MSP Recovery (NASDAQ:LIFW) Posts Quarterly Earnings Results, Misses Expectations By $69.06 EPS

MSP Recovery (NASDAQ:LIFW) announced its earnings results on Tuesday. The company reported ($1.06) EPS for the quarter, missing the consensus estimate of $68.00 by ($69.06), MarketWatch Earnings reports. MSP Recovery had a negative return on equity of 15.83% and a negative net margin of 29.08%.

MSP Recovery Trading Up 1.3 %

Shares of LIFW stock opened at $6.92 on Thursday. The stock’s fifty day moving average is $3.49 and its 200-day moving average is $3.81. The company has a debt-to-equity ratio of 0.34, a quick ratio of 0.29 and a current ratio of 0.29. MSP Recovery has a 52 week low of $1.05 and a 52 week high of $43.50.

Insider Activity

In other news, insider Frank Carlos Quesada purchased 274,725 shares of the business’s stock in a transaction dated Friday, September 29th. The shares were acquired at an average price of $5.50 per share, with a total value of $1,510,987.50. Following the completion of the purchase, the insider now directly owns 280,281 shares of the company’s stock, valued at approximately $1,541,545.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Frank Carlos Quesada purchased 274,725 shares of the business’s stock in a transaction dated Friday, September 29th. The shares were acquired at an average price of $5.50 per share, with a total value of $1,510,987.50. Following the completion of the purchase, the insider now directly owns 280,281 shares of the company’s stock, valued at approximately $1,541,545.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John Hasan Ruiz purchased 467,290 shares of the business’s stock in a transaction dated Thursday, October 26th. The shares were purchased at an average cost of $1.07 per share, for a total transaction of $500,000.30. Following the purchase, the chief executive officer now directly owns 474,190 shares of the company’s stock, valued at $507,383.30. The disclosure for this purchase can be found here. 19.40% of the stock is currently owned by insiders.

Hedge Funds Weigh In On MSP Recovery

Several hedge funds have recently added to or reduced their stakes in LIFW. Jane Street Group LLC acquired a new position in MSP Recovery in the second quarter valued at about $193,000. Nomura Holdings Inc. acquired a new position in MSP Recovery in the second quarter valued at about $61,000. SkyView Investment Advisors LLC acquired a new position in MSP Recovery in the first quarter valued at about $52,000. PNC Financial Services Group Inc. acquired a new position in MSP Recovery in the second quarter valued at about $76,000. Finally, Geode Capital Management LLC acquired a new position in MSP Recovery in the second quarter valued at about $78,000. Institutional investors and hedge funds own 6.15% of the company’s stock.

About MSP Recovery

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.