MSP Recovery (NASDAQ:LIFW) Stock Price Down 2.3%

MSP Recovery, Inc. (NASDAQ:LIFW) 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 changed 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 Price Performance

The company has a debt-to-equity ratio of 0.48, a quick ratio of 0.47 and a current ratio of 0.47. The stock’s 50 day simple moving average is $1.06 and its 200 day simple moving average is $0.93.

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

Insider Transactions at MSP Recovery

In related news, major shareholder Cano Health, Inc. sold 31,658 shares of MSP Recovery stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $0.82, for a total transaction of $25,959.56. Following the transaction, the insider now owns 4,790,806 shares of the company’s stock, valued at $3,928,460.92. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other news, CEO John Hasan Ruiz acquired 438,596 shares of the firm’s stock in a transaction on Monday, March 4th. The stock was purchased 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 owns 912,786 shares in the company, valued at approximately $1,040,576.04. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Also, major shareholder Cano Health, Inc. sold 31,658 shares of MSP Recovery stock in a transaction that occurred on Thursday, February 22nd. The stock was sold at an average price of $0.82, for a total transaction of $25,959.56. Following the transaction, the insider now directly owns 4,790,806 shares in the company, valued at approximately $3,928,460.92. The disclosure for this sale can be found here. Insiders sold a total of 2,257,091 shares of company stock valued at $2,301,490 over the last ninety days. 19.40% of the stock is currently owned by insiders.

Institutional Trading of MSP Recovery

An institutional investor recently raised its position in MSP Recovery stock. Palantir Technologies Inc. raised its holdings in MSP Recovery, Inc. (NASDAQ:LIFW) by 317.5% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (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 accounts for 20.5% of Palantir Technologies Inc.’s investment portfolio, making the stock its 3rd largest position. Palantir Technologies Inc. owned approximately 6.57% of MSP Recovery worth $1,989,000 as of its most recent SEC filing. 3.77% of the stock is currently owned by hedge funds and other institutional investors.

MSP Recovery Company Profile

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.