Abacus Global Management, Inc. (NYSE:ABX - Get Free Report) insider Sean Mcnealy sold 2,386 shares of the firm's stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $8.38, for a total transaction of $19,994.68. Following the sale, the insider directly owned 12,464,970 shares in the company, valued at $104,456,448.60. This represents a 0.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.
Abacus Global Management Price Performance
NYSE:ABX opened at $8.88 on Thursday. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $868.02 million, a PE ratio of 111.00 and a beta of -0.10. Abacus Global Management, Inc. has a 1-year low of $4.60 and a 1-year high of $9.61.
Institutional Investors Weigh In On Abacus Global Management
Several institutional investors and hedge funds have recently added to or reduced their stakes in ABX. Russell Investments Group Ltd. acquired a new position in shares of Abacus Global Management in the 4th quarter valued at about $30,000. New York State Common Retirement Fund acquired a new position in Abacus Global Management during the fourth quarter valued at approximately $75,000. Police & Firemen s Retirement System of New Jersey purchased a new stake in Abacus Global Management during the fourth quarter worth approximately $83,000. Summit Wealth & Retirement Planning Inc. purchased a new stake in Abacus Global Management during the fourth quarter worth approximately $86,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Abacus Global Management in the fourth quarter worth $96,000.
Analyst Upgrades and Downgrades
A number of research analysts have weighed in on ABX shares. Weiss Ratings initiated coverage on Abacus Global Management in a research note on Thursday, January 29th. They set a "hold (c-)" rating on the stock. Zacks Research downgraded Abacus Global Management from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 28th. Two research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Hold".
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About Abacus Global Management
(
Get Free Report)
Abacus Life, Inc operates as an alternative asset manager specializing in life insurance products. It purchases life insurance policies from consumers seeking liquidity and manages policies over time via trading, holding, and/or servicing. The company was founded in 2004 and is based in Orlando, Florida.
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