ABL
Abacus Global Management, Inc.
Set alert
8.09 USD 0.00 0.00%
7.52 Day range 8.13
7.07 52-week range 13.25
- YTD
- -5.38%
- 1 year
- +5.20%
- Open
- 7.64
- Prev close
- 8.09
- Mkt cap
- 707.95M
- Vol
- 594.69K
- Avg vol
- 179.93K
- EPS
- -0.22
- P/E
- 10.30
- Div yield
- 0.00%
More statistics
- Low
- 7.52
- High
- 8.13
- Forward P/E
- 9.31
- Beta
- 0.15
- Short ratio
- 2.36
- Inst. own
- 14.10%
- Dividend
- 0.00
- Ex-div date
- Earnings
- Aug 12, 2024
- 50-d avg
- 8.45
- 200-d avg
- 10.07
- 1y target
- 14.38
Key statistics
- Market cap
- 707.95M
- Enterprise value
- 736.52M
- Trailing P/E
- 0.00
- Forward P/E
- 9.31
- PEG ratio
- 0.00
- Price / sales
- 6.91
- Price / book
- 2.18
- EPS (TTM)
- -0.22
- Beta
- 0.15
- Dividend yield
- 0.00%
- Payout ratio
- 0.00%
- Profit margin
- -11.65%
- Revenue (TTM)
- 102.41M
- Revenue growth
- 33.30%
- Free cash flow
- 31.60M
- Total cash
- 22.43M
- Total debt
- 182.52M
- Return on equity
- -5.79%
- Shares outstanding
- 93.89M
- Short % of float
- 2.58%
- 50-day average
- 8.45
- 200-day average
- 10.07
Analyst view
Consensus: strong buy
Strong buy
Price target (mean) 14.38 +77.7% upside
Now 8.09
- Target (low)
- 13.00
- Target (mean)
- 14.38
- Target (high)
- 17.00
Ratings (0m) 4 4 buy · 0 hold · 0 sell
- Strong buy1
- Buy3
- Hold0
- Sell0
- Strong sell0
Next earnings
Aug 12, 2024
Expected Aug 12, 2024. Consensus EPS estimate 0.155.
Financials — quick view
ABL Revenue — quarterly 62.98M
ABL Net income — quarterly 7.08M
ABL EPS — quarterly 0.07
Earnings
| Report date | Quarter ending | EPS estimate | EPS reported | Surprise | Surprise % |
|---|---|---|---|---|---|
| Nov 7, 2024 | Sep 1, 2024 | 0.14 | 0.20 | +0.06 | +42.86% |
| Aug 12, 2024 | Jun 1, 2024 | 0.13 | 0.18 | +0.05 | +38.46% |
| Aug 12, 2024 | Jun 1, 2024 | 0.13 | — | — | — |
| May 13, 2024 | Mar 1, 2024 | 0.00 | — | — | — |
| May 13, 2024 | Mar 1, 2024 | 0.00 | 0.11 | — | — |
| Mar 21, 2024 | Dec 1, 2023 | 0.00 | -0.10 | — | — |
Upgrades / downgrades
| Date | Firm | Action | From | To |
|---|---|---|---|---|
| Nov 25, 2024 | B. Riley Securities | main | Buy | Buy |
| Nov 8, 2024 | Piper Sandler | reit | Overweight | Overweight |
| Oct 24, 2024 | Northland Capital Markets | init | — | Outperform |
| Aug 29, 2024 | B. Riley Securities | reit | Buy | Buy |
| Aug 7, 2024 | TD Cowen | init | — | Buy |
| Jun 26, 2024 | Piper Sandler | init | — | Overweight |
About Abacus Global Management, Inc.
Abacus Life, Inc. operates as an alternative asset manager and market maker in the United States. It operates through three segments: Portfolio Servicing, Active Management, and Originations. The Portfolio Servicing segment provides policy services to customers on a contract basis. The Active Management segment is involved in buying, selling, and trading policies, as well as maintaining policies until receipt of death benefits. The Originations segment originates life insurance policy settlements between investors or buyers, and the sellers, who is often the original policy owner. The company sells its products through financial advisor or agent, direct to consumer, and traditional life settlements intermediaries. Abacus Life, Inc. was founded in 2004 and is headquartered in Orlando, Florida.
- Sector
- Financial Services
- Industry
- Insurance - Life
- Country
- United States
- Website
- abacuslife.com
News
- RideNow Group, Inc. Announces $220 Million Senior Secured Term Loan Refinancing; In Advanced Discussions for $50 Million Asset Backed Lending (ABL) Facility
- Lifetime Brands Announces Closing of $60 Million Second Lien Term Loan and Amended and Extended $200 million ABL Facility
- SLR ABL Platform Provides $200 Million Senior Credit Facility for Modivcare
- Hillman Announces Closing of $735 Million Term Loan B and $375 Million ABL Revolving Credit Facility
- DXP Enterprises, Inc. Announces New ABL Revolver
- Acuity: ABL Is Stabilizing, And AIS Growth Runway Has Lengthened
- Par Pacific Announces Closing of Private Placement of $500 Million of Senior Notes and Increase and Extension of ABL
- Provident Bank Expands ABL Team with the Addition of Bruce Gibson as First Vice President, Senior Relationship Manager
- Arch Capital Management Launches to Provide Flexible Working Capital, Factoring, and ABL Facilities
- Strata Announces Closing of Revolving Credit Facility to Support Acquisition Strategy Execution
Your note
Sign in to keep a note on ABL — it syncs with the Stock Master app.
Insider holders
| Insider | Relation | Latest transaction | Date | Shares held |
|---|---|---|---|---|
| CORBETT THOMAS WINGETT JR | Director | Stock Award(Grant) | Nov 8, 2023 | 17,500 |
| GANOVSKY MATTHEW | President | Sale | Dec 19, 2024 | 10,014,200 |
| GUSKY ADAM SAMUEL | Director | Purchase | Dec 15, 2024 | 59,085 |
| JACKSON JAY J | Chief Executive Officer | Sale | Dec 19, 2024 | 9,861,200 |
| KIRBY KEVIN SCOTT | President | Sale | Dec 19, 2024 | 12,361,200 |
| MCCAULEY WILLIAM HUGH JR | Chief Financial Officer | Conversion of Exercise of derivative security | Jul 2, 2024 | 50,000 |
Institution ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Alyeska Investment Group, L.p. | 1.39% | 1,173,580 | 8.85M | Sep 29, 2024 |
| Allspring Global Investments Holdings, LLC | 1.34% | 1,136,168 | 8.57M | Sep 29, 2024 |
| Goldman Sachs Group Inc | 1.31% | 1,105,214 | 8.33M | Sep 29, 2024 |
| Principal Financial Group, Inc. | 1.19% | 1,011,143 | 7.62M | Sep 29, 2024 |
| Balyasny Asset Management LLC | 0.97% | 817,660 | 6.17M | Sep 29, 2024 |
| Vanguard Group Inc | 0.85% | 722,983 | 5.45M | Sep 29, 2024 |
Fund ownership
| Holder | % held | Shares | Value | Reported |
|---|---|---|---|---|
| Allspring Special Small Cap Value Fund | 1.10% | 932,400 | 7.03M | Oct 30, 2024 |
| RMB Mendon Financial Services Fund | 0.65% | 550,000 | 4.15M | Sep 29, 2024 |
| Vanguard Total Stock Market Index Fund | 0.60% | 507,100 | 3.82M | Sep 29, 2024 |
| Goldman Sachs Small Cap Value Fund | 0.59% | 495,518 | 3.74M | Aug 30, 2024 |
| Legg Mason Glb Asset Mgt Tr-Clearbridge Small Cap Fd | 0.43% | 365,200 | 2.75M | Oct 30, 2024 |
| Principal Small Cap Fund | 0.41% | 343,973 | 2.59M | Oct 30, 2024 |