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EdgarHawk

Ruiz John Hasan

Chief Executive Officer

Director Officer 10% Owner
6 filings analyzed · 1 company · Latest 2024-08-28

Companies

Company Buys Sells Direction
MSP Recovery, Inc. MSPR 6 0 Net buying

Activity

August 2024
2024-08-28 MSP Recovery, Inc. MSPR
medium
Buy
50,000 shares
$12,115
Significance 4/10

CEO Ruiz John Hasan buys 50,000 shares of LIFW at $0.24; stock down 97.6% from 52-week high of $241.25

Chief Executive Officer Ruiz John Hasan purchased 50,000 shares at $0.24 on 2024-08-28, bringing his total holdings to 1,791,406 shares. This represents the fifth consecutive day of open-market purchases by the insider, following buys on 2024-08-22, 2024-08-21, 2024-08-20, and 2024-08-19. The stock is trading at $5.88, down 97.6% from its 52-week high of $241.25 and down 41.0% over the prior 30 days, with the company posting a net loss of $25,136,000 in its most recent fiscal year. The rapid succession of buys at depressed prices during a severe drawdown merits investor attention to understand the CEO's rationale and the company's operational path forward.

2024-08-22 MSP Recovery, Inc. MSPR
high
Buy
360,620 shares
$100,000
Significance 7/10

CEO John Hasan Ruiz bought 360,620 shares at $0.28 on 2024-08-22; stock now down 97.4% from 52-week high, yet CEO accumulated 360.6K shares in 4 consecutive days

John Hasan Ruiz (Chief Executive Officer) purchased 360,620 shares at $0.28 on 2024-08-22, bringing his holdings to 1,741,406 shares post-transaction, a +26.1% increase. This buy occurred against a backdrop of severe price deterioration: the stock trades at $6.36, down 97.4% from its 52-week high of $241.25, with a 30-day decline of -38.4% and 90-day decline of -63.6%. Notably, Ruiz executed four consecutive buy orders over August 16–22 at this ticker, all near the stock's trough, though the outcomes of these recent purchases are not yet measurable. The company is unprofitable, reporting net income of $-25,136,000.00 on a market cap of $420,667,247.64, suggesting the CEO is accumulating shares into a fundamentally challenged business during an extreme drawdown period. His cross-ticker track record shows strong historical returns (6 prior buys, avg 90d return +2086.2%, 100% win rate), but those outcomes cannot be assumed to apply to his concentrated accumulation at LIFW at penny prices in a deeply distressed environment.

2024-08-21 MSP Recovery, Inc. MSPR
high
Buy
100,000 shares
$27,660
Significance 7/10

CEO Ruiz buys 100,000 LIFW shares at $0.28 on 2024-08-21; stock at $6.58 now (-97.3% from $241.25 high)

Chief Executive Officer John Hasan Ruiz purchased 100,000 shares (100.0K shares) at $0.28 on 2024-08-21, increasing his holdings by 7.8% to 1,380,786 shares (1.38M shares), at a time when the stock trades -97.3% below its 52-week high of $241.25 and has declined -48.1% over the prior 30 days. His prior two purchases at this ticker (2024-03-04 and 2023-10-26) each delivered gains exceeding 1,400% at the 90-day mark, suggesting a pattern of well-timed entry points at LIFW. However, the company is unprofitable with net income of $-25,136,000.00 ($-25.1M), and the most recent three buy transactions (2024-08-16, 2024-08-19, 2024-08-20) remain too recent to assess outcomes; the timing signal that has worked previously at this ticker is not yet measurable in the current transaction window. The dramatic gap between the historical 52-week high and current price warrants examination of what operational or market conditions have shifted since those prior successful trades.

2024-08-20 MSP Recovery, Inc. MSPR
high
Buy
100,000 shares
$25,470
Significance 8/10

CEO John Hasan Ruiz purchases 100,000 shares of LIFW at $0.25; stock down 97.4% from 52-week high and 50.2% in 30 days

CEO John Hasan Ruiz purchased 100,000 shares on 2024-08-20 at $0.25, bringing total holdings to 1,280,786 shares (1.28M shares). The stock is trading at $6.22, down 97.4% from its 52-week high of $241.25 and has declined 50.2% over the past 30 days and 65.1% over 90 days. His prior purchases at LIFW show a strong pattern of well-timed entry points: the 2024-03-04 buy returned +2268.4% at 30 days and +1468.6% at 90 days; the 2023-10-26 buy returned +10460.8% at 30 days and +2703.7% at 90 days. However, the company remains unprofitable with a net income of $-25,136,000.00 (full-year), creating tension between the insider's demonstrated execution in this stock and underlying operational weakness. The recency of this purchase and two earlier buys (2024-08-19 and 2024-08-16) during an extended selloff suggest accumulation activity, though the fundamental loss position warrants scrutiny of the company's path to profitability.

2024-08-19 MSP Recovery, Inc. MSPR
high
Buy
100,000 shares
$25,020
Significance 6/10

CEO John Hasan Ruiz bought 100,000 shares at $0.25 (stock now $6.27, -97.4% from 52-week high)

CEO John Hasan Ruiz purchased 100,000 shares at $0.25, expanding his position by 9.3% to 1,180,786 shares. This buy occurred during severe price deterioration: the stock has fallen -49.8% over the past 30 days and -65.2% over the past 90 days, now trading at $6.27—a stark -97.4% decline from its $241.25 52-week peak. Notably, Ruiz's prior two same-ticker buys at LIFW (on 2024-03-04 and 2023-10-26) were well-timed at the 90-day mark, with 90d returns of +1468.6% and +2703.7% respectively. However, the company remains unprofitable with net income of $-25,136,000.00 over its most recent full fiscal year, providing limited fundamental cushion. The timing of this purchase against the severe recent sell-off, combined with his historical execution at this ticker, merits scrutiny for pattern investors, though the current loss from 52-week high and ongoing losses raise material uncertainties about the recovery thesis.

2024-08-16 MSP Recovery, Inc. MSPR
high
Buy
168,000 shares
$42,420
Significance 7/10

CEO John Hasan Ruiz bought 168,000 shares at $0.25; stock down 97.6% from 52-week high of $241.25

CEO John Hasan Ruiz purchased 168,000 shares at $0.25 on 2024-08-16, increasing his holdings by 18.4% to 1.08M shares total. This buy occurs against severe price deterioration: the stock trades at $5.88, representing a -97.6% decline from its 52-week high of $241.25, with a -47.7% 30-day decline and -69.3% 90-day decline. Ruiz's prior two open-market buys at this ticker exhibited strong 90-day outcomes (30d +2268.4%, 90d +1468.6% on 2024-03-04 and 30d +10460.8%, 90d +2703.7% on 2023-10-26), and his cross-ticker track record shows 2 prior buys with a 100% 90-day win rate and average 90d return of +2086.2%. However, the company reported a full-year net income of $-25,136,000 and is unprofitable, creating a significant disconnect between insider purchase history and fundamental distress. The magnitude of the price decline, combined with persistent unprofitability, warrants scrutiny of whether prior purchase timing reflected skill or market tailwinds—and whether current market conditions differ materially from those preceding prior buy decisions.

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