Abacus Life (NASDAQ:ABL) Shares Gap Down to $8.28

Abacus Life, Inc. (NASDAQ:ABL) shares gapped down prior to trading on Thursday . The stock had previously closed at $8.28, but opened at $8.08. Abacus Life shares last traded at $8.30, with a volume of 365 shares changing hands.

Abacus Life Trading Up 0.2 %

The company has a quick ratio of 2.32, a current ratio of 2.32 and a debt-to-equity ratio of 0.57. The firm has a fifty day simple moving average of $7.30.

Abacus Life (NASDAQ:ABL) last released its earnings results on Monday, August 14th. The company reported $0.13 earnings per share (EPS) for the quarter. The business had revenue of $11.38 million during the quarter.

Insider Activity at Abacus Life

In related news, Director Mary Beth Schulte bought 13,000 shares of the firm’s stock in a transaction on Wednesday, August 23rd. The shares were purchased at an average price of $7.73 per share, with a total value of $100,490.00. Following the completion of the purchase, the director now owns 13,000 shares in the company, valued at approximately $100,490. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 47.02% of the stock is owned by insiders.

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.