Insider Selling: MSP Recovery, Inc. (NASDAQ:LIFW) Major Shareholder Sells $39,376.50 in Stock

MSP Recovery, Inc. (NASDAQ:LIFW) major shareholder Cano Health, Inc. sold 52,502 shares of the stock in a transaction on Friday, March 22nd. The stock was sold at an average price of $0.75, for a total value of $39,376.50. Following the sale, the insider now directly owns 2,137,844 shares of the company’s stock, valued at $1,603,383. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 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 stock was 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 stock was sold at an average price of $0.78, for a total value of $34,557.90.
• On Wednesday, March 13th, Cano Health, Inc. sold 41,584 shares of MSP Recovery stock. The stock was sold at an average price of $0.84, for a total value of $34,930.56.
• On Monday, March 11th, Cano Health, Inc. sold 36,964 shares of MSP Recovery stock. The stock was sold at an average price of $0.94, for a total value of $34,746.16.
• On Friday, March 8th, Cano Health, Inc. sold 22,694 shares of MSP Recovery stock. The stock was sold at an average price of $0.96, for a total value 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 value 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 value of $952,512.00.
• On Friday, March 1st, Cano Health, Inc. sold 532,691 shares of MSP Recovery stock. The shares were sold at an average price of $1.04, for a total value of $553,998.64.

MSP Recovery Stock Performance

Shares of LIFW stock opened at $0.70 on Thursday. MSP Recovery, Inc. has a fifty-two week low of $0.68 and a fifty-two week high of $25.75. The business has a fifty day simple moving average of $0.86 and a 200-day simple moving average of $1.25. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.54 and a current ratio of 0.54.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of MSP Recovery by 36.1% in the third quarter. Vanguard Group Inc. now owns 6,369,728 shares of the company’s stock valued at $1,368,000 after buying an additional 1,690,836 shares in the last quarter. Palantir Technologies Inc. increased its position in MSP Recovery by 317.5% during the 3rd quarter. Palantir Technologies Inc. now owns 9,038,838 shares of the company’s stock worth $1,989,000 after purchasing an additional 6,873,651 shares in the last quarter. Pin Oak Investment Advisors Inc. purchased a new stake in MSP Recovery during the 2nd quarter worth about $149,000. Cantor Fitzgerald L. P. purchased a new stake in MSP Recovery during the 2nd quarter worth about $319,000. Finally, Marshall Wace LLP purchased a new stake in MSP Recovery during the 2nd quarter worth about $208,000. Hedge funds and other institutional investors own 3.77% 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.