Abacus Global Management Rises on $20M Stock Buyback Program

Dow Jones

Feb 02

By Elias Schisgall

Shares of Abacus Global Management rose after the company said its board of directors authorized a $20 million stock buyback program.

Shares rose 7.4% to $8 as of Monday morning. The stock has gained 4.3% over the past 12 months.

Jay Jackson, chief executive of the alternative asset management company, said Friday that the repurchase authorization "reflects our confidence in the company's long-term strategy, financial strength and future growth prospects."

"Additionally, this program further positions Abacus for continued growth while enabling shareholders to benefit directly from strong and sustainable earnings," Jackson added.

The company said it expects to fund the program through a nomination of cash on hand and free cash flow.

The program became effective Friday.

Write to Elias Schisgall at elias.schisgall@wsj.com

(END) Dow Jones Newswires

February 02, 2026 10:35 ET (15:35 GMT)

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The stock has gained 4.3% over the past 12 months. \n</p>\n<p>\n  Jay Jackson, chief executive of the alternative asset management company, said Friday that the repurchase authorization \"reflects our confidence in the company's long-term strategy, financial strength and future growth prospects.\" \n</p>\n<p>\n  \"Additionally, this program further positions Abacus for continued growth while enabling shareholders to benefit directly from strong and sustainable earnings,\" Jackson added. \n</p>\n<p>\n  The company said it expects to fund the program through a nomination of cash on hand and free cash flow. \n</p>\n<p>\n  The program became effective Friday. \n</p>\n<p>\n  Write to Elias Schisgall at elias.schisgall@wsj.com \n</p>\n<pre style=\"white-space: pre\">\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 02, 2026 10:35 ET (15:35 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0496367417.USD","symbol_name":"富兰克林黄金和贵金属A（acc）","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2608980638","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2608980638","pubTimestamp":1770046500,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Shares of Abacus Global Management rose after the company said its board of directors authorized a $20 million stock buyback program.Shares rose 7.4% to $8 as of Monday morning. 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The stock has gained 4.3% over the past 12 months. \n\n\n  Jay Jackson, chief executive of the alternative asset management company, said Friday that the repurchase authorization \"reflects our confidence in the company's long-term strategy, financial strength and future growth prospects.\" \n\n\n  \"Additionally, this program further positions Abacus for continued growth while enabling shareholders to benefit directly from strong and sustainable earnings,\" Jackson added. \n\n\n  The company said it expects to fund the program through a nomination of cash on hand and free cash flow. \n\n\n  The program became effective Friday. \n\n\n  Write to Elias Schisgall at elias.schisgall@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 02, 2026 10:35 ET (15:35 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"shareholding","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}