Insider Selling: Burford Capital Limited (NYSE:BUR) CIO Sells 210,000 Shares of Stock

Burford Capital Limited (NYSE:BUR - Get Free Report) CIO Jonathan Todd Molot sold 210,000 shares of the firm's stock in a transaction dated Wednesday, July 9th. The shares were sold at an average price of $14.60, for a total transaction of $3,066,000.00. Following the completion of the transaction, the executive directly owned 3,406,625 shares in the company, valued at $49,736,725. This represents a 5.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link.

Burford Capital Price Performance

Shares of Burford Capital stock traded up $0.19 on Monday, hitting $14.37. 1,855,912 shares of the company were exchanged, compared to its average volume of 1,045,117. The company has a quick ratio of 13.27, a current ratio of 13.27 and a debt-to-equity ratio of 0.56. The company has a 50-day moving average price of $13.13 and a 200 day moving average price of $13.54. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 15.45 and a beta of 0.67. Burford Capital Limited has a 1-year low of $10.70 and a 1-year high of $15.73.

Burford Capital (NYSE:BUR - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.16). The company had revenue of $118.86 million for the quarter, compared to analysts' expectations of $157.00 million. Burford Capital had a return on equity of 6.41% and a net margin of 33.41%. As a group, sell-side analysts predict that Burford Capital Limited will post 1.28 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Burford Capital

Hedge funds have recently modified their holdings of the company. Contrarian Capital Management L.L.C. acquired a new position in shares of Burford Capital in the 1st quarter valued at $32,586,000. Cooke & Bieler LP purchased a new stake in Burford Capital in the 1st quarter valued at about $24,761,000. Breach Inlet Capital Management LLC acquired a new position in Burford Capital in the fourth quarter valued at about $12,147,000. Barrow Hanley Mewhinney & Strauss LLC boosted its stake in Burford Capital by 22.8% during the fourth quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,727,735 shares of the company's stock worth $47,529,000 after buying an additional 691,269 shares during the period. Finally, Orbis Allan Gray Ltd increased its position in shares of Burford Capital by 10.3% during the first quarter. Orbis Allan Gray Ltd now owns 7,235,504 shares of the company's stock valued at $95,581,000 after acquiring an additional 677,271 shares during the last quarter.

Analyst Upgrades and Downgrades

Separately, Wedbush upgraded shares of Burford Capital to an "outperform" rating and set a $18.00 target price for the company in a research report on Wednesday, June 11th.

About Burford Capital

Burford Capital Limited provides legal finance products and services worldwide. The company operates through two segments, Capital Provision, and Asset Management and Other Provision. The Capital Provision segment provides capital to the legal industry or in connection with legal matters directly and through investment in private funds; legal risk management services; lower risk legal finance business focusing on pre-settlement litigation matters with lower risk and lower expected returns; post-settlement finance; and complex strategies in which it acts as a principal and acquires assets that are mispriced.