Streetbeat News

ABL

Abacus Life, Inc.

https://abacuslife.com

Industry

Insurance - Life

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.

Open

8.44

Mkt cap

623M

Volume

41K

High

8.51

P/E Ratio

-37.91

52-wk high

13.25

Low

8.12

Div yield

N/A

52-wk low

5.85

Abacus Life remains on track to achieve its 2024 goals, expecting Q2 net income between $0.0 and $1.0 million and Adjusted EBITDA between $15.0 and $17.0 million. The company completed a public offering generating over $90 million in net proceeds to pursue growth opportunities.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 8:20 pm

Abacus Life has reported preliminary Q2 total revenue of $28M - $30M, representing a year-over-year increase of 146-163%, surpassing the estimated $21.893M.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 8:17 pm

Abacus Life is set to acquire Carlisle Management for $200 million.

Portfolio Pulse from Benzinga Newsdesk

July 18, 2024 | 8:08 pm

Piper Sandler has initiated coverage on Abacus Life (NASDAQ:ABL) with an Overweight rating and set a price target of $12.

Portfolio Pulse from Benzinga Newsdesk

June 26, 2024 | 10:33 am

B. Riley Securities has reiterated its Buy rating on Abacus Life (NASDAQ:ABL) but lowered the price target from $16 to $15.

Portfolio Pulse from Benzinga Newsdesk

June 24, 2024 | 2:00 pm

Kaival Brands Innovations Group (NASDAQ:KAVL) shares dropped 47% after announcing a $6.0 million public offering. Other notable movers include American Rebel Holdings (NASDAQ:AREB) up 161% due to a new distribution agreement, and Sharecare (NASDAQ:SHCR) up 74% following an acquisition agreement.

Portfolio Pulse from Avi Kapoor

June 21, 2024 | 6:04 pm

Abacus Life shares are trading lower following the announcement of a public offering of common stock.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 12:47 pm

Several major stocks, including Smith & Wesson Brands, Abacus Life, and others, are experiencing declines in Friday's pre-market session. Despite Smith & Wesson beating earnings and sales estimates, its shares fell 4%. Other notable declines include Molecular Partners, NANO Nuclear Energy, VinFast Auto, Bitdeer Technologies, Abacus Life, TeraWulf, Iris Energy, and GameStop.

Portfolio Pulse from Avi Kapoor

June 21, 2024 | 9:42 am

Abacus Life has priced a public offering of 10 million common stock shares at $8 per share, aiming to raise approximately $80 million. The proceeds will be used for operations, purchasing life settlement policies, and general corporate purposes.

Portfolio Pulse from Benzinga Newsdesk

June 21, 2024 | 6:38 am

Abacus Life has announced a proposed public offering of 10 million shares.

Portfolio Pulse from Benzinga Newsdesk

June 13, 2024 | 8:08 pm

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