Pin Oak Investment Advisors Inc. lessened its stake in MSP Recovery, Inc. (NASDAQ:LIFW – Free Report) by 92.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 48,654 shares of the company’s stock after selling 569,039 shares during the quarter. Pin Oak Investment Advisors Inc.’s holdings in MSP Recovery were worth $110,000 at the end of the most recent reporting period.
Separately, Palantir Technologies Inc. lifted its holdings in shares of 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 in the last quarter. 3.77% of the stock is currently owned by institutional investors and hedge funds.
Insider Buying and Selling
In related news, major shareholder Cano Health, Inc. sold 44,305 shares of MSP Recovery stock in a transaction on Friday, March 15th. The stock was sold at an average price of $0.78, for a total transaction of $34,557.90. Following the sale, the insider now directly owns 2,350,297 shares in the company, valued at $1,833,231.66. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Over the last three months, insiders have sold 275,109 shares of company stock worth $212,061. 19.40% of the stock is owned by company insiders.
MSP Recovery Stock Performance
MSP Recovery (NASDAQ:LIFW – Get Free Report) last issued its quarterly earnings results on Wednesday, May 15th. The company reported ($0.57) EPS for the quarter. The business had revenue of $6.00 million for the quarter. MSP Recovery had a negative return on equity of 3.70% and a negative net margin of 724.07%.
MSP Recovery Profile
MSP Recovery, Inc, doing business as LifeWallet, operates as a healthcare recovery 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.
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