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

Abacus Global Management, Inc. (NYSE:ABX) insider Kevin Scott Kirby sold 2,386 shares of the company’s stock in a transaction dated Wednesday, February 18th. The stock was sold at an average price of $8.38, for a total value of $19,994.68. Following the sale, the insider owned 12,464,670 shares of the company’s stock, valued at approximately $104,453,934.60. This trade represents a 0.02% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink.

Abacus Global Management Price Performance

Shares of ABX stock opened at $8.73 on Friday. Abacus Global Management, Inc. has a twelve month low of $4.60 and a twelve month high of $9.61. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.67. The company has a market capitalization of $853.38 million, a P/E ratio of 109.13 and a beta of -0.10.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on ABX. Weiss Ratings began coverage on shares of Abacus Global Management in a research note on Thursday, January 29th. They issued a “hold (c-)” rating for the company. Zacks Research downgraded shares of Abacus Global Management from a “strong-buy” rating to a “hold” rating in a report on Wednesday, January 28th. Two investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, Abacus Global Management currently has an average rating of “Hold”.

Institutional Investors Weigh In On Abacus Global Management

Several hedge funds have recently modified their holdings of ABX. Citizens Financial Group Inc. RI acquired a new stake in shares of Abacus Global Management in the fourth quarter worth $889,000. Summit Wealth & Retirement Planning Inc. acquired a new stake in Abacus Global Management in the 4th quarter worth $86,000. Pacific Ridge Capital Partners LLC acquired a new stake in Abacus Global Management in the 4th quarter worth $962,000. World Investment Advisors bought a new position in shares of Abacus Global Management during the 4th quarter worth about $181,000. Finally, Axxcess Wealth Management LLC acquired a new position in shares of Abacus Global Management during the fourth quarter valued at about $98,000.

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.