Professional
Added to YB: 2025-10-29
Pitch date: 2025-09-30
AMBC [neutral]
Octave Specialty Group, Inc.
-44.38%
current return
Author Info
No bio for this author
Company Info
Octave Specialty Group, Inc., an insurance holding company, primarily engages in the specialty property and casualty insurance business in the United States and the United Kingdom.
Market Cap
$211.3M
Pitch Price
$8.27
Price Target
N/A
Dividend
N/A
EV/EBITDA
38.03
P/E
-2.38
EV/Sales
2.05
Sector
Insurance
Category
special_situation
Third Avenue Small-Cap Value Fund Portfolio Holding: Ambac Financial Group, Inc.
AMBC (holding update): Completed $250M ArmadaCare acquisition post-Oaktree legacy guarantee sale. Transformed into high-margin MGA/MGU insurance distribution model with recurrent revenue, minimal balance sheet risk, low capital intensity. Strategic position for organic growth, increased ownership stakes, overhead reduction & accelerated tax-loss utilization.
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