Squarepoint Ops LLC Acquires 201,490 Shares of Abacus Life, Inc. $ABL

Squarepoint Ops LLC raised its stake in shares of Abacus Life, Inc. (NASDAQ:ABL) by 1,264.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 217,430 shares of the company’s stock after purchasing an additional 201,490 shares during the quarter. Squarepoint Ops LLC owned 0.22% of Abacus Life worth $1,118,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Bison Wealth LLC raised its holdings in shares of Abacus Life by 492.0% in the 4th quarter. Bison Wealth LLC now owns 61,125 shares of the company’s stock worth $479,000 after buying an additional 50,800 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in Abacus Life by 152.2% in the first quarter. Charles Schwab Investment Management Inc. now owns 154,700 shares of the company’s stock valued at $1,159,000 after acquiring an additional 93,348 shares during the period. State of Wyoming acquired a new position in Abacus Life during the first quarter worth $105,000. AWM Investment Company Inc. lifted its holdings in shares of Abacus Life by 9.2% during the first quarter. AWM Investment Company Inc. now owns 680,536 shares of the company’s stock valued at $5,097,000 after acquiring an additional 57,524 shares during the period. Finally, Curi RMB Capital LLC lifted its holdings in shares of Abacus Life by 10.0% during the first quarter. Curi RMB Capital LLC now owns 1,275,000 shares of the company’s stock valued at $9,550,000 after acquiring an additional 116,000 shares during the period.

Analysts Set New Price Targets

ABL has been the topic of several analyst reports. Piper Sandler lowered their target price on shares of Abacus Life from $10.00 to $9.00 and set an “overweight” rating on the stock in a report on Thursday, October 9th. B. Riley upgraded shares of Abacus Life to a “strong-buy” rating in a research report on Friday, November 7th. Finally, Weiss Ratings reaffirmed a “sell (d+)” rating on shares of Abacus Life in a research note on Monday, December 15th. One research analyst has rated the stock with a Strong Buy rating, two have issued a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, Abacus Life currently has a consensus rating of “Moderate Buy” and an average price target of $12.67.

Abacus Life Stock Down 2.9%

Shares of NASDAQ ABL opened at $8.51 on Monday. Abacus Life, Inc. has a 12-month low of $4.60 and a 12-month high of $9.61. The firm’s 50-day simple moving average is $6.43 and its 200 day simple moving average is $6.08. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.67. The company has a market cap of $831.85 million, a price-to-earnings ratio of 106.38 and a beta of -0.06.

Abacus Life (NASDAQ:ABL) last posted its quarterly earnings data on Thursday, November 6th. The company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.02. Abacus Life had a net margin of 5.62% and a return on equity of 16.90%. The firm had revenue of $62.98 million during the quarter, compared to analysts’ expectations of $47.42 million. On average, research analysts expect that Abacus Life, Inc. will post 0.62 earnings per share for the current fiscal year.

Abacus Life Announces Dividend

The company also recently disclosed an annual dividend, which was paid on Wednesday, December 17th. Shareholders of record on Tuesday, December 2nd were issued a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, December 2nd. This represents a yield of 311.0%.

About Abacus 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.