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Abacus Life Inc - ABLLW STOCK NEWS

Welcome to our dedicated news page for Abacus Life (Ticker: ABLLW), a resource for investors and traders seeking the latest updates and insights on Abacus Life.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Abacus Life's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Abacus Life's position in the market.

Rhea-AI Summary
Abacus Life, Inc. (NASDAQ: ABL) announces the official expansion of ABL Tech, its technology division, redefining the technological landscape within the pension fund and financial services industry. ABL Tech offers innovative solutions in mortality verification, valuation services, an enhanced life settlement marketplace, and blockchain technology.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.08%
Tags
none
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Rhea-AI Summary
Abacus Life, Inc. (ABL) announces the official expansion of its technology division, ABL Tech, revolutionizing the pension fund and financial services industry with innovative tech-driven solutions. ABL Tech offers services like DeathTrac & LifeTrac, Valuation Services, Abacus Marketplace, and Blockchain Technology, aiming to simplify processes and enhance security.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.08%
Tags
none
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Rhea-AI Summary
Abacus Life, Inc. (NASDAQ: ABL) updates its $15 million stock repurchase program, repurchasing 553,150 shares at an average price of $10.92, totaling $6.0 million. The company has $9.0 million remaining under the program, expiring on June 10, 2025. Chairman and CEO Jay Jackson expresses satisfaction with the progress, highlighting long-term growth opportunities to create value for stockholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-2.3%
Tags
buyback
Rhea-AI Summary
Abacus Life, Inc. announced a public offering of $25 million in 9.875% notes due 2028, bringing the total outstanding to $60,650,000. The Company aims to use the proceeds for debt refinancing and general corporate purposes.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
7.01%
Tags
offering
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Rhea-AI Summary
Abacus Life, Inc. CEO Jay Jackson appeared on the Wealthion Podcast hosted by Eric Chemi to discuss the company's role as a leading buyer of life insurance policies and alternative asset manager. The podcast aims to address misconceptions about the industry and highlight Abacus Life's expertise in specialty insurance products.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.4%
Tags
none
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Rhea-AI Summary
Abacus Life, Inc. CEO Jay Jackson discusses the de-SPAC process and the importance of longevity data on the SPACInsider Podcast. He emphasizes the potential for better financial products and allocations through accurate lifespan data. The podcast is available on Apple Podcasts, Spotify, and the SPACInsider website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.6%
Tags
none
Rhea-AI Summary
Abacus Life, a leading buyer of life insurance policies and alternative asset manager (NASDAQ: ABL), has provided an update on its $15 million stock repurchase program. Since the commencement of the program, the company has repurchased 206,050 shares of its common stock at an average price of $9.26, totaling approximately $1.9 million. As of January 9, 2024, Abacus has $13.1 million of availability under the Repurchase Program, which expires on June 10, 2025. The company's Chairman and CEO, Jay Jackson, expressed confidence in the quality of their business and the opportunities for long-term value creation.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-5.24%
Tags
buyback
-
Rhea-AI Summary
Abacus Life, a leading buyer of life insurance policies and alternative asset manager, announced a new stock repurchase program of up to $15 million of the Company's outstanding common stock. The program reflects the Board's confidence in the business model and aims to create long-term value for shareholders. The Company may repurchase shares through various methods over a period of up to 18 months, with the timing and value of repurchases determined at the Company's discretion.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
11.59%
Tags
buyback
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Rhea-AI Summary
Abacus Life, Inc. (NASDAQ: ABL) reported strong Q3 2023 results, with total revenue growing 20% year-over-year to $21.1 million. The company also increased originations capital deployment by 43% year-over-year to $51 million. GAAP net income was $0.9 million, while non-GAAP adjusted net income stood at $9.2 million. Adjusted EBITDA grew 26% year-over-year to $10.8 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.61%
Tags
earnings
Rhea-AI Summary
ABACUS Life, Inc. (ABL) CEO Jay Jackson to Participate in Stephens Investment Conference Fireside Chat on November 14, 2023 at 4pm Eastern Time
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.45%
Tags
conferences
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