MSP Recovery, Inc. (NASDAQ:LIFW) Shares Sold by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC decreased its holdings in MSP Recovery, Inc. (NASDAQ:LIFW) by 73.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 13,574 shares of the company’s stock after selling 36,792 shares during the quarter. Tower Research Capital LLC TRC’s holdings in MSP Recovery were worth $31,000 at the end of the most recent quarter.

Separately, Palantir Technologies Inc. increased 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 purchasing an additional 6,873,651 shares during the period. 3.77% of the stock is owned by institutional investors.

MSP Recovery Stock Performance

Shares of NASDAQ:LIFW traded down $0.03 on Friday, reaching $0.90. The company’s stock had a trading volume of 351,300 shares, compared to its average volume of 2,572,155. MSP Recovery, Inc. has a 52-week low of $0.65 and a 52-week high of $17.48. The stock’s 50-day moving average is $1.07 and its two-hundred day moving average is $0.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.47 and a quick ratio of 0.47.

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

Insider Activity

In related news, major shareholder Cano Health, Inc. sold 774,400 shares of the stock in a transaction on Monday, March 4th. The stock was sold at an average price of $1.23, for a total transaction of $952,512.00. Following the completion of the sale, the insider now directly owns 3,338,727 shares of the company’s stock, valued at $4,106,634.21. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other MSP Recovery news, CEO John Hasan Ruiz purchased 438,596 shares of MSP Recovery stock in a transaction dated Monday, March 4th. The stock was acquired at an average cost of $1.14 per share, with a total value of $499,999.44. Following the acquisition, the chief executive officer now directly owns 912,786 shares of the company’s stock, valued at $1,040,576.04. The purchase was disclosed in a filing with the SEC, which is available through the SEC website. Also, major shareholder Cano Health, Inc. sold 774,400 shares of the company’s stock in a transaction dated Monday, March 4th. The stock was sold at an average price of $1.23, for a total transaction of $952,512.00. Following the transaction, the insider now owns 3,338,727 shares in the company, valued at $4,106,634.21. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,391,203 shares of company stock valued at $2,411,952. Company insiders own 19.40% 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.