MSP Recovery (NASDAQ:LIFW) Shares Down 2.3%

MSP Recovery, Inc. (NASDAQ:LIFW)’s stock price was down 2.3% during mid-day trading on Wednesday . The stock traded as low as $0.85 and last traded at $0.86. Approximately 169,253 shares traded hands during mid-day trading, a decline of 93% from the average daily volume of 2,377,610 shares. The stock had previously closed at $0.88.

MSP Recovery Trading Down 2.3 %

The business has a 50 day moving average of $1.06 and a 200 day moving average of $0.93. The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.47 and a current ratio of 0.47.

MSP Recovery (NASDAQ:LIFW) last released its quarterly earnings results on Monday, April 15th. The company reported ($1.91) earnings per share (EPS) for the quarter. The firm had revenue of $0.73 million for the quarter. MSP Recovery had a negative return on equity of 12.92% and a negative net margin of 731.32%.

Insider Buying and Selling at MSP Recovery

In other news, major shareholder Cano Health, Inc. sold 59,737 shares of MSP Recovery stock in a transaction on Friday, February 9th. The stock was sold at an average price of $0.79, for a total value of $47,192.23. Following the completion of the sale, the insider now owns 5,291,729 shares of the company’s stock, valued at $4,180,465.91. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, major shareholder Cano Health, Inc. sold 59,737 shares of the firm’s stock in a transaction that occurred on Friday, February 9th. The shares were sold at an average price of $0.79, for a total value of $47,192.23. Following the sale, the insider now directly owns 5,291,729 shares of the company’s stock, valued at $4,180,465.91. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO John Hasan Ruiz bought 438,596 shares of the stock in a transaction that occurred on Monday, March 4th. The stock was bought at an average price of $1.14 per share, with a total value of $499,999.44. Following the completion of the acquisition, the chief executive officer now owns 912,786 shares of the company’s stock, valued at approximately $1,040,576.04. The disclosure for this purchase can be found here. In the last three months, insiders sold 2,257,091 shares of company stock worth $2,301,490. Insiders own 19.40% of the company’s stock.

Institutional Inflows and Outflows

A hedge fund recently raised its stake in MSP Recovery stock. Palantir Technologies Inc. lifted its position in shares of MSP Recovery, Inc. (NASDAQ:LIFW) by 317.5% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 9,038,838 shares of the company’s stock after purchasing an additional 6,873,651 shares during the quarter. MSP Recovery comprises approximately 20.5% of Palantir Technologies Inc.’s holdings, making the stock its 3rd largest holding. Palantir Technologies Inc. owned approximately 6.57% of MSP Recovery worth $1,989,000 at the end of the most recent quarter. 3.77% of the stock is owned by institutional investors and hedge funds.

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.