Abacus global director Kirby sells $176k in company stock

Abacus Global Management's Director and 10% Owner, Kevin Scott Kirby, sold 22,745 shares of the company's common stock on September 23, 2026. The shares were purchased at prices between $7.63 and $7.88, totaling $176,046. The transactions were made under a Rule 10b5-1 trading plan adopted on June 18, 2026. Kirby's sale occurred as ABX shares dropped 15% over the previous week, trading at $7.82, despite InvestingPro analysis indicating the stock is undervalued at $11.50.

The company holds a healthy financial score and trades at a P/E ratio of 28.3. Following the sales, Kirby directly owns 12,506,060 shares of Abacus Global Management common stock, with an additional 86,207 shares indirectly held through a jointly owned LLC with his spouse. Meanwhile, Abacus Global Management reported second-quarter earnings surpassing expectations, with adjusted earnings of $0.28 per share and total revenue of $73 million, a 30% increase from the previous year.

The company maintained its full-year guidance, leading to a 3.94% rise in its shares during after-hours trading.