MSP Recovery, Inc. (NASDAQ:LIFW) Major Shareholder Sells $17,454.50 in Stock

Posted by Brenda Bartman on Mar 29th, 2024

MSP Recovery, Inc. (NASDAQ:LIFW – Get Free Report) major shareholder Cano Health, Inc. sold 24,935 shares of MSP Recovery stock in a transaction dated Wednesday, March 27th. The shares were sold at an average price of $0.70, for a total value of $17,454.50. Following the sale, the insider now directly owns 2,069,309 shares in the company, valued at $1,448,516.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Major shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Cano Health, Inc. also recently made the following trade(s):

On Monday, March 25th, Cano Health, Inc. sold 23,600 shares of MSP Recovery stock. The stock was sold at an average price of $0.74, for a total value of $17,464.00.
On Friday, March 22nd, Cano Health, Inc. sold 52,502 shares of MSP Recovery stock. The shares were sold at an average price of $0.75, for a total value of $39,376.50.
On Wednesday, March 20th, Cano Health, Inc. sold 46,246 shares of MSP Recovery stock. The stock was sold at an average price of $0.76, for a total value of $35,146.96.
On Monday, March 18th, Cano Health, Inc. sold 41,937 shares of MSP Recovery stock. The shares were sold at an average price of $0.79, for a total value of $33,130.23.
On Friday, March 15th, Cano Health, Inc. sold 44,305 shares of MSP Recovery stock. The shares were sold at an average price of $0.78, for a total transaction of $34,557.90.
On Wednesday, March 13th, Cano Health, Inc. sold 41,584 shares of MSP Recovery stock. The shares were sold at an average price of $0.84, for a total transaction of $34,930.56.
On Monday, March 11th, Cano Health, Inc. sold 36,964 shares of MSP Recovery stock. The shares were sold at an average price of $0.94, for a total transaction of $34,746.16.
On Friday, March 8th, Cano Health, Inc. sold 22,694 shares of MSP Recovery stock. The shares were sold at an average price of $0.96, for a total transaction of $21,786.24.
On Wednesday, March 6th, Cano Health, Inc. sold 133,518 shares of MSP Recovery stock. The shares were sold at an average price of $1.02, for a total transaction of $136,188.36.
On Monday, March 4th, Cano Health, Inc. sold 774,400 shares of MSP Recovery stock. The shares were sold at an average price of $1.23, for a total transaction of $952,512.00.

MSP Recovery Price Performance

LIFW traded down $0.02 on Friday, reaching $0.69. The company had a trading volume of 359,600 shares, compared to its average volume of 892,620. The business has a 50 day simple moving average of $0.85 and a 200 day simple moving average of $1.23. The company has a current ratio of 0.54, a quick ratio of 0.54 and a debt-to-equity ratio of 0.39. MSP Recovery, Inc. has a 52-week low of $0.67 and a 52-week high of $25.75.

Institutional Investors Weigh In On MSP Recovery

A number of institutional investors and hedge funds have recently bought and sold shares of LIFW. Jane Street Group LLC bought a new position in shares of MSP Recovery in the second quarter worth approximately $27,000. Prudential Financial Inc. bought a new stake in MSP Recovery in the second quarter valued at $49,000. Nomura Holdings Inc. bought a new stake in MSP Recovery in the second quarter valued at $61,000. State Street Corp bought a new stake in MSP Recovery in the third quarter valued at $48,000. Finally, California State Teachers Retirement System bought a new stake in MSP Recovery in the third quarter valued at $67,000. 3.77% of the stock is owned by hedge funds and other institutional investors.

MSP Recovery Company Profile

(Get 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.