112,505 Shares in Abacus Global Management, Inc. $ABX Purchased by Pacific Ridge Capital Partners LLC

Pacific Ridge Capital Partners LLC bought a new position in shares of Abacus Global Management, Inc. (NYSE:ABX) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm bought 112,505 shares of the company’s stock, valued at approximately $962,000. Pacific Ridge Capital Partners LLC owned about 0.12% of Abacus Global Management as of its most recent SEC filing.

Separately, Summit Wealth & Retirement Planning Inc. acquired a new stake in shares of Abacus Global Management during the fourth quarter worth $86,000.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on ABX. Piper Sandler lifted their price target on shares of Abacus Global Management from $9.50 to $10.00 and gave the company a “neutral” rating in a report on Friday. Wall Street Zen lowered Abacus Global Management from a “buy” rating to a “hold” rating in a report on Saturday, May 2nd. Zacks Research cut Abacus Global Management from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, January 28th. Finally, Weiss Ratings initiated coverage on Abacus Global Management in a report on Thursday, January 29th. They issued a “hold (c-)” rating on the stock. Three equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average price target of $10.00.

Abacus Global Management Trading Up 1.8%

Shares of NYSE:ABX opened at $9.24 on Tuesday. Abacus Global Management, Inc. has a twelve month low of $4.60 and a twelve month high of $10.53. The firm has a market cap of $892.32 million, a price-to-earnings ratio of 23.70 and a beta of 0.11. The stock has a 50 day moving average of $9.10. The company has a current ratio of 0.47, a quick ratio of 0.47 and a debt-to-equity ratio of 0.69.

Abacus Global Management (NYSE:ABX) last issued its earnings results on Thursday, March 12th. The company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. Abacus Global Management had a net margin of 15.63% and a return on equity of 19.96%. The firm had revenue of $71.90 million during the quarter. Equities research analysts forecast that Abacus Global Management, Inc. will post 1 EPS for the current year.

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.