MSP Recovery, Inc. (NASDAQ:MSPRZ – Get Rating) shot up 3.4% during mid-day trading on Thursday . The stock traded as high as $1.20 and last traded at $1.20. 4,411 shares traded hands during mid-day trading, a decline of 95% from the average session volume of 81,230 shares. The stock had previously closed at $1.16.

MSP Recovery Stock Up 3.4 %

The firm's 50 day moving average price is $1.34 and its 200-day moving average price is $1.35.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Pin Oak Investment Advisors Inc. purchased a new position in shares of MSP Recovery during the second quarter valued at approximately $42,000. Jane Street Group LLC purchased a new position in shares of MSP Recovery during the second quarter valued at approximately $193,000. Nomura Holdings Inc. purchased a new stake in MSP Recovery during the second quarter valued at approximately $61,000. Finally, Echo Street Capital Management LLC purchased a new stake in MSP Recovery during the second quarter valued at approximately $396,000.

MSP Recovery Company Profile

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MSP Recovery, Inc provides compliance solutions for the healthcare industry in the United States. The company offers Medicare, Medicaid, commercial, and secondary payer reimbursement recovery services. Its data analytics platform identifies and uncovers historical waste and helps to support the long-term sustainability of Medicare and Medicaid programs, as well as recovers monies owed to hospitals, health insurance companies, and medical providers.

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