AWM Investment Company Inc. Sells 1,839 Shares of Abacus Life, Inc. (NASDAQ:ABL)

AWM Investment Company Inc. trimmed its holdings in Abacus Life, Inc. (NASDAQ:ABL) by 0.3% in the 4th quarter, HoldingsChannel.com reports. The fund owned 623,012 shares of the company’s stock after selling 1,839 shares during the quarter. AWM Investment Company Inc.’s holdings in Abacus Life were worth $4,878,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. Geneos Wealth Management Inc. acquired a new position in Abacus Life during the fourth quarter valued at approximately $110,000. Squarepoint Ops LLC bought a new stake in shares of Abacus Life during the 4th quarter worth $113,000. JPMorgan Chase & Co. boosted its holdings in shares of Abacus Life by 640.9% during the 4th quarter. JPMorgan Chase & Co. now owns 16,670 shares of the company’s stock worth $131,000 after buying an additional 14,420 shares during the period. LPL Financial LLC grew its stake in Abacus Life by 31.0% in the 4th quarter. LPL Financial LLC now owns 23,288 shares of the company’s stock valued at $182,000 after buying an additional 5,507 shares during the last quarter. Finally, XTX Topco Ltd bought a new position in Abacus Life in the 4th quarter worth $193,000.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on ABL shares. Maxim Group began coverage on shares of Abacus Life in a report on Tuesday, April 29th. They set a “buy” rating and a $14.00 price target for the company. Piper Sandler boosted their price objective on Abacus Life from $11.50 to $12.00 and gave the stock an “overweight” rating in a research report on Friday, May 9th. Six analysts have rated the stock with a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $14.08.

Abacus Life Stock Performance

NASDAQ ABL opened at $8.76 on Wednesday. The company’s fifty day moving average is $7.92 and its two-hundred day moving average is $7.86. Abacus Life, Inc. has a 52-week low of $6.34 and a 52-week high of $12.40. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.29 and a quick ratio of 1.29. The firm has a market capitalization of $848.43 million, a price-to-earnings ratio of -48.66 and a beta of 0.14.

Abacus Life (NASDAQ:ABL) last issued its quarterly earnings results on Thursday, May 8th. The company reported $0.18 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.16 by $0.02. The firm had revenue of $44.14 million for the quarter, compared to analyst estimates of $39.51 million. Abacus Life had a positive return on equity of 12.88% and a negative net margin of 11.65%. Equities research analysts forecast that Abacus Life, Inc. will post 0.62 EPS for the current year.

Abacus Life 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.