QTR Family Wealth LLC purchased a new stake in shares of Abacus Global Management, Inc. (NYSE:ABX – Free Report) in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 628,578 shares of the company’s stock, valued at approximately $5,110,000. Abacus Global Management comprises about 2.3% of QTR Family Wealth LLC’s investment portfolio, making the stock its 8th biggest holding. QTR Family Wealth LLC owned approximately 0.64% of Abacus Global Management as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also recently made changes to their positions in ABX. Citizens Financial Group Inc. RI purchased a new stake in shares of Abacus Global Management during the 4th quarter valued at about $889,000. Summit Wealth & Retirement Planning Inc. purchased a new stake in shares of Abacus Global Management during the 4th quarter valued at about $86,000. Pacific Ridge Capital Partners LLC purchased a new stake in shares of Abacus Global Management during the 4th quarter valued at about $962,000. World Investment Advisors purchased a new stake in shares of Abacus Global Management during the 4th quarter valued at about $181,000. Finally, Axxcess Wealth Management LLC purchased a new stake in shares of Abacus Global Management during the 4th quarter valued at about $98,000.
Abacus Global Management Trading Up 2.3%
Shares of NYSE:ABX opened at $9.62 on Friday. The company’s 50 day moving average is $8.99. The company has a market cap of $922.75 million, a P/E ratio of 24.67 and a beta of 0.09. The company has a current ratio of 1.91, a quick ratio of 1.91 and a debt-to-equity ratio of 0.79. Abacus Global Management, Inc. has a 12-month low of $4.60 and a 12-month high of $10.53.
Analyst Ratings Changes
Several equities research analysts have recently commented on ABX shares. Piper Sandler upped their price target on shares of Abacus Global Management from $9.50 to $10.00 and gave the company a “neutral” rating in a research report on Friday, May 8th. Wall Street Zen lowered shares of Abacus Global Management from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. Finally, Texas Capital raised shares of Abacus Global Management to a “strong-buy” rating in a research report on Tuesday. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company. According to MarketBeat, Abacus Global Management presently has a consensus rating of “Moderate Buy” and a consensus target price of $10.00.
Get Our Latest Stock Analysis on ABX
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.
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