Abacus Global Management (NYSE:ABX) Insider Sells $19,994.68 in Stock

Abacus Global Management, Inc. (NYSE:ABX) insider Sean Mcnealy sold 2,386 shares of the firm’s stock in a transaction dated Wednesday, February 18th. The shares were sold at an average price of $8.38, for a total transaction of $19,994.68. Following the completion of the transaction, the insider directly owned 12,464,970 shares in the company, valued at $104,456,448.60. This trade represents a 0.02% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website.

Abacus Global Management Trading Up 0.1%

Shares of NYSE:ABX opened at $8.73 on Friday. 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 cap of $853.38 million, a PE ratio of 109.13 and a beta of -0.10. Abacus Global Management, Inc. has a one year low of $4.60 and a one year high of $9.61.

Institutional Investors Weigh In On Abacus Global Management

Large investors have recently bought and sold shares of the company. Russell Investments Group Ltd. bought a new position in shares of Abacus Global Management during the fourth quarter worth $30,000. New York State Common Retirement Fund acquired a new stake in Abacus Global Management during the 4th quarter worth $75,000. Police & Firemen s Retirement System of New Jersey bought a new position in Abacus Global Management during the fourth quarter worth about $83,000. Summit Wealth & Retirement Planning Inc. acquired a new position in Abacus Global Management in the fourth quarter valued at about $86,000. Finally, Intech Investment Management LLC acquired a new position in Abacus Global Management in the fourth quarter valued at about $96,000.

Analyst Upgrades and Downgrades

ABX has been the subject of several recent research reports. Weiss Ratings initiated coverage on shares of Abacus Global Management in a research report on Thursday, January 29th. They set a “hold (c-)” rating for the company. Zacks Research cut Abacus Global Management from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, January 28th. Two analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold”.

Abacus Global Management Company 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.