MSP Recovery (NASDAQ:LIFW) Trading Down 2.3%

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

MSP Recovery Trading Down 0.0 %

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 company's 50-day simple moving average is $1.05 and its 200 day simple moving average is $0.93.

MSP Recovery (NASDAQ:LIFW - Get Free Report) last posted its quarterly earnings results on Monday, April 15th. The company reported ($1.91) EPS for the quarter. The company had revenue of $0.73 million during 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

In other MSP Recovery news, CEO John Hasan Ruiz acquired 438,596 shares of MSP Recovery 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 purchase, the chief executive officer now owns 912,786 shares of the company's stock, valued at $1,040,576.04. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other MSP Recovery news, CEO John Hasan Ruiz acquired 438,596 shares of MSP Recovery 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 purchase, the chief executive officer now owns 912,786 shares of the company's stock, valued at $1,040,576.04. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, major shareholder Cano Health, Inc. sold 52,502 shares of MSP Recovery stock in a transaction that occurred on Friday, March 22nd. The shares were sold at an average price of $0.75, for a total transaction of $39,376.50. Following the completion of the transaction, the insider now owns 2,137,844 shares of the company's stock, valued at $1,603,383. The disclosure for this sale can be found here. In the last quarter, insiders have sold 2,257,091 shares of company stock valued at $2,301,490. 19.40% of the stock is owned by company insiders.

Institutional Trading of MSP Recovery

A hedge fund recently raised its stake in MSP Recovery stock. Palantir Technologies Inc. raised its position in MSP Recovery, Inc. (NASDAQ:LIFW - Free Report) by 317.5% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 9,038,838 shares of the company's stock after acquiring an additional 6,873,651 shares during the quarter. MSP Recovery makes up 20.5% of Palantir Technologies Inc.'s investment portfolio, making the stock its 3rd largest position. Palantir Technologies Inc. owned 6.57% of MSP Recovery worth $1,989,000 at the end of the most recent quarter. 3.77% of the stock is currently owned by institutional investors and hedge funds.

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.