Extended Stay America Inc (STAY), Quad/Graphics Inc. (QUAD) Among Centerbridge Partners’ Top Small-Caps

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Next up is Ambac Financial Group Inc. (NASDAQ:AMBC), in which Centerbridge’s position contains 2.23 million shares valued at $53.92 million. The stake remained unchanged during the first quarter. Ambac Financial Group Inc. (NASDAQ:AMBC) is a holding company whose subsidiaries provide financial guarantees and other financial services. The company has a market cap of $1.06 billion. For the first quarter of 2015, Ambac Financial Group Inc. (NASDAQ:AMBC) reported net income of $214.7 million, or $4.57 per share, down from $453.6 million, or $9.73 per share, in the fourth quarter of 2014. Shares of Ambac Financial Group Inc. (NASDAQ:AMBC) have also struggled over the last year, dropping by 15.82%. Another fund that sees value in Ambac Financial Group Inc. (NASDAQ:AMBC) is Canyon Capital Advisors led by Joshua Friedman and Mitchell Julis, which holds 2.13 million shares.

Lastly, we will talk about Quad/Graphics Inc. (NYSE:QUAD), in which Centerbridge reduced its position by 36% to 1.18 million shares during the first quarter, with the stake being valued at $27.03 million. Quad/Graphics Inc. (NYSE:QUAD) is a $1.01 billion market cap provider of print and media solutions. The company pays a quarterly dividend of $0.30, for a yield of 5.90%. Quad/Graphics Inc. (NYSE:QUAD) booked a net loss of $35.2 million during the first quarter, versus a loss of $9.1 million in the same quarter last year. Net sales were $1.11 billion, versus $1.10 billion in the year-ago quarter. The company’s stock has declined by 12.88% year-to-date. Among the largest shareholders of Quad/Graphics Inc. (NYSE:QUAD) is Ron Gutfleish’s ELM Ridge Capital, which holds 699,440 shares as of the end of March.

Disclosure: None

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