Abacus Life (NASDAQ:ABL) Trading Up 7.6%

Abacus Life, Inc. (NASDAQ:ABLGet Free Report)’s share price was up 7.6% on Tuesday . The company traded as high as $12.31 and last traded at $12.15. Approximately 20,600 shares changed hands during trading, a decline of 51% from the average daily volume of 42,201 shares. The stock had previously closed at $11.29.

Analyst Upgrades and Downgrades

Separately, TheStreet raised Abacus Life from a “d+” rating to a “c-” rating in a research note on Thursday, December 14th.

View Our Latest Stock Analysis on ABL

Abacus Life Stock Performance

The company has a current ratio of 7.24, a quick ratio of 7.24 and a debt-to-equity ratio of 0.72. The firm has a fifty day moving average price of $11.76 and a 200-day moving average price of $8.89.

Hedge Funds Weigh In On Abacus Life

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Barclays PLC bought a new position in shares of Abacus Life in the third quarter valued at $47,000. Northern Trust Corp acquired a new stake in Abacus Life during the 4th quarter valued at $130,000. Finally, Quarry LP acquired a new stake in Abacus Life during the 4th quarter valued at $463,000. 16.02% of the stock is currently owned by institutional investors and hedge funds.

Abacus Life Company Profile

(Get Free Report)

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.

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