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

Tower Research Capital LLC TRC lessened its holdings 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 (SEC). The fund 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 reporting period.

Separately, Palantir Technologies Inc. grew its holdings 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 acquiring an additional 6,873,651 shares during the last quarter. 3.77% of the stock is owned by institutional investors and hedge funds.

MSP Recovery Trading Down 2.7 %

Shares of LIFW stock traded down $0.03 during trading hours on Friday, hitting $0.90. 351,300 shares of the company’s stock traded hands, compared to its average volume of 2,572,155. The stock’s 50 day simple moving average is $1.07 and its 200 day simple moving average is $0.94. The company has a debt-to-equity ratio of 0.48, a current ratio of 0.47 and a quick ratio of 0.47. MSP Recovery, Inc. has a 12 month low of $0.65 and a 12 month high of $17.48.

MSP Recovery (NASDAQ:LIFW) last announced its earnings results on Monday, April 15th. The company reported ($1.91) earnings per share (EPS) for the quarter. The company 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 Transactions at MSP Recovery

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

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.