MSP Recovery, Inc. (NASDAQ:LIFW) Major Shareholder Cano Health, Inc. Sells 24,935 Shares

MSP Recovery, Inc. (NASDAQ:LIFW) major shareholder Cano Health, Inc. sold 24,935 shares of the business’s stock in a transaction that occurred on Wednesday, March 27th. The shares were sold at an average price of $0.70, for a total value of $17,454.50. Following the transaction, the insider now owns 2,069,309 shares of the company’s stock, valued at approximately $1,448,516.30. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Major shareholders that own at least 10% of a company’s shares 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 shares were sold at an average price of $0.74, for a total value of $17,464.00.
• On Friday, March 22nd, Cano Health, Inc. sold 52,502 shares of MSP Recovery stock. The shares were sold at an average price of $0.75, for a total value of $39,376.50.
• 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 shares were 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.

MSP Recovery Stock Performance

NASDAQ LIFW traded down $0.02 on Friday, reaching $0.69. The stock had a trading volume of 359,600 shares, compared to its average volume of 892,620. The business has a 50 day moving average price of $0.85 and a 200 day moving average price of $1.23. The company has a debt-to-equity ratio of 0.39, a quick ratio of 0.54 and a current ratio of 0.54. MSP Recovery, Inc. has a 1 year low of $0.67 and a 1 year high of $25.75.

Institutional Trading of MSP Recovery

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Prudential Financial Inc. acquired a new position in shares of MSP Recovery during the 2nd quarter worth about $49,000. Jane Street Group LLC acquired a new position in shares of MSP Recovery during the 2nd quarter worth about $193,000. Nomura Holdings Inc. acquired a new position in shares of MSP Recovery during the 2nd quarter worth about $377,000. Royal Bank of Canada acquired a new position in shares of MSP Recovery during the 3rd quarter worth about $120,000. Finally, BlackRock Inc. acquired a new position in shares of MSP Recovery during the 3rd quarter worth about $112,000. Institutional investors and hedge funds own 3.77% 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.