Abacus Global Management (NYSE:ABX) Major Shareholder Sells $176,472.00 in Stock

26 Sep 2026, 08:52 by Sarita Garza · The Markets Daily

Abacus Global Management, Inc. (NYSE:ABX – Get Free Report) major shareholder Matthew Ganovsky sold 22,800 shares of the business’s stock in a transaction dated Wednesday, September 23rd. The stock was sold at an average price of $7.74, for a total transaction of $176,472.00. Following the completion of the sale, the insider owned 8,651,148 shares in the company, valued at approximately $66,959,885.52. This trade represents a 0.26% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Matthew Ganovsky also recently made the following trade(s):

On Tuesday, September 22nd, Matthew Ganovsky sold 21,312 shares of Abacus Global Management stock. The shares were sold at an average price of $8.01, for a total transaction of $170,709.12.
On Monday, September 21st, Matthew Ganovsky sold 36,000 shares of Abacus Global Management stock. The stock was sold at an average price of $8.13, for a total value of $292,680.00.
On Friday, September 18th, Matthew Ganovsky sold 24,000 shares of Abacus Global Management stock. The stock was sold at an average price of $8.79, for a total value of $210,960.00.
On Monday, August 3rd, Matthew Ganovsky sold 38,333 shares of Abacus Global Management stock. The stock was sold at an average price of $10.31, for a total value of $395,213.23.

Abacus Global Management Trading Up 0.6%

Shares of ABX stock opened at $8.32 on Friday. Abacus Global Management, Inc. has a 1 year low of $5.00 and a 1 year high of $12.44. The company has a debt-to-equity ratio of 0.67, a current ratio of 0.70 and a quick ratio of 0.70. The stock’s 50 day simple moving average is $9.55 and its two-hundred day simple moving average is $9.48. The company has a market cap of $813.32 million, a PE ratio of 29.70 and a beta of 0.06.

Abacus Global Management declared that its Board of Directors has approved a share buyback program on Friday, August 14th that authorizes the company to repurchase $100.00 million in shares. This repurchase authorization authorizes the company to reacquire up to 12.2% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s board believes its shares are undervalued.

Abacus Global Management News Summary

Here are the key news stories impacting Abacus Global Management this week:

Positive Sentiment: Abacus completed a landmark $400 million securitization of life-insurance assets. The dual-tranche transaction received an investment-grade rating, was oversubscribed and was increased in size because of strong institutional fixed-income demand. The successful deal supports Abacus Global Management’s funding capacity and validates the maturity of its securitization platform. Abacus Global Management Completes Landmark $400 Million Securitization
Positive Sentiment: Management said the transaction advances the company’s shift toward more recurring, fee-related revenue. For investors, that could reduce reliance on one-time asset sales and provide a more scalable earnings model if Abacus can repeat similar transactions.
Neutral Sentiment: Abacus Global Management is scheduled to participate in a virtual fireside chat hosted by Autonomous Research. The event may provide additional details on securitization demand, growth plans and revenue visibility, but it does not represent a new financial commitment. Abacus Global Management to Participate in Virtual Fireside Chat
Negative Sentiment: Major shareholders Sean McNealy, Kevin Scott Kirby and Matthew Ganovsky each reported additional sales of roughly 22,700 shares at approximately $7.74 per share. The combined proceeds were about $528,000. Each sale was made under a pre-arranged Rule 10b5-1 plan and represented only a small fraction of the holders’ remaining positions, limiting its fundamental significance but potentially adding near-term selling pressure. Abacus Global Management Insider Trading Activity
Negative Sentiment: The latest transactions follow several other founder sales during September. Continued insider selling may weigh on confidence even though the founders retain substantial ownership and the trades were conducted through established trading plans.

Analyst Upgrades and Downgrades

ABX has been the subject of a number of analyst reports. Texas Capital upgraded Abacus Global Management to a “strong-buy” rating in a research report on Tuesday, June 9th. Piper Sandler cut their price objective on shares of Abacus Global Management from $13.00 to $12.00 and set a “neutral” rating on the stock in a research report on Friday, August 7th. Weiss Ratings reissued a “hold (c)” rating on shares of Abacus Global Management in a research note on Tuesday, September 8th. Finally, B. Riley Financial restated a “buy” rating on shares of Abacus Global Management in a report on Friday, August 7th. One investment analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Abacus Global Management currently has a consensus rating of “Moderate Buy” and an average target price of $12.00.

View Our Latest Research Report on ABX

Institutional Investors Weigh In On Abacus Global Management

Hedge funds and other institutional investors have recently modified their holdings of the business. Ashford Capital Management Inc. purchased a new position in Abacus Global Management during the 1st quarter valued at $6,815,000. Royce & Associates LP purchased a new stake in Abacus Global Management in the fourth quarter worth $16,992,000. Kennedy Capital Management LLC bought a new stake in shares of Abacus Global Management during the fourth quarter worth $5,342,000. QTR Family Wealth LLC bought a new stake in shares of Abacus Global Management during the fourth quarter worth $5,110,000. Finally, Sei Investments Co. boosted its stake in shares of Abacus Global Management by 39.6% during the first quarter. Sei Investments Co. now owns 204,620 shares of the company’s stock valued at $1,612,000 after purchasing an additional 57,993 shares during the period.

About Abacus Global Management

(Get Free Report)

Abacus Global Management, Inc (NYSE: ABX) is an alternative asset management company focused on longevity-related assets, including life insurance policies. Through its platform, the company acquires life insurance policies from policyholders, provides liquidity to policy sellers, and manages portfolios of policies through maturity or other disposition.

The company’s activities include life settlement origination, policy servicing, portfolio management and investment management. Its business is designed to provide institutional and other investors with access to the life settlement market, in which investment returns are linked in part to policy values and the longevity of insured individuals.