MSP Recovery (NASDAQ:LIFW) Trading 1.2% Higher

MSP Recovery, Inc. (NASDAQ:LIFW) shares traded up 1.2% during mid-day trading on Wednesday . The company traded as high as $0.96 and last traded at $0.94. 637,859 shares traded 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 Stock Up 1.2 %

The business has a fifty day simple moving average of $0.95 and a 200-day simple moving average of $1.01. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.54 and a quick ratio of 0.54.

Insider Activity

In other news, major shareholder Cano Health, Inc. sold 72,265 shares of the stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $1.20, for a total value of $86,718.00. Following the completion of the sale, the insider now owns 6,053,733 shares of the company’s stock, valued at $7,264,479.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. In other news, major shareholder Cano Health, Inc. sold 72,265 shares of the stock in a transaction dated Wednesday, January 24th. The stock was sold at an average price of $1.20, for a total value of $86,718.00. Following the completion of the sale, the insider now owns 6,053,733 shares of the company’s stock, valued at $7,264,479.60. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, CEO John Hasan Ruiz purchased 438,596 shares of the firm’s stock in a transaction dated Monday, March 4th. The stock was bought at an average cost of $1.14 per share, with a total value of $499,999.44. Following the purchase, 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. Over the last quarter, insiders sold 3,849,176 shares of company stock valued at $4,363,910. Company insiders own 19.40% of the company’s stock.

Institutional Investors Weigh In On MSP Recovery

Several institutional investors and hedge funds have recently made changes to their positions in LIFW. Nomura Holdings Inc. bought a new stake in shares of MSP Recovery during the 4th quarter valued at about $385,000. SkyView Investment Advisors LLC acquired a new stake in MSP Recovery in the first quarter valued at approximately $273,000. Palantir Technologies Inc. grew its stake in MSP Recovery by 317.5% in the third quarter. Palantir Technologies Inc. now owns 9,038,838 shares of the company’s stock valued at $1,989,000 after acquiring an additional 6,873,651 shares during the period. KB Financial Partners LLC acquired a new stake in MSP Recovery in the first quarter valued at approximately $135,000. Finally, Vanguard Group Inc. grew its stake in MSP Recovery by 36.1% in the third quarter. Vanguard Group Inc. now owns 6,369,728 shares of the company’s stock valued at $1,368,000 after acquiring an additional 1,690,836 shares during the period. Institutional investors own 3.77% of the company’s stock.

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.