MSP Recovery (NASDAQ:LIFW) Trading Down 3.6%

MSP Recovery, Inc. (NASDAQ:LIFW) fell 3.6% during mid-day trading on Wednesday . The company traded as low as $0.52 and last traded at $0.52. 270,039 shares were traded during trading, an increase of 16% from the average session volume of 232,669 shares. The stock had previously closed at $0.54.

MSP Recovery Trading Down 3.6 %

The business’s 50 day moving average price is $0.68 and its 200-day moving average price is $0.85. The company has a current ratio of 0.23, a quick ratio of 0.23 and a debt-to-equity ratio of 0.57. The company has a market cap of $73.62 million, a price-to-earnings ratio of -0.08 and a beta of -2.26.

MSP Recovery (NASDAQ:LIFW) last issued its quarterly earnings data on Wednesday, May 15th. The company reported ($0.57) earnings per share for the quarter. MSP Recovery had a negative return on equity of 3.70% and a negative net margin of 724.07%. The business had revenue of $6.00 million during the quarter.

Insiders Place Their Bets

In other MSP Recovery news, major shareholder Cano Health, Inc. sold 52,502 shares of MSP Recovery stock in a transaction dated Friday, March 22nd. The shares were sold at an average price of $0.75, for a total value of $39,376.50. Following the completion of the sale, the insider now owns 2,137,844 shares in the company, valued at approximately $1,603,383. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 101,037 shares of company stock worth $74,295 in the last quarter. 19.40% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On MSP Recovery

An institutional investor recently raised its position in MSP Recovery stock. Palantir Technologies Inc. raised its position in MSP Recovery, Inc. (NASDAQ:LIFW) by 317.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 9,038,838 shares of the company’s stock after buying an additional 6,873,651 shares during the quarter. MSP Recovery comprises about 20.5% of Palantir Technologies Inc.’s portfolio, making the stock its 3rd largest position. Palantir Technologies Inc. owned about 6.57% of MSP Recovery worth $1,989,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 3.77% of the company’s stock.

MSP Recovery Company Profile

MSP Recovery, Inc, doing business as LifeWallet, operates as a healthcare recovery 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.