Abacus Global Management, Inc. (NYSE:ABX - Get Free Report)'s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $10.04 and last traded at $10.2790, with a volume of 105864 shares. The stock had previously closed at $9.63.
Analyst Upgrades and Downgrades
A number of research firms recently weighed in on ABX. Weiss Ratings began 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 shares of Abacus Global Management from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, January 28th. Two investment analysts have rated the stock with a Hold rating, According to MarketBeat, the company currently has an average rating of "Hold".
Check Out Our Latest Stock Analysis on ABX
Abacus Global Management Stock Performance
The stock has a market capitalization of $1.02 billion, a P/E ratio of 130.11 and a beta of -0.14. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.67.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of ABX. QTR Family Wealth LLC bought a new stake in shares of Abacus Global Management during the 4th quarter worth $5,110,000. JB Capital Partners LP purchased a new stake in Abacus Global Management during the fourth quarter worth about $684,000. Oasis Management Co Ltd. purchased a new stake in Abacus Global Management during the fourth quarter worth about $197,000. Los Angeles Capital Management LLC bought a new stake in Abacus Global Management in the fourth quarter worth about $1,510,000. Finally, State of Wyoming bought a new stake in Abacus Global Management in the fourth quarter worth about $304,000.
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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