Key Highlights

  • Abacus Global Management shares are up 4.81% in pre-market trading to $8.93, following a slight 0.12% dip to $8.52 at Thursday's close.
  • The company's Board of Directors authorized a new $100 million share repurchase program, commencing August 17, 2026.
  • The new authorization builds on approximately $80 million in shares already repurchased under prior programs since December 2023.
  • The buyback follows a roughly 21.6% decline in the stock over the prior four weeks, despite a strong second-quarter report that beat EPS estimates and grew Revenue nearly 30% year-over-year to $73 million.

What's Driving the Gain

Abacus Global Management, Inc. (NYSE:ABX) shares are trading higher in pre-market activity after the company announced a significant new Capital return program. Abacus is an Orlando, Florida-based financial services company and the only publicly traded life settlement firm listed on the NYSE, specializing in alternative asset management, data-driven Wealth solutions, and technology innovations focused on longevity-based Assets and personalized financial planning.

The company's board authorized a $100 million share repurchase program set to begin August 17, 2026, which will be funded through ongoing free Cash Flow generation, proceeds from Balance Sheet transactions, and cash on hand. CEO Jay Jackson said the authorization reflects confidence in the company's Business model and its ability to continue generating attractive returns on capital, while balancing growth Investment with capital returns to shareholders. The new program builds on approximately $80 million of stock already repurchased under prior authorizations since December 2023.

Context Behind the Buyback

The repurchase announcement comes after shares had fallen roughly 21.6% over the prior four weeks, despite the company posting a strong second-quarter report with adjusted EPS of $0.28 beating estimates and revenue growing nearly 30% year-over-year to $73 million. Abacus also reiterated full-year adjusted Net Income guidance of $100 million to $106 million. Analysts including Maxim Group and Northland Securities have maintained Buy ratings with price targets near $13.50 to $15, implying substantial upside from current levels, with some flagging the recent pullback as creating an oversold, potentially undervalued entry point.

Conclusion

Abacus Global Management shares are higher in pre-market trading as the new $100 million buyback authorization signals management confidence following a sharp recent pullback in the stock. With analyst price targets well above current levels and full-year guidance reaffirmed, investors appear to be viewing the repurchase program as a supportive catalyst for shares heading into the back half of the year.