On December 9, 2024, Adam Gusky, a Director at Abacus Life Inc, purchased 8,126 shares of the company, according to a SEC Filing. Following this transaction, the insider now owns a total of 49,085 shares in the company.
Abacus Life Inc (ABL, Financial) is a company that operates in the life insurance sector, focusing on the acquisition and management of life insurance policies. The company provides solutions for policyholders seeking liquidity and investment opportunities for institutional investors.
The recent purchase by the insider is part of a broader trend of insider activity within the company. Over the past year, Adam Gusky has acquired a total of 26,367 shares and has not sold any shares. This indicates a consistent pattern of buying behavior from the insider.
The insider transaction history for Abacus Life Inc shows that there have been two insider buys and four insider sells over the past year. This mixed activity suggests varying perspectives among insiders regarding the company's future prospects.
On the day of the recent purchase, shares of Abacus Life Inc were trading at $7.93 each, giving the stock a market cap of $753.958 million. Investors may consider this information alongside other valuation metrics such as the GF Value, price-earnings ratio, price-sales ratio, price-book ratio, and price-to-free cash flow to assess the stock's potential.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
