Followers | 80 |
Posts | 5257 |
Boards Moderated | 0 |
Alias Born | 11/18/2013 |
Thursday, November 16, 2023 9:42:09 AM
Or he just 10×d on his recent purchase of 467k shares, made a few million and sold out... That wouldn't surprise either.... drive the price down rinse and repeat lol
CEO and 10% Owner John Ruiz Buys 467,290 Shares of MSP Recovery Inc (LIFW)
GuruFocus Research
October 27, 2023, 8:02 am
On October 26, 2023, John Ruiz, CEO and 10% owner of MSP Recovery Inc (NASDAQ:LIFW), purchased 467,290 shares of the company. This move is significant as insider buying can often be an indicator of a company's future performance.
Who is John Ruiz?
Warning! GuruFocus has detected 4 Warning Signs with LIFW.
John Ruiz is the CEO and a 10% owner of MSP Recovery Inc. He has a long history in the healthcare industry and has been instrumental in the growth and success of MSP Recovery. His leadership and strategic vision have been key factors in the company's success.
About MSP Recovery Inc
MSP Recovery Inc is a leading provider of healthcare recovery services. The company specializes in the identification, recovery, and management of healthcare claims. MSP Recovery's innovative approach and proprietary technology have made it a leader in its field.
Insider Buying
Insider buying refers to when a company's executives, directors, or other insiders purchase shares of their own company's stock. This is often seen as a positive sign, as it indicates that the insiders believe in the company's future and are willing to invest their own money in it.
Over the past year, the insider has purchased a total of 499,245 shares and sold 0 shares. This recent purchase of 467,290 shares is a significant addition to the insider's holdings.
?
CEO and 10% Owner John Ruiz Buys 467,290 Shares of MSP Recovery Inc (LIFW)
The insider transaction history for MSP Recovery Inc shows a total of 4 insider buys over the past year, with no insider sells. This trend suggests a positive outlook from the company's insiders.
Valuation
On the day of the insider's recent buy, shares of MSP Recovery Inc were trading for $1.07 each. This gives the stock a market cap of $19.43 million. While this is a relatively small market cap, the insider's significant purchase could indicate a belief in the company's potential for growth.
In conclusion, the insider's recent purchase of 467,290 shares of MSP Recovery Inc is a significant move. With a history of insider buying and no insider sells over the past year, this could be a positive sign for the company's future performance.
This article, generated by GuruFocus, is designed to provide general insights and is not tailored financial advice. Our commentary is rooted in historical data and analyst projections, utilizing an impartial methodology, and is not intended to serve as specific investment guidance. It does not formulate a recommendation to purchase or divest any stock and does not consider individual investment objectives or financial circumstances. Our objective is to deliver long-term, fundamental data-driven analysis. Be aware that our analysis might not incorporate the most recent, price-sensitive company announcements or qualitative information. GuruFocus holds no position in the stocks mentioned herein.
Recent LIFW News
- LifeWallet Announces First Quarter 2024 Financial Results • GlobeNewswire Inc. • 05/15/2024 11:45:52 PM
- LifeWallet Announces a Comprehensive Settlement with a Group of Affiliated Property & Casualty Insurers • GlobeNewswire Inc. • 04/19/2024 12:42:58 AM
- LifeWallet Announces a Comprehensive Settlement with 10 Affiliated Property & Casualty Insurers, Doing Business in 15 States • GlobeNewswire Inc. • 04/18/2024 10:06:38 PM
- LifeWallet Announces Fiscal Year and Fourth Quarter 2023 Financial Results • GlobeNewswire Inc. • 04/15/2024 10:55:43 AM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 03/04/2024 10:29:20 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 03/04/2024 01:52:22 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 03/04/2024 01:49:16 PM
- Form 8-K/A - Current report: [Amend] • Edgar (US Regulatory) • 03/04/2024 01:23:41 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 03/04/2024 12:19:29 PM
- LifeWallet Announces a Comprehensive Settlement with 28 Affiliated Property and Casualty Insurers, Benefiting LifeWallet’s Medicare Clients Across the U.S. • GlobeNewswire Inc. • 03/04/2024 02:47:11 AM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 02/09/2024 09:06:34 PM
- Form EFFECT - Notice of Effectiveness • Edgar (US Regulatory) • 02/08/2024 05:15:05 AM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 02/07/2024 09:02:21 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 12/21/2023 09:05:41 PM
- Form S-1/A - General form for registration of securities under the Securities Act of 1933: [Amend] • Edgar (US Regulatory) • 12/08/2023 09:01:20 PM
- Form 424B3 - Prospectus [Rule 424(b)(3)] • Edgar (US Regulatory) • 11/15/2023 09:02:19 PM
- LifeWallet Announces Third Quarter 2023 Financial Results • GlobeNewswire Inc. • 11/15/2023 12:50:00 AM
- Form 8-K - Current report • Edgar (US Regulatory) • 11/02/2023 08:01:10 PM
- LifeWallet Announces It Is In Compliance with All Applicable Nasdaq Listing Standards • GlobeNewswire Inc. • 10/30/2023 01:29:00 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/27/2023 08:01:08 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/26/2023 02:07:52 PM
- Form 8-K - Current report • Edgar (US Regulatory) • 10/16/2023 08:59:19 PM
- LifeWallet Announces Reverse Stock Split to Regain Compliance with Nasdaq’s Minimum Bid Price Requirement • GlobeNewswire Inc. • 10/03/2023 08:16:59 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 10/02/2023 09:04:11 PM
- Form DEF 14A - Other definitive proxy statements • Edgar (US Regulatory) • 09/22/2023 08:01:03 PM
ILUS Provides an Update on the Binding Term Sheet Signed with Actelis Networks (NASDAQ: ASNS) • ILUS • May 31, 2024 12:52 PM
Element79 Gold To Provide Summary and Update on Active Exploration Program, Community Relations at RMEC on June 4 • ELEM • May 30, 2024 1:18 PM
Branded Legacy Secures Exclusive Extraction Partnership with One of the World's Largest Kava Distributors and Producers • BLEG • May 30, 2024 8:30 AM
ECGI Holdings, Inc. Announces $2 Million Debt-to-Equity Conversion • ECGI • May 30, 2024 8:30 AM
North Bay Resources Reports Assays up to >25% Mg, 0.1% Ni, 0.1% Cu, 0.01% Co, 0.3 ppm Pt at Tulameen Platinum Project, British Columbia • NBRI • May 29, 2024 9:03 AM
One World Products, Inc. Issues Shareholder Update • OWPC • May 29, 2024 8:20 AM