Christopher P. Bogart Sells 210,000 Shares of Burford Capital Limited (NYSE:BUR) Stock

Burford Capital Limited (NYSE:BUR - Get Free Report) CEO Christopher P. Bogart sold 210,000 shares of the stock in a transaction that occurred on Wednesday, July 9th. The stock was sold at an average price of $14.60, for a total transaction of $3,066,000.00. Following the sale, the chief executive officer owned 278,862 shares in the company, valued at approximately $4,071,385.20. This trade represents a 42.96% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.

Burford Capital Stock Up 1.3%

Shares of BUR stock traded up $0.19 during trading hours on Monday, reaching $14.37. 1,855,912 shares of the stock were exchanged, compared to its average volume of 1,045,117. The business's fifty day moving average is $13.13 and its two-hundred day moving average is $13.54. The firm has a market capitalization of $3.14 billion, a P/E ratio of 15.45 and a beta of 0.67. Burford Capital Limited has a 12-month low of $10.70 and a 12-month high of $15.73. The company has a debt-to-equity ratio of 0.56, a current ratio of 13.27 and a quick ratio of 13.27.

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

Hedge Funds Weigh In On Burford Capital

A number of institutional investors and hedge funds have recently modified their holdings of the company. Ridgewood Investments LLC acquired a new stake in Burford Capital in the first quarter valued at $26,000. Strs Ohio purchased a new position in Burford Capital in the first quarter valued at approximately $55,000. Sterling Capital Management LLC increased its stake in Burford Capital by 820.4% in the fourth quarter. Sterling Capital Management LLC now owns 6,314 shares of the company's stock valued at $81,000 after purchasing an additional 5,628 shares during the last quarter. Sunbelt Securities Inc. raised its holdings in Burford Capital by 109.3% during the fourth quarter. Sunbelt Securities Inc. now owns 9,000 shares of the company's stock worth $114,000 after purchasing an additional 4,700 shares in the last quarter. Finally, Quantinno Capital Management LP purchased a new stake in shares of Burford Capital during the 4th quarter worth approximately $132,000.

Analyst Ratings Changes

Separately, Wedbush raised Burford Capital to an "outperform" rating and set a $18.00 target price for the company in a research note 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.