Abacus Global Management, Inc. (NYSE:ABX – Get Free Report) shares reached a new 52-week high on Monday . The company traded as high as $10.57 and last traded at $10.3720, with a volume of 660852 shares changing hands. The stock had previously closed at $9.91.
Wall Street Analyst Weigh In
Several equities analysts recently commented on ABX shares. Texas Capital raised shares of Abacus Global Management to a “strong-buy” rating in a research note on Tuesday, June 9th. Wall Street Zen cut shares of Abacus Global Management from a “buy” rating to a “hold” rating in a research note on Saturday, May 2nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Abacus Global Management in a research report on Thursday, June 11th. Finally, Piper Sandler lifted their price objective on Abacus Global Management from $9.50 to $10.00 and gave the stock a “neutral” rating in a research note on Friday, May 8th. One equities research analyst has rated the stock with a Strong Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $10.00.
Check Out Our Latest Stock Report on Abacus Global Management
Abacus Global Management Stock Up 9.0%
Institutional Trading of Abacus Global Management
Several large investors have recently made changes to their positions in the company. Ashford Capital Management Inc. bought a new stake in Abacus Global Management in the 1st quarter valued at about $6,815,000. Sei Investments Co. raised its holdings in Abacus Global Management by 39.6% during the first quarter. Sei Investments Co. now owns 204,620 shares of the company’s stock worth $1,612,000 after buying an additional 57,993 shares during the last quarter. State of Wyoming grew its holdings in shares of Abacus Global Management by 67.5% during the first quarter. State of Wyoming now owns 59,611 shares of the company’s stock valued at $470,000 after buying an additional 24,024 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Abacus Global Management by 5.1% during the first quarter. Bank of New York Mellon Corp now owns 152,101 shares of the company’s stock worth $1,199,000 after acquiring an additional 7,444 shares in the last quarter. Finally, World Investment Advisors increased its position in shares of Abacus Global Management by 89.7% during the first quarter. World Investment Advisors now owns 40,137 shares of the company’s stock worth $316,000 after acquiring an additional 18,975 shares in the last quarter.
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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