Insider Selling: Abacus Global Management (NYSE:ABX) Major Shareholder Sells $292,680.00 in Stock

22 Sep 2026, 21:08 by Renee Jackson · The Cerbat Gem

Abacus Global Management, Inc. (NYSE:ABX – Get Free Report) major shareholder Matthew Ganovsky sold 36,000 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $8.13, for a total value of $292,680.00. Following the transaction, the insider owned 8,695,260 shares of the company’s stock, valued at approximately $70,692,463.80. This represents a 0.41% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Major shareholders that own at least 10% of a company’s stock 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 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 transaction of $210,960.00.
On Monday, August 3rd, Matthew Ganovsky sold 38,333 shares of Abacus Global Management stock. The shares were sold at an average price of $10.31, for a total transaction of $395,213.23.

Abacus Global Management Price Performance

Shares of Abacus Global Management stock traded down $0.01 during trading on Tuesday, reaching $8.04. 821,523 shares of the stock traded hands, compared to its average volume of 476,388. 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 company has a market capitalization of $785.74 million, a price-to-earnings ratio of 28.70 and a beta of 0.06. Abacus Global Management, Inc. has a 52-week low of $5.00 and a 52-week high of $12.44. The business has a fifty day simple moving average of $9.69 and a two-hundred day simple moving average of $9.52.

Abacus Global Management announced that its Board of Directors has authorized a stock buyback plan on Friday, August 14th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the company to buy up to 12.2% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company’s management believes its stock is undervalued.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in ABX. Royce & Associates LP purchased a new position in shares of Abacus Global Management during the 4th quarter valued at approximately $16,992,000. Alta Fundamental Advisers LLC purchased a new position in Abacus Global Management in the 4th quarter valued at about $9,385,000. Ashford Capital Management Inc. acquired a new stake in Abacus Global Management in the 1st quarter worth about $6,815,000. QTR Family Wealth LLC acquired a new stake in Abacus Global Management in the 4th quarter worth about $5,110,000. Finally, Kennedy Capital Management LLC purchased a new stake in Abacus Global Management during the 4th quarter worth approximately $5,342,000.

Trending Headlines about Abacus Global Management

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

Neutral Sentiment: A head-to-head comparison of Abacus Global Management and OLB Group was published, but the available information does not identify a specific new catalyst for ABX. Head to Head Contrast: Abacus Global Management vs. OLB Group
Negative Sentiment: Major shareholder Matthew Ganovsky sold 81,312 shares across September 18, 21 and 22 for approximately $674,349. He still owned about 8.67 million shares after the transactions. The sales represented relatively small reductions in his position and were conducted under a 10b5b1 plan. SEC filing for Matthew Ganovsky transactions
Negative Sentiment: Major shareholder Kevin Scott Kirby sold 81,500 shares over the same period for approximately $675,903. He retained roughly 12.53 million shares, making the sales a limited reduction in his overall stake. SEC filing for Kevin Scott Kirby transactions
Negative Sentiment: Major shareholder Sean McNealy sold 56,954 shares on September 21 and 22 for approximately $460,504, while continuing to own about 12.53 million shares. Across all three shareholders, sales totaled approximately 219,766 shares worth $1.81 million. SEC filing for Sean McNealy transactions

Analyst Ratings Changes

A number of brokerages have recently commented on ABX. Piper Sandler reduced their target price 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 report on Tuesday, September 8th. B. Riley Financial reaffirmed a “buy” rating on shares of Abacus Global Management in a research report on Friday, August 7th. Finally, Texas Capital upgraded shares of Abacus Global Management to a “strong-buy” rating in a report on Tuesday, June 9th. One equities research analyst has rated the stock with a Strong Buy rating, one has given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $12.00.

Read Our Latest Stock Report on Abacus Global Management

Abacus Global Management Company Profile

(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.