80,000 Shares in Abacus Global Management, Inc. $ABX Purchased by JB Capital Partners LP

JB Capital Partners LP bought a new position in shares of Abacus Global Management, Inc. (NYSE:ABX) in the fourth quarter, Holdings Channel.com reports. The institutional investor bought 80,000 shares of the company’s stock, valued at approximately $684,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Jane Street Group LLC acquired a new stake in shares of Abacus Global Management during the fourth quarter worth about $2,278,000. HRT Financial LP acquired a new stake in shares of Abacus Global Management during the fourth quarter worth about $344,000. Brooklyn Investment Group acquired a new stake in shares of Abacus Global Management during the fourth quarter worth about $207,000. MetLife Investment Management LLC acquired a new stake in shares of Abacus Global Management during the fourth quarter worth about $204,000. Finally, Renaissance Technologies LLC acquired a new stake in shares of Abacus Global Management during the fourth quarter worth about $2,522,000.

Wall Street Analysts Forecast Growth

ABX has been the subject of a number of research reports. Texas Capital raised Abacus Global Management to a “strong-buy” rating in a report on Tuesday. Wall Street Zen downgraded Abacus Global Management from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Finally, Piper Sandler boosted their price target on Abacus Global Management from $9.50 to $10.00 and gave the company a “neutral” rating in a report on Friday, May 8th. One investment analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat, Abacus Global Management presently has a consensus rating of “Moderate Buy” and an average price target of $10.00.

Abacus Global Management Trading Up 2.3%

Shares of NYSE:ABX opened at $9.62 on Friday. Abacus Global Management, Inc. has a 12-month low of $4.60 and a 12-month high of $10.53. The firm has a market capitalization of $922.75 million, a P/E ratio of 24.67 and a beta of 0.09. The firm has a 50 day moving average of $8.99. The company has a debt-to-equity ratio of 0.79, a current ratio of 1.91 and a quick ratio of 1.91.

Abacus Global Management (NYSE:ABX) last announced its quarterly earnings results on Thursday, March 12th. The company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. Abacus Global Management had a return on equity of 20.02% and a net margin of 15.63%.The company had revenue of $71.90 million during the quarter. Equities research analysts predict that Abacus Global Management, Inc. will post 1.01 earnings per share for the current fiscal year.

Abacus Global Management Profile

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.