Tower Research Capital LLC TRC Sells 36,792 Shares of MSP Recovery, Inc. (NASDAQ:LIFW)

Tower Research Capital LLC TRC reduced its position in MSP Recovery, Inc. (NASDAQ:LIFW) by 73.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm 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. raised its stake in shares of MSP Recovery by 317.5% in the 3rd quarter. Palantir Technologies Inc. now owns 9,038,838 shares of the company’s stock valued at $1,989,000 after buying an additional 6,873,651 shares in the last quarter. Hedge funds and other institutional investors own 3.77% of the company’s stock.

MSP Recovery Stock Down 2.7 %

Shares of NASDAQ:LIFW traded down $0.03 during midday trading on Friday, reaching $0.90. 351,300 shares of the company’s stock were exchanged, compared to its average volume of 2,572,155. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.47 and a quick ratio of 0.47. The company’s 50 day simple moving average is $1.07 and its two-hundred day simple moving average is $0.94. MSP Recovery, Inc. has a 12 month low of $0.65 and a 12 month high of $17.48.

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

Insider Transactions at MSP Recovery

In related news, major shareholder Cano Health, Inc. sold 52,502 shares of the business’s 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 owns 2,137,844 shares of the company’s stock, valued at approximately $1,603,383. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other news, CEO John Hasan Ruiz bought 438,596 shares of the company’s stock in a transaction that occurred on Monday, March 4th. The stock was acquired at an average price of $1.14 per share, for a total transaction of $499,999.44. Following the transaction, the chief executive officer now directly owns 912,786 shares of the company’s stock, valued at approximately $1,040,576.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, 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 transaction of $39,376.50. Following the transaction, the insider now directly owns 2,137,844 shares of the company’s stock, valued at $1,603,383. The disclosure for this sale can be found here. In the last ninety days, insiders sold 2,391,203 shares of company stock valued at $2,411,952. Corporate 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.