Burford Capital Limited (NYSE:BUR - Get Free Report) insider David Perla sold 7,000 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 $102,200.00. Following the completion of the transaction, the insider owned 80,172 shares of the company's stock, valued at $1,170,511.20. This trade represents a 8.03% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website.
Burford Capital Stock Up 1.3%
BUR stock traded up $0.19 during midday trading on Monday, hitting $14.37. The stock had a trading volume of 1,855,912 shares, compared to its average volume of 1,045,117. The business has a 50-day moving average of $13.13 and a two-hundred day moving average of $13.54. The company has a debt-to-equity ratio of 0.56, a current ratio of 13.27 and a quick ratio of 13.27. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 15.45 and a beta of 0.67. Burford Capital Limited has a 52-week low of $10.70 and a 52-week high of $15.73.
Burford Capital (NYSE:BUR - Get Free Report) last announced its earnings results on Wednesday, May 7th. The company reported $0.14 EPS for the quarter, missing analysts' consensus estimates of $0.30 by ($0.16). The business had revenue of $118.86 million for the quarter, compared to the consensus estimate of $157.00 million. Burford Capital had a net margin of 33.41% and a return on equity of 6.41%. As a group, equities research analysts forecast that Burford Capital Limited will post 1.28 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Burford Capital
Several hedge funds have recently bought and sold shares of BUR. Ridgewood Investments LLC bought a new position in shares of Burford Capital during the first quarter valued at approximately $26,000. Strs Ohio purchased a new stake in shares of Burford Capital in the 1st quarter worth approximately $55,000. Sterling Capital Management LLC increased its position in Burford Capital by 820.4% during the 4th quarter. Sterling Capital Management LLC now owns 6,314 shares of the company's stock valued at $81,000 after buying an additional 5,628 shares in the last quarter. Sunbelt Securities Inc. raised its stake in 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 buying an additional 4,700 shares during the last quarter. Finally, Quantinno Capital Management LP bought a new stake in Burford Capital in the fourth quarter worth $132,000.
Wall Street Analyst Weigh In
Separately, Wedbush raised Burford Capital to an "outperform" rating and set a $18.00 price objective on the stock in a research report on Wednesday, June 11th.
View Our Latest Research Report on Burford Capital
About Burford Capital
(
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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.
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