Palantir Technologies Inc. grew its stake in MSP Recovery, Inc. (NASDAQ:LIFW - Free Report) by 317.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 9,038,838 shares of the company's stock after purchasing an additional 6,873,651 shares during the period. MSP Recovery comprises approximately 20.5% of Palantir Technologies Inc.'s investment portfolio, making the stock its 3rd largest holding. Palantir Technologies Inc. owned 6.57% of MSP Recovery worth $1,989,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also made changes to their positions in LIFW. Jane Street Group LLC acquired a new position in MSP Recovery in the 2nd quarter worth about $27,000. BlackRock Inc. purchased a new stake in shares of MSP Recovery in the second quarter valued at approximately $32,000. Geode Capital Management LLC acquired a new position in shares of MSP Recovery during the 4th quarter worth approximately $39,000. State Street Corp purchased a new position in shares of MSP Recovery during the 3rd quarter valued at approximately $48,000. Finally, Prudential Financial Inc. acquired a new stake in MSP Recovery in the 2nd quarter valued at $49,000. Institutional investors and hedge funds own 6.15% of the company's stock.
Insider Transactions at MSP Recovery
In other MSP Recovery news, major shareholder Cano Health, Inc. sold 36,841 shares of the stock in a transaction that occurred on Wednesday, February 28th. The stock was sold at an average price of $0.82, for a total transaction of $30,209.62. Following the completion of the transaction, the insider now owns 4,691,365 shares of the company's stock, valued at $3,846,919.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold 2,255,550 shares of company stock valued at $2,774,117 over the last 90 days. Corporate insiders own 19.40% of the company's stock.
MSP Recovery Stock Up 25.3 %
NASDAQ LIFW traded up $0.22 on Friday, hitting $1.07. The company had a trading volume of 2,614,637 shares, compared to its average volume of 731,146. The company has a debt-to-equity ratio of 0.39, a current ratio of 0.54 and a quick ratio of 0.54. MSP Recovery, Inc. has a 12-month low of $0.72 and a 12-month high of $29.00. The company's fifty day moving average price is $0.89 and its 200-day moving average price is $1.92.
About MSP Recovery
(
Free Report)
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.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider MSP Recovery, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and MSP Recovery wasn't on the list.
While MSP Recovery currently has a "hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
