MSP Recovery (NASDAQ:LIFW) Trading 1.2% Higher

MSP Recovery, Inc. (NASDAQ:LIFW)’s share price traded up 1.2% on Wednesday . The stock traded as high as $0.96 and last traded at $0.94. 637,859 shares changed hands during mid-day trading, a decline of 87% from the average session volume of 4,936,157 shares. The stock had previously closed at $0.93.

MSP Recovery Trading Up 1.2 %

The company has a debt-to-equity ratio of 0.39, a current ratio of 0.54 and a quick ratio of 0.54. The firm has a 50 day moving average of $0.95 and a two-hundred day moving average of $1.01.

Insider Buying and Selling

In related news, CEO John Hasan Ruiz purchased 438,596 shares of the business’s stock in a transaction that occurred on Monday, March 4th. The shares were bought at an average price of $1.14 per share, for a total transaction of $499,999.44. Following the purchase, the chief executive officer now directly owns 912,786 shares of the company’s stock, valued at approximately $1,040,576.04. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other MSP Recovery news, CEO John Hasan Ruiz bought 438,596 shares of the business’s stock in a transaction on Monday, March 4th. The shares were acquired at an average cost of $1.14 per share, for a total transaction of $499,999.44. Following the purchase, the chief executive officer now owns 912,786 shares in the company, valued at approximately $1,040,576.04. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, major shareholder Cano Health, Inc. sold 31,658 shares of the stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $0.82, for a total value of $25,959.56. Following the sale, the insider now owns 4,790,806 shares in the company, valued at $3,928,460.92. The disclosure for this sale can be found here. Insiders have sold 3,849,176 shares of company stock worth $4,363,910 in the last 90 days. Insiders own 19.40% of the company’s stock.

Institutional Trading of MSP Recovery

Several institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC purchased a new stake in MSP Recovery during the 2nd quarter valued at $27,000. Prudential Financial Inc. purchased a new stake in MSP Recovery during the 2nd quarter valued at $49,000. Nomura Holdings Inc. purchased a new stake in MSP Recovery during the 2nd quarter valued at $61,000. State Street Corp purchased a new stake in MSP Recovery during the 3rd quarter valued at $48,000. Finally, California State Teachers Retirement System purchased a new stake in MSP Recovery during the 3rd quarter valued at $67,000. 3.77% of the stock is currently owned by hedge funds and other institutional investors.

About MSP Recovery

MSP Recovery, Inc, doing business as LifeWallet, operates as a healthcare recoveries and data analytics company in the United States and Puerto Rico. The company offers claims recovery services, including services to related parties or third parties to assist entities with pursuit of claims recovery rights.