Tower Research Capital LLC TRC Decreases Stock Position in MSP Recovery, Inc. (NASDAQ:LIFW)

Tower Research Capital LLC TRC lessened its stake in MSP Recovery, Inc. (NASDAQ:LIFW) by 73.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 13,574 shares of the company’s stock after selling 36,792 shares during the period. Tower Research Capital LLC TRC’s holdings in MSP Recovery were worth $31,000 as of its most recent SEC filing.

Separately, Palantir Technologies Inc. lifted its position in MSP Recovery by 317.5% in the third quarter. Palantir Technologies Inc. now owns 9,038,838 shares of the company’s stock valued at $1,989,000 after purchasing an additional 6,873,651 shares during the last quarter. Institutional investors and hedge funds own 3.77% of the company’s stock.

MSP Recovery Stock Performance

Shares of MSP Recovery stock traded down $0.03 on Friday, hitting $0.90. The stock had a trading volume of 351,300 shares, compared to its average volume of 2,572,155. The company has a quick ratio of 0.47, a current ratio of 0.47 and a debt-to-equity ratio of 0.48. MSP Recovery, Inc. has a one year low of $0.65 and a one year high of $17.48. The stock’s 50-day simple moving average is $1.07 and its two-hundred day simple moving average is $0.94.

MSP Recovery (NASDAQ:LIFW) last issued its 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 for the quarter. MSP Recovery had a negative return on equity of 12.92% and a negative net margin of 731.32%.

Insider Activity

In related news, major shareholder Cano Health, Inc. sold 80,757 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The shares were sold at an average price of $0.76, for a total value of $61,375.32. Following the completion of the transaction, the insider now owns 5,393,885 shares of the company’s stock, valued at $4,099,352.60. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, CEO John Hasan Ruiz acquired 438,596 shares of the business’s stock in a transaction dated Monday, March 4th. The shares were purchased at an average price of $1.14 per share, with a total value of $499,999.44. Following the transaction, the chief executive officer now directly owns 912,786 shares in the company, valued at $1,040,576.04. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, major shareholder Cano Health, Inc. sold 80,757 shares of the business’s stock in a transaction that occurred on Wednesday, February 7th. The stock was sold at an average price of $0.76, for a total transaction of $61,375.32. Following the transaction, the insider now owns 5,393,885 shares of the company’s stock, valued at approximately $4,099,352.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,391,203 shares of company stock worth $2,411,952. Corporate insiders own 19.40% of the company’s stock.

MSP Recovery 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.