EU and US could reach trade deal this weekend - Reuters
Abacus Global Management, Inc. (NASDAQ:ABL) Chief Financial Officer William Hugh McCauley Jr. has acquired a significant number of shares in the company, according to a recent SEC filing. The purchase comes as InvestingPro data shows the stock trading near oversold levels, having declined 26% in the past week and 46.59% over the last year. On June 4, 2025, McCauley purchased 33,000 shares of common stock at a price of $5.8229 per share, amounting to a total transaction value of approximately $192,155. This acquisition brings McCauley’s total ownership to 87,000 shares. Notably, this total includes 4,000 shares that vested earlier this year and 33,000 shares held jointly with his spouse. While the company faces challenges with rapid cash burn, InvestingPro analysis indicates the stock is currently undervalued and analysts expect profitability this year. Discover 10+ additional exclusive insights and detailed financial analysis in the Pro Research Report, available with an InvestingPro subscription.
In other recent news, Abacus Global Management has announced a $20 million stock repurchase program, approved by its Board of Directors and set to be effective for eighteen months. This move is part of the company’s strategy to manage its capital structure and potentially enhance shareholder value. Abacus Global Management has also been at the center of controversy following a short seller report by Morpheus Research, which accused the company of overvaluing its life settlement assets. Despite these allegations, Piper Sandler analysts have maintained their Overweight rating on Abacus Life, emphasizing the complexity of life expectancy valuations and the company’s collaboration with third-party experts.
In response to the allegations, Abacus Global Management has defended its valuation methods and financial results, citing nearly 40% realized gains on a capital deployment of $126 million for the first quarter. The company has labeled the short report as misleading and plans to release a detailed rebuttal, along with potential legal action. Additionally, Abacus Global Management has made significant changes to its executive compensation structure, with salary increases for key officers and the introduction of performance-based restricted stock units and bonuses tied to financial targets. These developments highlight the company’s ongoing efforts to align executive incentives with performance and market standards.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.