B. Riley Weighs in on Abacus Life's Q1 Earnings (NASDAQ:ABL)

Abacus Life, Inc. (NASDAQ:ABL - Free Report) - Stock analysts at B. Riley reduced their Q1 2025 earnings per share (EPS) estimates for Abacus Life in a research report issued on Friday, March 21st. B. Riley analyst R. Binner now forecasts that the company will earn $0.15 per share for the quarter, down from their previous forecast of $0.16. B. Riley has a "Buy" rating and a $15.00 price objective on the stock. The consensus estimate for Abacus Life's current full-year earnings is $0.62 per share. B. Riley also issued estimates for Abacus Life's Q2 2025 earnings at $0.17 EPS and Q4 2025 earnings at $0.23 EPS.

Abacus Life (NASDAQ:ABL - Get Free Report) last issued its earnings results on Thursday, March 27th. The company reported $0.16 EPS for the quarter, topping the consensus estimate of $0.14 by $0.02. Abacus Life had a positive return on equity of 12.88% and a negative net margin of 11.65%.

Abacus Life Price Performance

ABL stock traded down $0.06 during trading on Monday, reaching $7.15. 169,217 shares of the company were exchanged, compared to its average volume of 137,920. Abacus Life has a twelve month low of $6.75 and a twelve month high of $12.50. 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 company has a market capitalization of $691.01 million, a price-to-earnings ratio of -39.72 and a beta of 0.14. The company has a 50-day moving average of $7.62 and a two-hundred day moving average of $8.32.

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Hedge Funds Weigh In On Abacus Life

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Alyeska Investment Group L.P. increased its stake in shares of Abacus Life by 116.5% in the fourth quarter. Alyeska Investment Group L.P. now owns 2,540,790 shares of the company's stock valued at $19,894,000 after buying an additional 1,367,210 shares during the period. Allspring Global Investments Holdings LLC increased its position in Abacus Life by 23.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,399,204 shares of the company's stock valued at $10,830,000 after acquiring an additional 263,036 shares during the period. Royce & Associates LP raised its stake in shares of Abacus Life by 339.9% during the fourth quarter. Royce & Associates LP now owns 1,306,431 shares of the company's stock valued at $10,229,000 after acquiring an additional 1,009,431 shares during the last quarter. Mendon Capital Advisors Corp raised its stake in shares of Abacus Life by 137.1% during the fourth quarter. Mendon Capital Advisors Corp now owns 1,303,826 shares of the company's stock valued at $10,209,000 after acquiring an additional 753,826 shares during the last quarter. Finally, Curi RMB Capital LLC lifted its holdings in shares of Abacus Life by 110.7% during the fourth quarter. Curi RMB Capital LLC now owns 1,159,000 shares of the company's stock worth $9,075,000 after purchasing an additional 609,000 shares during the period.

Abacus Life Company 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.