Abacus Global jumps on $20 million buyback program

Abacus Global Management

02/02/2026 17:20

** Alternative asset manager Abacus Global Management's ABX.N shares jump 9.4% to $8.15

** ABX late Friday announced $20 million share repurchase program

** Buyback program to be funded through cash on hand and free cash flow

** ABX has 97.8 million outstanding shares, per LSEG

** All five brokerages covering the stock rate it "buy"; median PT $14 - data compiled by LSEG

** As of last close, ABX stock down 12.9% YTD

(Reporting by Arasu Kannagi Basil in Bengaluru)

((ArasuKannagi.Basil@thomsonreuters.com))