10.38. The stock’s fifty day moving average is $4.85 and its 200-day moving average is $6.08.

Octave Specialty Group (NYSE:OSG) last released its earnings results on Wednesday, May 6th. The company reported $0.37 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.02 by $0.35. The firm had revenue of $104.17 million for the quarter, compared to analyst estimates of $17.77 million. Octave Specialty Group had a negative return on equity of 0.55% and a negative net margin of 75.91%. Equities analysts anticipate that Octave Specialty Group will post 0.4 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the company. Federated Hermes Inc. acquired a new position in shares of Octave Specialty Group in the 4th quarter valued at $34,000. Russell Investments Group Ltd. boosted its position in shares of Octave Specialty Group by 613.5% in the 3rd quarter. Russell Investments Group Ltd. now owns 4,916 shares of the company’s stock valued at $41,000 after purchasing an additional 4,227 shares during the period. CWM LLC acquired a new position in shares of Octave Specialty Group in the 4th quarter valued at $44,000. Parallel Advisors LLC boosted its position in shares of Octave Specialty Group by 4,186.8% in the 1st quarter. Parallel Advisors LLC now owns 6,473 shares of the company’s stock valued at $30,000 after purchasing an additional 6,322 shares during the period. Finally, Kemnay Advisory Services Inc. acquired a new position in shares of Octave Specialty Group in the 4th quarter valued at $63,000. 80.92% of the stock is owned by institutional investors and hedge funds.

About Octave Specialty Group

Ambac Financial Group, Inc (NYSE:AMBC) is a specialized financial services holding company headquartered in New York City. Through its principal subsidiary, Ambac Assurance Corporation, the company provides financial guarantee insurance and surety bonds designed to enhance the credit quality of public finance and structured finance transactions. Ambac’s offerings are tailored to municipal issuers, financial institutions and corporate borrowers, supporting infrastructure projects, energy and transportation initiatives, as well as asset-backed securities.

Ambac’s core business activities center on credit enhancement and risk-transfer solutions.