Allspring Global Investments Holdings LLC Has $10.32 Million Holdings in Abacus Global Management, Inc. $ABX

Allspring Global Investments Holdings LLC decreased its position in shares of Abacus Global Management, Inc. (NYSE:ABX) by 5.6% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,330,138 shares of the company’s stock after selling 78,634 shares during the period. Allspring Global Investments Holdings LLC owned 1.38% of Abacus Global Management worth $10,322,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Russell Investments Group Ltd. acquired a new position in shares of Abacus Global Management during the fourth quarter valued at about $30,000. New York State Common Retirement Fund bought a new stake in shares of Abacus Global Management during the fourth quarter valued at approximately $75,000. Police & Firemen s Retirement System of New Jersey bought a new stake in shares of Abacus Global Management during the fourth quarter valued at approximately $83,000. Summit Wealth & Retirement Planning Inc. acquired a new position in shares of Abacus Global Management in the fourth quarter valued at $86,000. Finally, Intech Investment Management LLC acquired a new position in shares of Abacus Global Management in the fourth quarter valued at $96,000.

Wall Street Analyst Weigh In

ABX has been the subject of a number of recent research reports. Weiss Ratings reissued a “hold (c)” rating on shares of Abacus Global Management in a report on Thursday, June 11th. Piper Sandler boosted their target price on Abacus Global Management from $10.00 to $13.00 and gave the stock a “neutral” rating in a report on Monday, July 13th. Texas Capital upgraded Abacus Global Management to a “strong-buy” rating in a research report on Tuesday, June 9th. Finally, Wall Street Zen downgraded Abacus Global Management from a “buy” rating to a “hold” rating in a research report on Saturday, May 2nd. One investment analyst has rated the stock with a Strong Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $13.00.

Abacus Global Management Stock Down 1.2%

Abacus Global Management stock opened at $10.26 on Thursday. The firm has a 50-day moving average price of $9.89. The company has a market capitalization of $983.85 million, a PE ratio of 26.30 and a beta of 0.06. Abacus Global Management, Inc. has a 12-month low of $5.00 and a 12-month high of $12.44. The company has a debt-to-equity ratio of 0.79, a quick ratio of 1.91 and a current ratio of 1.91.

About Abacus Global Management

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.