Abacus

Abacus Life Repurchases Total of $6 Million of Stock in First 60 Days of Program

Retrieved on: 
Tuesday, February 13, 2024

ORLANDO, Fla., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (NASDAQ: ABL) (“Abacus” or the “Company”), a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, provided an update to its $15 million stock repurchase program previously announced on December 12, 2023 (the “Repurchase Program”).

Key Points: 
  • ORLANDO, Fla., Feb. 13, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (NASDAQ: ABL) (“Abacus” or the “Company”), a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, provided an update to its $15 million stock repurchase program previously announced on December 12, 2023 (the “Repurchase Program”).
  • From the commencement of the Repurchase Program through February 12, 2024, Abacus has repurchased 553,150] shares of its common stock at an average price of $10.92 on the open market at a total cost of approximately $6.0 million.
  • As of February 12, 2024, Abacus has $9.0 million of availability under the Repurchase Program, which expires on June 10, 2025, unless sooner suspended or discontinued.
  • The Company is not obligated to purchase any shares under the repurchase program, and the program may be suspended, modified, or discontinued at any time without prior notice.

Abacus Life Repurchases $1.9 Million of Stock in First 30 Days of Program

Retrieved on: 
Tuesday, January 9, 2024

ORLANDO, Fla., Jan. 09, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (NASDAQ: ABL) (“Abacus” or the “Company”), a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, provided an update to its $15 million stock repurchase program previously announced on December 12, 2023 (the “Repurchase Program”).

Key Points: 
  • ORLANDO, Fla., Jan. 09, 2024 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (NASDAQ: ABL) (“Abacus” or the “Company”), a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, provided an update to its $15 million stock repurchase program previously announced on December 12, 2023 (the “Repurchase Program”).
  • From the commencement of the Repurchase Program through January 8, 2024, Abacus has repurchased 206,050 shares of its common stock at an average price of $9.26 on the open market at a total cost of 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, unless sooner suspended or discontinued.
  • The Company is not obligated to purchase any shares under the repurchase program, and the program may be suspended, modified, or discontinued at any time without prior notice.

Abacus Logistics Selects Deposco to Strengthen its 3PL Fulfillment and Inventory Management for Customers

Retrieved on: 
Tuesday, December 5, 2023

The investment brings the 3PL’s’ customers a cutting-edge order fulfillment experience that improves accuracy, reduces cycle times, and increases visibility.

Key Points: 
  • The investment brings the 3PL’s’ customers a cutting-edge order fulfillment experience that improves accuracy, reduces cycle times, and increases visibility.
  • Headquartered in Mexico, MO, Abacus Logistics has consistently delivered outstanding service to its ecommerce clients, ranging from startups with a single sales channel to Fortune 500 companies with omnichannel fulfillment and complex supply chains.
  • “Abacus' collaboration with Deposco represents a significant milestone in our ongoing commitment to delivering the highest quality logistics and 3PL fulfillment services,” continued Cagney.
  • Deposco’s Bright Warehouse software streamlines the 3PL’s warehouse operations by optimizing inventory and order fulfillment, picking, putaway, shipping, and returns.

Abacus Life Reports Third Quarter 2023 Results

Retrieved on: 
Monday, November 13, 2023

ORLANDO, Fla., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, today reported results for the quarter ended September 30, 2023.

Key Points: 
  • - GAAP Net Income of $0.9 Million; non-GAAP Adjusted Net Income of $9.2 Million -
    ORLANDO, Fla., Nov. 13, 2023 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a leading buyer of life insurance policies and vertically integrated alternative asset manager specializing in specialty insurance products, today reported results for the quarter ended September 30, 2023.
  • “Our strong third quarter results continue to validate Abacus' differentiated business model and further contributes to our solid track record of sustained growth,” said Jay Jackson, Chief Executive Officer of Abacus.
  • Total revenue for the third quarter of 2023 grew 20% to $21.1 million, compared to $17.5 million in the prior-year period.
  • GAAP net income attributable to shareholders for the third quarter of 2023 was $0.9 million, compared to $11.2 million in the prior-year period.

Abacus Life Launches New Wealth Division – ABL Wealth – in Association with Dynasty Financial Partners

Retrieved on: 
Monday, November 6, 2023

ORLANDO, Fla. and BOCA RATON, Fla., Nov. 06, 2023 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a leading buyer of life insurance policies and vertically-integrated alternative asset manager specializing in specialty insurance products, today announced the launch of its new wealth division, ABL Wealth, powered by Dynasty Financial Partners, one of the country’s leading wealth management platforms for independent wealth management firms.

Key Points: 
  • ORLANDO, Fla. and BOCA RATON, Fla., Nov. 06, 2023 (GLOBE NEWSWIRE) -- Abacus Life, Inc. (“Abacus” or the “Company”) (NASDAQ: ABL), a leading buyer of life insurance policies and vertically-integrated alternative asset manager specializing in specialty insurance products, today announced the launch of its new wealth division, ABL Wealth, powered by Dynasty Financial Partners, one of the country’s leading wealth management platforms for independent wealth management firms.
  • Headquartered in Orlando, ABL Wealth will provide clients that currently seek liquidity from their life insurance policies with comprehensive lifespan-based financial planning and investment management services.
  • Additional services for clients to be provided by ABL Wealth will include retirement planning and risk management.
  • Currently, 52 firms representing 330 advisors comprise the Dynasty network and the firm’s affiliated advisors oversee approximately $80 billion in assets under advisement.

Abacus Insights Appoints New Independent Board Director

Retrieved on: 
Tuesday, October 31, 2023

Abacus Insights , the leader in data usability for U.S. healthcare payers, is pleased to announce that it has added William McIvor to its board of directors.

Key Points: 
  • Abacus Insights , the leader in data usability for U.S. healthcare payers, is pleased to announce that it has added William McIvor to its board of directors.
  • “Bill’s operational and strategic leadership at the innovative intersection of payers, providers and technology brings a wealth of knowledge and know-how to Abacus Insights’ mission of improving healthcare by making data usable,” said Minal Patel, MD, founder and CEO of Abacus Insights.
  • Abacus Insights’ data usability solutions dramatically increase our payer partners' ability to dynamically and responsively meet strategic goals,” McIvor said.
  • He will be Abacus Insights’ first independent director.

Media Alert: Houston Better Business Bureau Honors Abacus Plumbing, Air Conditioning & Electrical with Pinnacle Award

Retrieved on: 
Wednesday, November 1, 2023

HOUSTON, Nov. 1, 2023 /PRNewswire/ -- Focusing regional attention on businesses and nonprofits that embody a commitment to excellence in the Greater Houston area, Abacus Plumbing, Air Conditioning & Electrical (Abacus) was proudly spotlighted among 236 companies at the annual Better Business Bureau Awards of Excellence held on October 10, 2023.

Key Points: 
  • The Award Marks Abacus Plumbing, Air Conditioning and Electrical's 15th time to be honored by the BBB.
  • HOUSTON, Nov. 1, 2023 /PRNewswire/ -- Focusing regional attention on businesses and nonprofits that embody a commitment to excellence in the Greater Houston area, Abacus Plumbing, Air Conditioning & Electrical (Abacus) was proudly spotlighted among 236 companies at the annual Better Business Bureau Awards of Excellence held on October 10, 2023.
  • Celebrating two decades in business this year, Abacus received their seventh Pinnacle Award.
  • Each recognition reaffirms that we are on the right path, and we remain devoted to serving Houston with unmatched excellence."

Abacus Alliance and Entigrity Join Forces to Help Member Accounting Firms

Retrieved on: 
Friday, October 27, 2023

SUGAR LAND, Texas, Oct. 27, 2023 /PRNewswire/ -- Entigrity, a prominent offshore staffing provider in the accounting industry, announced its strategic partnership with Abacus Worldwide, an international alliance of independent accounting and CPA firms.

Key Points: 
  • SUGAR LAND, Texas, Oct. 27, 2023 /PRNewswire/ -- Entigrity, a prominent offshore staffing provider in the accounting industry, announced its strategic partnership with Abacus Worldwide, an international alliance of independent accounting and CPA firms.
  • Abacus Worldwide is a distinguished international alliance comprising independent accounting and consulting firms.
  • The strategic alliance is set to introduce Abacus members to offshore staffing solutions, providing them with access to a diverse talent pool and cost-effective staffing alternatives.
  • Entigrity is a recognized leader in offshore staffing services, catering exclusively to accounting and CPA firms across the globe.

MEDIA ALERT: Abacus Partners with The Trail Conservancy to Promote Safe Use of Bathroom Facilities on The Trail

Retrieved on: 
Tuesday, October 24, 2023

AUSTIN, Texas, Oct. 24, 2023 /PRNewswire/ -- Abacus Plumbing, Air Conditioning and Electrical is continuing its commitment to the Austin community, and to their "Clean Air, Clean Water" initiative, through its latest partnership with The Trail Conservancy. New signs have now been installed in all six of the trail's restrooms to remind patrons that the plumbing in their facilities is delicate and requires extra care.

Key Points: 
  • They're a reminder that only toilet paper and natural waste should be flushed to keep the facilities in working condition for all who use the trail.
  • This message is important to The Trail Conservancy since the group is tasked with maintaining trail facilities, and restroom repairs can come with a high price tag.
  • Abacus is honored to partner with The Trail Conservancy to make our city a better place.
  • On Sunday, November 5th Abacus will be sponsoring The Trail Conservancy's Twilight on the Trail events which is the nonprofit's biggest fundraiser of the year.

Talent Groups Expands National Presence with Two Acquisitions

Retrieved on: 
Wednesday, October 11, 2023

These acquisitions mark another milestone in Talent Groups' growth strategy, further enhancing its position as a leading provider of IT staffing and consulting services nationwide.

Key Points: 
  • These acquisitions mark another milestone in Talent Groups' growth strategy, further enhancing its position as a leading provider of IT staffing and consulting services nationwide.
  • Steve Gunner, CEO of both Abacus Technical Services and The InSource Group, expressed his enthusiasm for joining forces with Talent Groups: "Becoming a part of the Talent Groups family is an exciting prospect for us.
  • "We are thrilled to welcome Abacus Technical Services and The InSource Group to the Talent Groups family," said Matthew Ripaldi, CEO of Talent Groups.
  • "These strategic acquisitions align perfectly with our mission to provide exceptional IT talent solutions to a wider range of clients.