MSP Recovery (NASDAQ:MSPR) Shares Gap Up to $1.03

MSP Recovery, Inc. (NASDAQ:MSPRGet Rating)’s stock price gapped up prior to trading on Monday . The stock had previously closed at $1.03, but opened at $1.15. MSP Recovery shares last traded at $1.19, with a volume of 2,881 shares.

Analyst Upgrades and Downgrades

Separately, Cantor Fitzgerald started coverage on shares of MSP Recovery in a research note on Thursday, September 29th. They issued an “overweight” rating for the company.

MSP Recovery Stock Down 1.0 %

The business has a 50 day moving average price of $1.18. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.06.

Insider Buying and Selling

In other MSP Recovery news, COO Ricardo Rivera acquired 21,000 shares of the stock in a transaction that occurred on Tuesday, September 13th. The stock was bought at an average cost of $1.39 per share, with a total value of $29,190.00. Following the completion of the purchase, the chief operating officer now directly owns 36,691 shares in the company, valued at $51,000.49. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 19.40% of the stock is owned by insiders.

Institutional Trading of MSP Recovery

Hedge funds have recently modified their holdings of the company. Jane Street Group LLC purchased a new stake in shares of MSP Recovery during the second quarter valued at about $27,000. State Street Corp acquired a new position in shares of MSP Recovery during the third quarter valued at about $48,000. Prudential Financial Inc. acquired a new position in shares of MSP Recovery during the second quarter valued at about $49,000. California State Teachers Retirement System acquired a new position in shares of MSP Recovery during the third quarter valued at about $67,000. Finally, Wealthsource Partners LLC acquired a new position in shares of MSP Recovery during the second quarter valued at about $78,000.

About MSP Recovery

(Get Rating)

MSP Recovery, Inc 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. It also provides Chase to pay service to assist its healthcare provider clients to identify in the first instance the proper primary insurer at the point of care and thereby avoid making a wrongful payment; and LifeWallet, a platform designed to locate and organize users' medical records.

Further Reading

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