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

Burford Capital Limited (NYSE:BUR - Get Free Report) CEO Christopher P. Bogart sold 210,000 shares of the company's stock in a transaction 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 completion of the transaction, the chief executive officer directly owned 278,862 shares in the company, valued at approximately $4,071,385.20. The trade was a 42.96% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link.

Burford Capital Price Performance

NYSE:BUR traded down $0.42 during midday trading on Friday, hitting $14.17. The company had a trading volume of 1,191,103 shares, compared to its average volume of 1,041,857. Burford Capital Limited has a 52-week low of $10.70 and a 52-week high of $15.73. The stock's fifty day moving average price is $13.13 and its 200-day moving average price is $13.52. The company has a market capitalization of $3.10 billion, a PE ratio of 15.24 and a beta of 0.67. The company has a quick ratio of 13.27, a current ratio of 13.27 and a debt-to-equity ratio of 0.56.

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

Wall Street Analysts Forecast Growth

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.

Institutional Trading of Burford Capital

Several hedge funds have recently added to or reduced their stakes in BUR. Ridgewood Investments LLC bought a new position in shares of Burford Capital during the first quarter valued at about $26,000. Strs Ohio bought a new position in shares of Burford Capital during the first quarter valued at about $55,000. Sterling Capital Management LLC raised its stake in shares of Burford Capital by 820.4% during the fourth quarter. Sterling Capital Management LLC now owns 6,314 shares of the company's stock valued at $81,000 after acquiring an additional 5,628 shares during the last quarter. Sunbelt Securities Inc. raised its stake in shares of Burford Capital by 109.3% during the fourth quarter. Sunbelt Securities Inc. now owns 9,000 shares of the company's stock valued at $114,000 after acquiring an additional 4,700 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new position in shares of Burford Capital during the fourth quarter valued at about $132,000.

Burford Capital Company Profile

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.