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

MSP Recovery, Inc. (NASDAQ:LIFW)’s stock price dropped 2.3% during 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 Trading Down 2.3 %

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

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

Insider Transactions at MSP Recovery

In other MSP Recovery news, CEO John Hasan Ruiz acquired 438,596 shares of the firm’s stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average cost of $1.14 per share, for a total transaction of $499,999.44. Following the transaction, the chief executive officer now owns 912,786 shares of the company’s stock, valued at $1,040,576.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, major shareholder Cano Health, Inc. sold 52,502 shares of the company’s stock in a transaction on Friday, March 22nd. The shares were sold at an average price of $0.75, for a total value of $39,376.50. Following the completion of the transaction, the insider now directly owns 2,137,844 shares of the company’s stock, valued at approximately $1,603,383. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO John Hasan Ruiz bought 438,596 shares of the stock in a transaction on Monday, March 4th. The shares were purchased at an average price of $1.14 per share, with a total value of $499,999.44. Following the acquisition, the chief executive officer now owns 912,786 shares in the company, valued at approximately $1,040,576.04. The disclosure for this purchase can be found here. Insiders have sold a total of 2,257,091 shares of company stock valued at $2,301,490 over the last 90 days. 19.40% of the stock is owned by company insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in MSP Recovery stock. Palantir Technologies Inc. raised its position in MSP Recovery, Inc. (NASDAQ:LIFW) by 317.5% during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor owned 9,038,838 shares of the company’s stock after acquiring an additional 6,873,651 shares during the period. MSP Recovery comprises 20.5% of Palantir Technologies Inc.’s portfolio, making the stock its 3rd biggest position. Palantir Technologies Inc. owned about 6.57% of MSP Recovery worth $1,989,000 at the end of the most recent reporting period. Hedge funds and other institutional investors own 3.77% of the company’s stock.

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.